Our public discourse lately has a constant thread running through it – “the price of gas.” The next three Science and Sense ...

Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

Most of the country's oil is extra-heavy crude from the Orinoco Belt, which requires more energy to extract, transport and refine than lighter grades. The crude is also sour, meaning it contains high ...

The contrast can be partly explained by geology. Most Venezuelan oil is considered heavy and sour, meaning it is dense and high in sulfur. Extracting, transporting, and refining this oil is more ...

The oil majors may be balking on Venezuela, but smaller firms see opportunities to cash in. Some are big Trump donors.

Venezuela’s oil type is particularly lucrative for US refineries, according to analysts. The United States’ bid to control ...

Federal licensing of offshore deepwater port facilities will shift to the U.S. Maritime Administration, a change intended to speed the approval of facilities that can accommodate ...

Stocks steadied on Wall Street. The S&P 500 rose 0.3% Thursday, breaking a two-day losing streak and edging back toward the ...

U.S. forces seized a sixth oil tanker on Thursday morning, the U.S. Southern Command confirmed. In a predawn raid, Marines and sailors launched from the USS Gerald R. Ford aircraft carrier in the ...

How Venezuela Turned Massive Oil Wealth Into Economic Ruin. Following the dramatic seizure of Venezuelan President Nicolas ...

Key Takeaways Venezuela's collapse in oil production stems from nationalizations that drove out technical expertise, ...

A global race for critical rare earth minerals is reshaping geopolitics and national security as countries seek to diversify ...