Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

The USGS found 1.6 billion barrels of new oil reserves in the Permian Basin. But the ‘massive' discovery presents new ...

Decades of nationalization, socialism, crony hiring and money printing turned Venezuela’s oil sector into a hollow shell, ...

Venezuela holds 300 billion barrels of oil reserves as Trump announces plans for major U.S. energy companies to invest ...

Despite claims of holding the world’s largest oil reserves, Venezuela’s resources are overwhelmingly extra heavy crude that ...

Strategic Petroleum Reserve less critical to U.S. security as domestic oil production surges under Trump administration ...

Rampant inflation, a collapsing currency and export restrictions have destabilized the country's economy and sparked deadly ...

Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.

Created 50 years ago in the wake of the 1972 OPEC oil embargo, the Strategic Petroleum Reserve exists today in a very ...

Trump frames the takeover as an enormous opportunity for America’s oil companies, the American people and Venezuelans. In ...

Venezuela's gold reserves have drastically dropped as a result of the government's misuse of the metal to secure loans, ...

Venezuela’s oil rivals the Magnificent Seven at conservative prices, with untapped gold adding a mega-cap-sized bonus to the ...