Venezuela sits atop approximately 303 billion barrels of proven crude oil reserves, roughly 17% of the global total, yet the country produced just 742,000 barrels per day in 2023, accounting for a ...

Venezuela has the world’s largest proven oil reserves, officially holding about 303 billion barrels, or roughly 17 per cent of global crude, mostly in.

A sculpture of a hand holding an oil drilling rig is pictured outside the state-run oil company Petroleos de Venezuela S.A. (PDVSA) in Caracas on February 26, 2025. (Photo by Pedro MATTEY / AFP) ...

Guyana and Venezuela share the same oil basin, but vastly different outcomes. This investor-focused analysis shows why institutions—not reserves—drive energy success.

Broken pumps, rusted pipes, ghost towns mark Venezuela's once vibrant oil hub. It will cost billions to restore the industry.

Trump said his administration would run Venezuela until a "safe, proper and judicious transition" could take place, adding that the US would indefinitely control the sale of its oil. Venezuela's ...

Since the U.S. ousted Venezuelan leader Nicolás Maduro last month, oil analysts have been remembering the U.S. removal of another foreign leader more than twenty years ago. In 2003, the U.S. removed ...

Venezuela’s oil sales, under the control of the United States, are set to bring $5 billion over the next few months, with ...

Guyana’s open investment model contrasts with Venezuela’s mismanagement, showing how oil policy choices drive growth, ...