Venezuela Has Massive Oil Reserves. But Producing Them Is the Challenge
Venezuela may sit on the biggest oil reserves on the planet, but decades of mismanagement, underinvestment, and poor infrastructure...
Oil market
Venezuela’s distressed debt back in focus as investors line up to collect
Venezuela’s debt crisis, one of the world’s largest unresolved sovereign defaults, has returned to the spotlight as investors speculate...
Why Trump Says Venezuela “Stole” Oil From the US
President Donald Trump’s claim that Venezuela stole oil from the United States is not about current oil shipments or...
Oil Markets Turn Bearish as Trump–Putin Alaska Summit Shakes Global Energy Outlook
The global oil markets are showing renewed weakness following the high-profile Trump–Putin summit in Alaska, as the absence of...
OPEC Cuts Oil Demand Forecast for 2025 and 2026 on Trade War
Tariffs bite into global consumption, but OPEC remains more bullish than Wall Street. OPEC has trimmed its global oil...
Oil market still set to tighten in the second half of 2024 – UBS
UBS reports that recent revisions by major energy agencies indicate the crude oil market is expected to tighten in...