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 ...

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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 ...

Donald Trump, by dramatically seizing Nicolás Maduro and claiming dominion over Venezuela ’s vast oil reserves, has taken his ...

The world’s largest crude reserves look like a geopolitical prize. But climate experts warn that tapping them at scale would ...

The United States military today seized a fifth oil tanker in the Caribbean Sea, reportedly near Trinidad and Tobago, as the ...

Environmental experts warn that U.S. plans under President Trump to restart and control Venezuelan oil exports could ...

President Trump met with top oil executives at the White House Friday, seeking to interest those companies in investing in ...

President Trump has said Venezuela "unilaterally seized and sold American oil." But the history between the countries is far ...

Texas-based oil companies have largely been silent on Trump’s assertion that they would help to rebuild Venezuela’s oil infrastructure.

In a social media post on Tuesday, Trump said Venezuela would hand over 30 to 50 million barrels of oil to the U.S., which in ...