Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to extract than most.

In a social media post, Trump wrote that Venezuela would sell 30 to 50 million barrels of oil to the U.S., and he would control the money. The post Crude math: Analyzing Trump's deal to buy 50 million barrels of Venezuelan oil appeared first on Straight Arrow News.

Trump's exception for Chevron contrasts with the embargo that has been in place since 2019 for the rest of the foreign companies.

Senator Solomon Adeola (Ogun West) has assured extraction of crude oil will also begin at Tongeji Island, located in Ipokia Local Government Area of Ogun State. Adeola, who spoke on Tuesday in Otta at a Town Hall Meeting, Mega Empowerment and Thank You ...

U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations that reshaped the country's oil industry.

Fourth-quarter upstream production is expected between 1.84 million and 1.94 million barrels of oil equivalent a day, up from 1.83 million in the third quarter.

Trump has aggressively sought to boost oil and gas production within the US. Now, after the capture and arrest of Maduro and his wife, Cilia Flores, he is seeking to orchestrate a ramp-up of drilling in Venezuela,

The best that the GREEN movement has come up with for energy is wind and solar, but those renewables only generate electricity but CANNOT make any of the PRODUCTS and TRANSPORTATION FUELS. Most insulting is that wind and solar are made with those products that come from processed crude oil!

Suriname’s long-awaited offshore oil boom, anchored by TotalEnergies’ GranMorgu project, promises economic relief but faces mounting geological, financial, and timing challenges.

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting global oil markets. CULVER CITY, CA - APRIL 25: Oil rigs ...

The U.S. Senate is due to ‌consider ​a resolution on Thursday that would ‌block President Donald Trump from taking further military action against Venezuela without congressional authorization, and ​backers said the measure could pass in a close vote.