Venezuela's oil is mostly extra-heavy crude from the Orinoco Belt, with breakeven costs above $80 per barrel-making it ...

Despite geopolitical upheaval, sanctions, and military action, this South American state's proven oil reserves remain ...

Venezuela's official 300 billion barrels of proven oil reserves is largely the result of reclassification and political ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to ...

Political instability in Iran, a major oil producer, together with US President Donald Trump's recent threats against the ...

Sable Offshore Corp. (NYSE:SOC) is one of the stocks Jim Cramer shared his take on. When a caller inquired about the stock ...

Guatemala has taken a powerful and unusual step to protect one of Central America’s most threatened rainforests. The country has decided to shut down its main oil production site and transform the ...

Most of the country's oil is extra-heavy crude from the Orinoco Belt, which requires more energy to extract, transport and refine than lighter grades. The crude is also sour, meaning it contains high ...

The country’s 300 bln barrels of viable reserves represent almost one-fifth of the world's total. Yet this figure is self-reported, with incentives for puffery. A vast sum is in the ground, but low ...

Venezuela holds the world's largest proven oil reserves, surpassing Saudi Arabia with around 303 billion barrels of crude oil ...