Exxon, Chevron, and others are increasingly eyeing South America for low-cost, low-emission production as shale basins mature ...

A high-stakes effort to free a group of detained Americans and dozens of Venezuelan political prisoners collapsed earlier ...

By bnl editorial staff The Trump administration has provided a final grace period for companies to complete liquefied petroleum gas (LPG) shipments from Venezuela, extending authorisation until ...

For many resource-rich nations, the ultimate aspiration is to transcend the cyclical trap of the ldquo;resource curse, rdquo; a paradox often attributed to the ldquo;Dutch disease. This phenomenon ...

The shale boom made the U.S. the world’s top oil producer in recent years, ahead of Saudi Arabia and Russia. But with many of ...

Venezuelan President Nicolás Maduro received five delegates from the Communist Party of China (CPC) at the Miraflores Palace ...

The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...

Venezuela has opened the first Kalashnikov ammunition plant in the Americas, reflecting its ongoing defense ties with Russia.

The International Energy Agency's Oil 2025 outlook suggests a landscape where oil supply will grow more rapidly than demand ...

The top 10 countries account for a major share of the world’s proven reserves. Countries such as Saudi Arabia, UAE, Kuwait, US and Russia have conventional light crude while the likes of Venezuela and ...

In Venezuela's oil capital of Maracaibo, a drilling frenzy has led to dozens of new wells -- but the valuable liquid being ...