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

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 ...

Political instability in Iran, a major oil producer, together with US President Donald Trump's recent threats against the ...

Venezuela’s oil industry has been in the spotlight since President Donald Trump captured the country’s President Nicolas Maduro.

The world’s largest crude reserves look like a geopolitical prize. But climate experts warn that tapping them at scale would be expensive, polluting and potentially disastrous for global climate goals ...

MOSCOW. Jan 13 (Interfax) - The average December 2025 price of Urals crude for calculating mineral extraction tax on oil is $39.18 per barrel, the Russian Economic Development Ministry said. This ...