President Trump has said he plans to take control of oil reserves in Venezuela. The president stated the venture will greatly benefit American citizens, though some believe there could be significant obstacles to these efforts.

Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact oil market profitability.

Venezuela has the largest oil reserves of any country on Earth. But the type of oil it has is difficult, and dirty, to process. Experts say ramping up production would be expensive, and dangerous for the climate and environment.

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 ...

A series of more than 100 small earthquakes in Surrey in 2018 and 2019 might have been triggered by oil extraction from a nearby well, suggests a new study. A series of more than 100 small earthquakes in Surrey in 2018 and 2019 might have been triggered by ...

The White House has eased sanctions by authorizing energy supermajor Chevron to extract and export oil from Venezuela. Venezuela only pumped an average of 693,000 barrels per day in November 2022. Washington cannot expect Venezuela’s crude production to ...