The United States is suddenly positioning itself not just as the world's largest oil producer, but as a potential gatekeeper of the planet's biggest reserves. By moving aggressively into Venezuela ...

The United States has approved new licences allowing major international energy companies — BP plc (LSE: BP), Chevron ...

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?

Considering the big picture, there’s still plenty of room for debate about whether the Venezuela factor has materially altered Big Oil’s fortunes from an investment perspective.

Venezuela is a resource-rich country that now stands to benefit tremendously from the recent ousting of the corrupt former ...

Venezuela’s oil collapse stems from technical and institutional breakdowns, not a lack of reserves. Expropriation of foreign partners deprived PDVSA of capital, expertise, and operational capacity.

When it comes to oil-rich countries, one would usually think of Middle Eastern nations like Saudi Arabia or Iraq. But what many do not know is that the country with the largest oil reserves in the ...

Add Yahoo as a preferred source to see more of our stories on Google. Venezuela, home to the world's largest oil reserves, was once among the world's richest nations. Years of economic collapse drove ...

COLORADO SPRINGS, Colo. (KOAA) — The Trump administration says $500 million worth of Venezuelan oil is headed to the United States, part of a broader push to tap into some of the world’s largest oil ...