Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

The two countries both produce heavy oil, which is difficult to refine, and have relied historically on American refineries ...

Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown ...

Crude output in Venezuela could increase up to half a million barrels per day in the next two years if Venezuela is ...

The hedge fund could soon close its proposed takeover of the refiner—and profit from any bump in oil production from the ...

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

Two U.S. intelligence officials said Venezuelan officials had discussed placing Soviet-era defense systems and armed military ...

Venezuelan President Nicolás Maduro has been captured and flown out of the country following a largescale US strike on Caracas, leaving behind uncertainty for the country – and its massive oil ...

Venezuela’s oil has been a core dimension of the years-long U.S. campaign against President Nicolás Maduro. Successive ...

An oil tanker chased by the U.S. Coast Guard paints a Russian flag to evade capture, raising geopolitical tensions and legal ...

Oil and gasoline prices are expected to decline next year, according to a recent forecast from the Energy Information Administration (EIA). The EIA published its Short-Term Energy Outlook in November, ...