Key Takeaways Venezuela's collapse in oil production stems from nationalizations that drove out technical expertise, sanctions that blocked investment and buyers, and having a heavy crude that's ...

Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

The US capture of Venezuelan leader Maduro was a result of goals related to oil reserves, geopolitics, Chinese presence, and ...

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

Venezuela's gold reserves have drastically dropped as a result of the government's misuse of the metal to secure loans, ...

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

India's Union Budget, a key economic event, holds many fascinating historical details. The Constitution calls it the 'Annual Financial Statement'. This year's budget presentation on a Sunday is a ...

Venezuela has the world’s largest oil reserves—but history, costs, and political risk raise questions about whether U.S. oil companies are ready to invest. Venezuela has the world’s largest oil ...

This is read by an automated voice. Please report any issues or inconsistencies here. Major U.S. companies in the energy sector are expected to benefit after President Trump announced plans to take ...

The United States is considering whether to strike Iran as turmoil intensifies for the country’s authoritarian regime. The Iranian government is at its weakest point in years, destabilizing yet ...

Any U.S.-led revival of Venezuelan oil production would take years and heavy investment, but could still weaken oil prices and OPEC+ leverage. Russia, Iran, and China all risk losing economic and ...