Venezuela has the largest oil and gas reserves in the world, but produces hardly any of it. The decision to do so is up to the government. If it does nothing, Venezuela's oil might stay in the ...

GEORGETOWN/CARACAS (Reuters) - Venezuela's navy "intercepted ... recent years as Exxon has announced the discovery of more than 5 billion barrels of oil off the shore of Guyana, an English ...

For its part, state oil company PDVSA reported a 998,000 bpd output in December, up from 960,000 bpd the prior month. Venezuela’s crude and byproduct exports receded to 756,000 bpd last month from a ...

Dozens of business figures and politicians have been arrested so far this year in a £17bn corruption scandal that has rocked Venezuela and its state-run oil company. Venezuela's Nicolas Maduro ...

In 2017, the Venezuela’s state-run oil firm PDVSA bought 180,250 barrels per day of crude and refined products and reshipped a portion of it to regional allies. Venezuela's imports Oil as a ...

Venezuela’s flagship oil blend, Merey, maintained a stable price of US $59.58 per barrel during this period. While Venezuela managed to boost its exports, the country’s oil sector continues to ...

Venezuela's oil output production fell 5% from May of 2022 to the previous month, according to the latest Organization of the Petroleum Exporting Countries (OPEC) released Tuesday. The document ...

Robert Rapier is a chemical engineer covering the energy sector. The Wall Street Journal reported this week that Venezuela's oil output in December fell by 11%, to 1.62 million barrels per day (BPD).

Venezuela had ramped up its claims to ... Guyana's economy was transformed in 2015 with the discovery of an offshore oil field in the country’s waters about 120 miles from Georgetown.

CARACAS, Venezuela (AP) — Venezuela's top prosecutor on Monday announced the arrest of a former oil minister and accused him ...