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

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

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

Geopolitical tensions have driven crude oil prices to a three-month high, with WTI trading just under $63 and Brent approaching the $67 resistance level ...

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 ...

Political instability in Iran, a major oil producer, together with US President Donald Trump's recent threats against the country have reignited fears of disruptions to crude supplies, sparking price ...

Add independent.com on Google Add the SB Independent as your preferred source to see more of our stories on Google. Scenes of Extraction (2023) creates an archival constellation using the still and ...