Venezuela’s oil has long been tantalizing—and problematic. The country’s headline number is 300 billion barrels, a reserve that would be the largest in the world, dwarfing even Saudi Arabia’s 265 billion barrels.

According to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released recently, the world produced an average of 76.10 million barrels of crude oil per day in the third quarter of 2024. That compares ...

For decades, Africa’s natural resources have been a cornerstone of the global oil market, with the Organisation of the Petroleum Exporting Countries (OPEC) recognising the continent’s critical contributions. With vast oil reserves spanning deserts ...

Argentina has achieved a new production record of 816,144 barrels of crude oil per day in August 2025, largely due to the Vaca Muerta shale formation, securing its position as Latin America's fourth-largest crude oil producer. The Vaca Muerta shale's well ...

According to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released earlier this month, the U.S. will produce 13.45 million barrels of crude oil, including lease condensate, per day in the second ...

The continued relevance of oil and gas provides an opportunity for the industry to scale new nuclear energy power sources. Nuclear energy is currently enjoying another renaissance, thanks in large part to the growing energy needs of the data center ...

Donald Trump’s economic plan includes deregulating the U.S. oil and gas industry and raising import tariffs, promising to reduce energy costs for Americans. Critics argue that while deregulation might boost production, high tariffs on imported oil could ...

Energy Secretary Chris Wright said Wednesday that the United States will sell Venezuelan oil “indefinitely” after completing sales of the crude currently accumulating in storage there. Wright said the proceeds from those sales would be "deposited into accounts controlled by the U.