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

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

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 ...

United States President Donald Trump has reignited debate over American foreign policy toward Venezuela, raising questions about the country’s oil reserves and past U.S. actions. Speaking on Tuesday, ...

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 ...

The world’s largest oil discovery of 2022, Namibia’s ultra-deepwater Venus remains one of the world’s most technologically complex prospects. Namibia’s demand that TotalEnergies supplies Venus’ gas ...

Iraq, OPEC’s second-largest oil producer, continues to suffer daily blackouts despite holding the world’s fifth-largest proven oil reserves. Chronic underinvestment, corruption, and dependence on ...

The United States appears ready for war with Venezuela, a prospect that Venezuelan President Nicolás Maduro this weekend attributed to America’s desire to control the country’s vast oil reserves.

Off Brazil’s northeastern coast, where the sediment-heavy water of the vast Amazon River tips out into the Atlantic, are two very different types of treasure. The first is an ecological gem: a 3,600 ...