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 ...

“Venezuela has a history of exporting its oil to the US due to the fact that US oil companies were the first to go in, discover, pump, process, and export Venezuelan petroleum. Hence, refineries along ...

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 ...

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

Canadian Natural Resources Limited (CNQ) earns a Strong Buy rating, driven by low production costs, diversified assets, and ...

Learn how the reserves-to-production ratio estimates the lifespan of natural resources. Discover its role in predicting ...

For now, you might be better off enjoying the recent current decline in crude oil and gas prices, which has more to do with ...

President Trump on Saturday announced that Venezuela has "started the process" of releasing its political prisoners.

Venezuela’s crude is undeveloped, burdened by broken infrastructure, yet oil remains a symbol of leverage in U.S.