Oil Reserves News

Many Venezuelan citizens are reportedly unhappy with a deal that gives the US one-fifth of their oil reserves, viewing it as a surrender.

A signing ceremony has taken place, indicating that the US will now control a fifth of Venezuela's oil reserves. This development signifies a significant shift

US President Donald Trump is pursuing a deal to boost oil production in Venezuela, potentially giving the US control over 20% of its oil reserves, though Canadi

Trump administration officials defended a controversial deal granting the US control over a significant portion of Venezuelan oil reserves, arguing it would sta

The Trump administration announced a deal for the U.S. to take a majority stake in developing Venezuela's oil reserves, but energy experts are skeptical it will

Alejandro Betancourt is being considered by the U.S. to help develop Venezuela's oil reserves, potentially serving as a 'viceroy' for Trump. This move involves

The United States and Venezuela have reportedly formed a 25-year energy partnership, granting the U.S. 55% of output from new ventures and aiming to revitalize

A deal between Washington and Caracas regarding Venezuelan oil reserves has emerged, drawing criticism as a potential takeover of Venezuela's resources, though

A deal attributed to former President Trump reportedly grants the United States access to Venezuela's extensive oil reserves. The implications and details of th

US President Trump announced what he called the 'biggest oil deal in world history' with Venezuela. He stated that the deal secures majority control of over 65

Trump announced that the US secured 65 billion barrels of Venezuelan oil in what he called the 'biggest deal in world history.' Venezuelan interim President Del

US President Donald Trump announced that the US has secured a significant stake in Venezuela's oil reserves. This move aims to provide a new source of crude oil

President Trump announced a deal granting the U.S. control over 65 billion barrels of Venezuelan oil reserves. This move is part of the administration's effort

The Trump administration is reportedly considering a US ownership stake in Venezuela's oil industry, which holds approximately 90 billion barrels of proven rese

The American Strategic Petroleum Reserve (SPR) is facing critical engineering limits as its crude oil inventory drops below 300 million barrels, nearing operati

Saudi Arabia and the United Arab Emirates are actively working to expand their oil reserves in Japan and South Korea. This move comes as regional conflict, part

The US Strategic Petroleum Reserve (SPR) has dropped below 300 million barrels due to oil releases amid the Iran war, raising concerns among experts. Further dr

Yemen, possessing an estimated three billion barrels of oil reserves, faces challenges in resuming oil exports due to its unstable security environment, hinderi

Market forecasts indicate a doubled likelihood of a Reserve Bank of Australia interest rate hike due to escalating fuel prices driven by the Middle East crisis

The US Strategic Petroleum Reserve has fallen to its lowest level since 1983 as the conflict with Iran continues.