GOA, India, Jan 27 (Reuters) - India's state-run Hindustan Petroleum Corp Ltd is seeking Venezuelan crude for the first time ...

Rebuilding Venezuela’s oil sector would be a long-cycle, capital-intensive process, not a rapid production restart.

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

The US capture of Venezuelan leader Maduro was a result of goals related to oil reserves, geopolitics, Chinese presence, and ...

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

The highly complex refineries located on the U.S. Gulf Coast could resume processing heavy Venezuelan crude oil in the years following the capture of President Nicolás Maduro, possibly pushing out ...

A key driver of U.S. refiners’ profitability — the ability to buy heavy crude at cheap prices — is set to improve in the second half of the year as Canadian and Middle Eastern production rebounds.

Despite accusations from Venezuelan and Colombian leaders, the immense growth in U.S. domestic oil production and reserves significantly diminishes the strategic need for Washington to seize Venezuela ...

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, ...

Brazil’s heavy and extra-heavy oil—from mature offshore hubs in the Campos Basin to onshore clusters in Rio Grande do Norte and Bahia—continues to reinforce national energy self-sufficiency. Advances ...

At-a-Glance: Heavy oil is most commonly found in shallow to moderate-depth reservoirs (cooler formations) that have undergone biodegradation—dominantly in clastic (sandstone) settings within foreland ...

The current supply-demand situation for crude oil shows a market that is well supplied. So well supplied in fact, that oil prices have sunk below $60 per barrel. But this fact highlights a distinction ...