U.S. action in Venezuela has renewed focus on the country’s vast oil reserves, heavy crude challenges, and the expropriations that reshaped the country's oil industry.

President Trump said "we're going to get the oil flowing the way it should be" after the surprise U.S. attack. Here's what to know about Venezuela's oil sector.

Trump's exception for Chevron contrasts with the embargo that has been in place since 2019 for the rest of the foreign companies.

Following are key facts about the oil and mining sectors of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday.

The best that the GREEN movement has come up with for energy is wind and solar, but those renewables only generate electricity but CANNOT make any of the PRODUCTS and TRANSPORTATION FUELS. Most insulting is that wind and solar are made with those products that come from processed crude oil!

Senator Solomon Adeola (Ogun West) has assured extraction of crude oil will also begin at Tongeji Island, located in Ipokia Local Government Area of Ogun State. Adeola, who spoke on Tuesday in Otta at a Town Hall Meeting, Mega Empowerment and Thank You ...

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

At-a-Glance: After separation and stabilization, crude oil is stored in engineered tanks (onshore tank batteries, terminals, or offshore FPSO/FSO tanks) and moved via pipeline, marine tankers/barges, rail, or truck. Custody transfer is metered (LACT) to ...

Brent crude oil prices fell to below $60 a barrel on Tuesday, the lowest since May, amid investor optimism over progressing peace talks between Russia and Ukraine, and a wave of oversupply hitting global oil markets. CULVER CITY, CA - APRIL 25: Oil rigs ...