Environmental experts warn that U.S. plans under President Donald Trump to restart and control Venezuelan oil exports could ...

Despite claims of holding the world’s largest oil reserves, Venezuela’s resources are overwhelmingly extra heavy crude that ...

President Trump has set his sights on Venezuelan oil, but there are many economic and political obstacles to significantly ...

The Energy secretary said he was “cheering lower oil prices,” even as the Trump administration struggles to persuade U.S. oil ...

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the ...

Nearly 70% of U.S. refining capacity runs most efficiently with heavier crude, which is why 90% of U.S. oil imports are heavy ...

Venezuela’s current oil production infrastructure “has been held together by string and gum,” said Fernando Valle at Hedgeye ...

Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.

The U.S. miltary said the tanker was operating in defiance of President Donald Trump’s “established quarantine of sanctioned ...

The Trump administration aims to boost U.S. energy supply from Venezuela, but major companies remain wary of investing ...

Political chaos, sanctions and technical mismanagement of the oil industry may have taken a heavy toll on the industry.