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 ...

When you click on “Accept all”, you consent to ads on this site being customized to a personal profile we or our advertising ...

Unrivalled advancements in technology have transformed rare earth elements (REEs) into a strategic tool not only to produce high-tech defence equipment but also aggrandise innovation-led economic ...

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 ...

United States President Donald Trump welcomes chaos — he thrives on it. In his book, the Art of the Deal, he argues creating ...

Venezuela's state energy company PDVSA has begun reversing oil production cuts made under a strict U.S. oil embargo as crude ...

Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between ...

Egypt has drilled four new exploratory wells in the Western Desert, adding fresh oil and gas volumes to support domestic ...