For over a century, the world has run on oil, and out of everywhere in the world, these are the countries sitting on the largest, most valuable reserves of it.

The South American country increasingly at odds with the Trump administration has the world’s largest oil reserves.

The president said in a Truth Social post Venezuela should return those assets to the U.S. and declared an oil tanker blockade.

U.S President Donald Trump has continued his pursuit to take over Venezuela’s massive oil reserves and is considering military options to control the world’s largest oil reserves, estimated at more than 300 billion barrels. In private talks with senior ...

Venezuela has the world’s largest proven oil reserves, but production has collapsed in recent years due to corruption, under-investment and mismanagement. Francisco Monaldi, director of the Latin America Energy Program at Rice University’s Baker Institute for Public Policy,

A buildup of U.S. military forces in the Caribbean Sea is raising concerns about a potential strike on Venezuela, home to the world's largest oil reserves Nearly 70% of U.S. refining capacity runs most efficiently with heavier crude, of which Venezuela is ...

Venezuela asserts its determination to continue oil exports despite US President Donald Trump's announcement of a severe blockade, escalating tensions in the region.

Imagine waking up in Venezuela to a full-blown crisis. The U.S. calls your government a terrorist organisation, warships sit off your coast, and your only lifeline — oil — is being choked by a blockade.

Venezuela's bitumen-heavy oil is virtually identical to Canada's and the South American country has the largest proven reserves in the world. But Venezuelan oil has essentially disappeared from world markets over the past 20 years.