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

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

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

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 ...

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

Trump’s actions in Venezuela yesterday sent shockwaves around the world, yet his intentions are not as clear as he makes them ...

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

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 ...

Chevron is the only American major currently operating in Venezuela. Conoco has been seeking billions for the takeover of ...