Till date, oil still counts as one of the most essential and strategic products in the world economy. It powers transportation networks, supports industrial production and still defines geopolitics ...

Following the dramatic capture of Venezuelan President Nicolás Maduro, the U.S. is now positioned to exert significant influence over the future of the world’s largest oil reserves. Venezuela, a ...

Venezuela holds the largest proven oil reserves in the world, estimated at roughly 303 billion barrels, yet it consistently earns a fraction of what other major exporters do from crude exports and ...

U.S. forces seized a second oil tanker over the weekend, escalating pressure on Venezuela as it relies on crude exports to prop up its economy. The seizure follows President Donald Trump's order to ...

Dec 17 (Reuters) - At least two tankers carrying Venezuelan oil byproducts including methanol and petroleum coke departed on Wednesday from the OPEC country's largest port, Jose, according to ship ...

Almost every day, an oil tanker arrives off the coast of Guyana to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments is all the more remarkable ...

This is read by an automated voice. Please report any issues or inconsistencies here. Major U.S. companies in the energy sector are expected to benefit after President Trump announced plans to take ...