Venezuela, oil industry
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Oil prices tumble
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Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.
The Trump administration is counting on U.S. oil companies to revive Venezuela's creaky energy production and tap its massive reserves.
The United States has completed its first sale of Venezuelan oil, valued at $500 million, according to an administration official.
As Washington moves to reshape Venezuela’s oil sector, campaign finance data shows Republicans received the vast majority of oil and gas industry election spending in 2023 and 2024.
Resurgent global interest suggests that Nigeria’s oil industry may be emerging from a slump that had seen production drop to a two-decade low in 2022. Yet foreign firms are no longer the main players.
American companies are “likely” to have an expanded presence in Venezuela’s oil industry, US Secretary of Energy Chris Wright said Sunday, with the Trump administration calling
See how President Donald Trump’s capture of Maduro and control of Venezuela’s oil sales could affect China, Cuba and the United States.
U.S. forces in the Caribbean Sea have seized another sanctioned oil tanker the Trump administration says has ties to Venezuela, part of a broader U.S. effort to take control of the South American coun