Find out the 10 countries with the largest oil reserves, exploring how oil wealth continues to shape global energy markets ...

Gunboat diplomacy as practiced by Britain, Germany and Italy in 1902 led to a prolonged naval blockade of Venezuela to force ...

After spending nearly $50 billion to expand the country’s Tengiz oil field, the American oil giant and its partners encounter more uncertainty. The Tengiz field in Kazakhstan has been producing oil ...

Shale drillers have turned the biggest oil field in the U.S. into a pressure cooker that is literally bursting at the seams. Producers in the Permian Basin of West Texas and New Mexico extract roughly ...

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America's most productive oil patch is now grappling with a hidden threat building beneath its rigs and pump jacks. As drillers chase record output, the Permian Basin is accumulating toxic, high ...

Petróleo Brasileiro SA (Petrobras) started production from FPSO P-78 in Búzios field in the Santos Basin presalt on Dec. 31, 2025. The FPSO has capacity to produce 180,000 b/d of oil, in addition to ...

QatarEnergy LNG has awarded Saipem, in partnership with Offshore Oil Engineering Co. Ltd., an engineering, procurement, construction, and installation (EPCI) contract for the COMP5 package of the ...

U.S. forces seized two tankers, including one under a Russian flag, on Wednesday, as officials try to choke off most exports of Venezuelan crude oil. By Jenny Gross and Genevieve Glatsky The seizure ...

Venezuela’s oil has been a core dimension of the years-long US campaign against strongman Nicolás Maduro. Successive administrations used the country’s vital export as a wedge to pressure Caracas, ...