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.

Chevron, the lone U.S. company in the South American country, has weathered years of political and economic instability in Venezuela, but the latest U.S. pressure campaign could become its toughest test yet.

The president said in a Truth Social post Venezuela should return those assets to the U.S. and declared an oil tanker blockade.

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

Venezuela's bitumen-heavy oil is virtually identical to Canada's and the South American country has the largest proven reserves in the world. But Venezuelan oil has essentially disappeared from world markets over the past 20 years.