The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the ...

The United States’ bid to control Venezuela’s oil sector after abducting Venezuelan President Nicolas Maduro has shone a spotlight on the type of crude held by the Latin American country. Crude oil, ...

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

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.

The Narwhal examines how U.S. actions in Venezuela could impact Canada's oil market, highlighting concerns over pricing and ...

Environmental experts warn that U.S. plans under President Donald Trump to restart and control Venezuelan oil exports could ...

Canadian heavy oil prices are plunging this week following the upheaval in Venezuela over the weekend and the prospect of ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to ...

Venezuelan crude oil worth $2.8 billion could reach Texas refineries next week following Trump's announcement of 50 million ...

Obsidian Energy's (OBE)(OBE:CA) Q2 2024 results were solid, with production averaging 35,773 BOEPD despite a negative impact of 1,550 BOEPD from blockades. Obsidian's dispute with the Woodland Cree ...