Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact ...

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

Venezuela’s oil is mostly extra-heavy crude from the Orinoco Belt, with breakeven costs above $80 per barrel—making it uneconomic at current prices and far less attractive than other heavy oil sources ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

Venezuela has the largest oil reserves of any country on Earth. But the type of oil it has is difficult, and dirty, to process. Experts say ramping up production would be expensive, and dangerous for ...

Senator Solomon Adeola (Ogun West) has assured extraction of crude oil will also begin at Tongeji Island, located in Ipokia Local Government Area of Ogun State. Adeola, who spoke on Tuesday in Otta at ...

U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations ...

At-a-Glance: After separation and stabilization, crude oil is stored in engineered tanks (onshore tank batteries, terminals, or offshore FPSO/FSO tanks) and moved via pipeline, marine tankers/barges, ...

President Trump said "we're going to get the oil flowing the way it should be" after the surprise U.S. attack. Here's what to ...

Ghana is encouraging investors to get the country’s crude out of the ground to avoid the assets from getting stranded amid a global decarbonization push. The government is ready to roll out the “red ...

MOSCOW. Jan 13 (Interfax) - The average December 2025 price of Urals crude for calculating mineral extraction tax on oil is $39.18 per barrel, the Russian Economic Development Ministry said. This ...