Venezuela sits on more barrels of oil than Saudi Arabia. So why does it pump less than 1% of the global supply?

Tullow Oil exported the oil under the plan dubbed the Early Oil Pilot Scheme (EOPS) from June 2018 to 2020. EOPS was meant to ...

President Trump says India will stop buying sanctioned Russian oil in trade deal, but data shows shadow fleet vessels on the move evading global enforcement.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive Officer (CEO) Mrs Oritsemeyiwa Eyesan on Wednesday reaffirmed commitment to the transparent process for the 50 blocks in ...

GOA, India, Jan 27 (Reuters) - India's state-run ‌Hindustan Petroleum Corp Ltd is ‌seeking Venezuelan crude for the first time as the refiner plans to increase heavy oil processing in the new ‍fiscal ...

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. — a shipment the president valued at $500 million. It's part of the administration's push to tap into ...

Idled oil rigs off the California coast could be back up and running soon if the federal government has its way. The Trump administration recently proposed a plan to open up the entire coast to new ...

Oil industry executives have voiced that reviving Venezuela's oil production will be a long and costly process. Companies will need stable, legally defined frameworks, security for investments, and ...

Editor’s note: “Behind the News” is the product of Sun staff assisted by the Sun’s AI lab, which includes a variety of tools such as Anthropic’s Claude, Perplexity AI, Google Gemini and ChatGPT.

“No one was paying any attention to Venezuelan oil two weeks ago,” a longtime oilman said to me the other day, “but now everyone is.” Donald Trump made that happen. Following the dramatic seizure of ...

President Trump said Sunday that he spoke to oil companies ahead of the operation in Venezuela and claimed they’re eager to revitalize the industry in the South American nation. Reporters on Air Force ...

U.S. Special Forces captured and extradited Venezuelan President Nicolás Maduro Saturday in a move that President Donald Trump said was meant to usher American oil expertise and investment into the ...