A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.

A U.S. court officer has selected miner Gold Reserve's$7.38 billion bid as the preliminary winner of an auction of shares in ...

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

According to the 2022 BP Statistical Review of World Energy, Venezuela has more proved oil reserves than any other country in the world. Venezuela’s 304 billion barrels of proved reserves just ...

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 ...

The crisis in Venezuela 07:11. Christmas came early this year in Venezuela. The season officially began October 1, as decreed by the country's authoritarian president, Nicolás Maduro.

The once-booming oil industry — the country is home to the world’s largest proven reserves — has been crippled by outdated infrastructure, chronic mismanagement and U.S. sanctions.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

Ten years ago, Venezuela had the fourth-largest economy in Latin America, anchored by the largest oil reserves in the world. Since then, its economy has collapsed by more than 86%.

Following ExxonMobil’s massive 2017 oil discovery offshore Guyana, Venezuela has revived and intensified its claim over the Essequibo region. A series of cross-border attacks on Guyanese troops ...

Almost everyone agrees El Esequibo belongs to Guyana. The problem, now, is the maps. For decades, maps and charts produced by Venezuela have represented the 61,000-square-mile territory — nearly ...

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 ...