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 ...

Jan 4 (Reuters) - Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of ...

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 ...

Canada and Venezuela compete in the same heavy-oil regional and global markets, so shifts in supply from Canada to Venezuela ...

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

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large draw of 4.8 million barrels in the week ending December 5. Crude oil inventories shrank by ...