HOUSTON (Reuters) - Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

By bne intellinews Venezuela, once a significant supplier of crude oil to the United States, may be on the brink of losing ...

Oilrrigs by Maria Lupan on UnSplash. Venezuela exported large amounts of heavy crude oil to the U.S. before economic sanctions were imposed in 2019 during Donald Trump’s first term. These exports ...

Venezuela, a country in South America, has the largest oil reserves in the world. But over the last few years, the country has faced serious challenges. Corruption, bad management, and tough economic ...

Copyright 2025 The Associated Press. All Rights Reserved. A sculpture of a hand holding an oil drilling rig stands outside the state-run oil company Petroleos de ...

The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation ...

The inauguration of Nicolás Maduro for a third consecutive term as president of Venezuela on January 10 ... control over the world’s largest oil reserves. The Biden administration responded ...

The situation is more complex in Venezuela, where long-time ruler Nicolas Maduro just got sworn in for another term amid widespread evidence of election fraud but US oil firms like Chevron Corp ...

Much hinges on the position the new administration of President Donald Trump in the United States takes on Venezuela. If he continues the hard-line policies of his first term, then sanctions on ...

(Bloomberg) -- Donald Trump’s secretary of state-nominee Marco Rubio said the US should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela.

China has identified newly proven oil equivalent reserves of 55.56 million tons in the Tarim Basin, located in the Xinjiang Uygur autonomous region, the China Geological Survey said Wednesday.