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Building inventories is one of the strategies that many oil producers use to withstand low price periods: store oil and wait for a recovery

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Sour and heavy oil is the worst combination when it comes to processing (except maybe tar sands) driving up the production costs. When global oil prices are low Venezuela can't make a

Oil prices are influenced by supply-demand dynamics—when supply increases while demand stays constant, prices fall, and vice versa. At the onset of the

4. Oil prices have tanked, and $11 billion went missing from the state-run oil fund. Venezuela has been an oil producer since 1914, and

Venezuela should be benefiting from the global rise in oil prices. Instead, the country is seeing its oil income continue to plummet, along with

The U.S. government has been seeking ways to increase the flow of oil to world markets to alleviate high prices. But any real oil output increase by Venezuela will take time

Venezuela produced 918k b/d of crude oil in February, up from 760k b/d in 2025, while it exports around 750k b/d. As such, this move could mean a fairly sizeable tightening in

14 hours agoThe Port of Los Angeles, the busiest port in the US, reported the highest monthly container volume in its 117-year history for July as shippers front-load cargoes amid ongoing

As Venezuela’s economic crisis and oil production woes deepen, the country has continued to send subsidized crude to its ally, Cuba, despite

Oil traded slightly lower on Friday as traders weighed trade talk optimism and the potential of more oil supply from Venezuela.

Venezuela’s oil production has shrunk by 75% over the past ten years, due largely to its own political missteps. Venezuela’s illegal

The United States appears to be inclined to let international oil companies with existing operations in Venezuela continue pumping crude in the country holding the world’s

Oil prices are influenced by supply-demand dynamics—when supply increases while demand stays constant, prices fall, and vice versa. At the onset of the

A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic troubles, and

And Venezuela’s revenues are further hurt by the need to offer discounts in order to circumvent sanctions. Oil prices recently rebounded over

The story of Venezuela’s rise to wealth and its now near collapse is a cautionary tale for countries rich in natural resources. The 1914 discovery

Oil prices swooned on Wednesday as economic uncertainty rippled through global markets, a reaction to President Trump’s tariffs on Canada, China and Mexico and a decision

Understanding why Venezuela possesses such a significant amount of oil requires an exploration of its geological formations, historical

The price of oil is one of the most closely watched economic trends in the world. It affects the economies of every nation, and petrostates