Venezuela’s oil industry is in ruins. Reviving it won’t be easy
The pumps that brought prosperity from deep in the Earth’s crust are now mostly rusted relics of a…
Rubio is set to warn of future military action if Venezuela’s new leaders stray from US goals
WASHINGTON (AP) — Secretary of State Marco Rubio plans on Wednesday to warn that the Trump administration is…
Permian Basin Economy Slows Under the Shadow of Cheap Venezuelan Oil
The United States is rushing to sell off millions of barrels of Venezuelan oil after the Trump administration…
Why Venezuela Is Poor Despite Having The World’s Largest Oil Reserves
Venezuela holds the largest proven oil reserves in the world, estimated at roughly 303 billion barrels, yet it…
‘We want it back’: Trump asserts U.S. claims to Venezuelan oil and land
MEXICO CITY — President Trump’s order of a partial blockade on oil tankers going to and from Venezuela and his…
Ample oil supply shields China from impact of Venezuela disruption, for now
By Siyi Liu and Chen Aizhu SINGAPORE, Dec 15 (Reuters) – The volume of Venezuelan oil already headed…