With significant shale oil reserves, the U.S. ranks ninth globally but leads the world in oil production. As of April 2025, U ...

The top 10 countries account for a major share of the world’s proven reserves. Countries such as Saudi Arabia, UAE, Kuwait, US and Russia have conventional light crude while the likes of Venezuela and ...

Venezuela's second-largest refinery, the 310,000-barrel-per-day Cardon plant operated by state company PDVSA, remained halted on Monday after a power blackout, three sources with knowledge of its ...

The Cardón refinery, Venezuela's second-largest with a capacity of 310,000 barrels per day, shut down after a power outage ...

Venezuela's aging refining network has frequent outages after years on insufficient investment, mismanagement and U.S. sanctions preventing the import of spare parts. In recent months, Cardon has ...

Venezuela's second-largest refinery, the 310,000-barrel-per-day Cardon plant operated by state company PDVSA, remained halted on Monday after a power blackout, three sources with knowledge of its ...

In recent months, Cardon has been key to processing feedstock from some of the Orinoco Belt's heavy crude projects.

(Reuters) -Venezuela's second-largest refinery, the 310,000-barrel-per-day Cardon plant operated by state company PDVSA, remained halted on Monday after a power blackout, three sources with ...

Venezuela’s state-run oil company has signed at least nine new deals with foreign service providers, including two Chinese firms, in an effort to keep dollars flowing into the economy after US ...

The new contracts allocate operational rights to foreign companies over blocks in Zulia state and the Orinoco Belt, Venezuela’s main oil regions.