Trump orders total blockade of Venezuelan oil tankers as the South American nation controls world's largest oil reserves with over 300 billion barrels.

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.

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,

By end-2025, global proven oil reserves are projected to reach 1,773 billion bbl, up from 2024, based on the preliminary annual assessment from Oil & Gas Journal. Global

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 ...

Some in the US have been arguing for intervening in Venezuela to avail opportunities to revive America’s oil industry

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.

Chevron Corporation CVX, one of the world's largest oil and gas companies, has remained resilient in its operations in Venezuela, despite escalating geopolitical tensions and ongoing U.S. sanctions. Recently,