Venezuela has the largest share of oil reserves in the world but hasn't been producing or refining it. See the charts.

Oil futures surged to a five-month high Monday morning after the U.S. struck Iranian nuclear facilities over the weekend but fell sharply later in the day amid optimism that an escalation of the ...

Oil and natural gas prices turn volatile as US crude inventories jump, resistance holds on charts, and RSI signals fading ...

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. Read more here ...

Crude oil is testing key support after a pullback, with bullish reversal signals still intact as price action sets up a ...

President Donald Trump said Saturday the U.S. would tap into Venezuela’s oil reserves following President Nicolás Maduro’s capture. Trump wants U.S. oil companies to invest in Venezuela’s oil industry ...

The president wants to put Venezuela’s viscous crude into play. The problem is the world doesn’t have much appetite for more oil.