How Oil Petroleum Extraction

US and Venezuela's vast oil reserves

Map Shows How Venezuela’s Oil Reserves Compare to Rest of World

Venezuela holds the world’s largest proven oil reserves, controlling more of the vitally important natural resource than any other nation, according to recent data.

· 4d

Analysis-No Quick Wins in Tapping Venezuela's Oil Reserves

· 2d · on MSN

Why the US wants Venezuela’s oil

· 10h

Oil steadies after Trump says Venezuela to export crude to the US

Oil prices steadied on Wednesday as investors digested statements from President Donald Trump that the United States had reached a deal to import up to $2 billion worth of Venezuelan crude, ‍a move th...

· 11h

Venezuela Oil US | Trump Claims Venezuela Will Hand Over Up To 50 Million Barrels Of Oil To US

· 19h

As Trump looks to crowd in US investments, why Venezuela oil may be a hard sell

· 11h

Venezuela Crisis | Trump: Venezuela To Hand Over 50 Mn Barrels Of Oil

Trump is claiming that between 30 and 50 million barrels of sanctioned Venezuelan oil will now go to the US for sale.

· 12h

US Strikes Venezuela News LIVE Updates: US moves to seize Venezuela-linked oil tanker, Russia dispatches sub to defend

· 23h

'Controlled by me’: Trump says Venezuela to send US up to 50 million barrels of oil; lays out plan

RealClearMarkets

There's Record U.S. Oil Extraction, That's Why Oil Is So Expensive

At present, oil extraction in the United States sits at record levels of roughly 13.2 million barrels per day. No wonder oil is so expensive. Wait, what’s that you say? U.S. extraction at record levels is causing oil prices to rise? Aren’t oil prices a ...

Venezuela's oil and mining sectors: large potential, weak infrastructure

Following are key facts about the oil and mining sectors of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday.

Rigzone

New Report Shows USA Oil and Gas Wages by Industry

Rigzone takes a closer look at the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy report. Image by Dragon Claws via iStock The industry that paid the highest U.S. oil and gas wage in 2024 was Crude Petroleum ...