Following the dramatic capture of Venezuelan President Nicolás Maduro, the U.S. is now positioned to exert significant influence over the future of the world’s largest oil reserves.

The U.S. will sell blockaded Venezuelan oil “indefinitely,” Energy Secretary Chris Wright said Wednesday, a day after President Trump said Venezuela will give the U.S. between 30 million and 50 millio...

In 2024 the country claimed more than 300 billion barrels of proven crude oil reserves, the highest of any nation.

Venezuela holds the largest crude oil reserves in the world, estimated at about 303 billion barrels, according to the U.S. Energy Information Administration.

Deposed Venezuelan President Nicolás Maduro and his wife appeared in a federal court in New York City on Monday, following their capture by U.S. forces over the weekend in a military operation in the ...

The seizure, which could stoke tensions with Russia, came after the tanker, originally known as the Bella-1, slipped through a U.S. maritime "blockade" of sanctioned tankers and rebuffed U.S. Coast Gu...