Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.

Refineries in Texas and along its Gulf Coast could get a boost from Venezuela's heavy crude. But oil producers might hesitate ...

Political chaos, sanctions and technical mismanagement of the oil industry may have taken a heavy toll on the industry.

Venezuela has the largest oil reserves of any country on Earth. But the type of oil it has is difficult, and dirty, to process. Experts say ramping up production would be expensive, and dangerous for ...

The United States on Wednesday ramped up its blockade on Venezuelan oil exports by seizing a Russian-flagged oil tanker in ...

While any investment by US companies in rejuvenating Venezuelan oil production could take time, Gulf Coast refiners are well ...

HOUSTON/BEIJING, Jan 7 (Reuters) - Global oil prices fell on Wednesday and China denounced the ‌U.S. ​as a bully after ...

Venezuelan crude oil worth $2.8 billion could reach Texas refineries next week following Trump's announcement of 50 million ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to ...

The South American country has a relatively low output, but its vast reserves of high-density crude oil are sought after by ...

U.S. firms involved in the effort would face risks, León and Cinquegrana said. Chevron is currently the only U.S. oil firm ...

President Donald Trump said US oil companies will spend billions of dollars to rebuild Venezuela’s crumbling energy infrastructure after a military operation that led to the capture of Nicolas Maduro, ...