Rampant inflation, a collapsing currency and export restrictions have destabilized Iran's economy and sparked deadly protests.

President Donald Trump stated at a news conference that the United States will "get the oil flowing the way it should be" in Venezuela with the assistance of oil companies following the surprise ...

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

Venezuela holds the world's largest proven oil reserves, surpassing Saudi Arabia with around 303 billion barrels of crude oil ...

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 ...

Despite exporting less than 1% of the world's supply of oil, Venezuela has been a key focal point in the energy market for decades. Why? Because the country claims to have the largest reserves of ...

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 ...

Around 30 percent of global oil reserves might be consolidated under U.S. influence. That’s what J.P. Morgan analysts, including the company’s head of global commodities strategy Natasha Kaneva, ...

The world’s oil wealth is highly concentrated as a relatively small group of countries controls the majority of known crude ...

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 ...

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 ...