For over a century, the world has run on oil, and out of everywhere in the world, these are the countries sitting on the largest, most valuable reserves of it.

Chevron, the lone U.S. company in the South American country, has weathered years of political and economic instability in Venezuela, but the latest U.S. pressure campaign could become its toughest test yet.

The president said in a Truth Social post Venezuela should return those assets to the U.S. and declared an oil tanker blockade.

Venezuela has the world’s largest proven oil reserves, but production has collapsed in recent years due to corruption, under-investment and mismanagement. Francisco Monaldi, director of the Latin America Energy Program at Rice University’s Baker Institute for Public Policy,

Russian President Vladimir Putin warned on Friday of risks for international reserves held by the world's top oil producers in the European Union, following discussions by EU leaders about using Russian assets to finance Ukraine.

Some in the US have been arguing for intervening in Venezuela to avail opportunities to revive America’s oil industry

By end-2025, global proven oil reserves are projected to reach 1,773 billion bbl, up from 2024, based on the preliminary annual assessment from Oil & Gas Journal. Global

(Reuters) -China is building oil reserve sites at a rapid clip as part of a campaign to boost crude stockpiles that increased in urgency after Russia's Ukraine invasion upended global energy flows and has accelerated this year, according to public data ...

Prime Minister Mark Carney will lift former Prime Minister Trudeau’s climate laws to allow a new oil pipeline from