When it comes to oil importers, the US and China are the top two. Despite having their own oil reserves, their huge energy ...

Venezuela’s president ordered the creation of a new state called “Guayana Esequiba” on Tuesday, following a controversial Sunday referendum which saw Venezuelan voters approving the ...

In an interview with Invezz, Aldo Contreras, a Venezuelan specialist in International Economic Relations and Former President ...

The once-booming oil industry — the country is home to the world’s largest proven reserves — has been crippled by outdated infrastructure, chronic mismanagement and U.S. sanctions. Advertisement ...

Venezuelans on Sunday for the first time elected a governor and other lawmakers for Essequibo, an oil-rich region that Venezuela has laid claim to even though it is widely recognized as being part ...

Introduction. Venezuela, home to the world’s largest oil reserves, is a case study in the perils of becoming a petrostate. Since it was discovered in the country in the 1920s, oil has taken ...

Venezuela’s president orders creation of new state and map including land from ... The country is set to surpass the oil production of Venezuela, long dependent on its own oil reserves, ...

Venezuelans on Sunday for the first time elected a governor and other lawmakers for Essequibo, an oil-rich region that Venezuela has laid claim to even though it is widely recognized as being part ...