While the immediate effect on oil market is seen as limited, the change in control over Venezuela's vast oil reserves poses critical implications for heavy crude pricing and long-term supply forecasts ...
Famous as the "Land of Black Gold," this energy-rich nation depends heavily on petroleum to power its economy, support public ...
At conservative current prices, Venezuela’s proven oil reserves carry a notional value of roughly $18 trillion--comparable to the combined market capitalization of Apple, Microsoft, Nvidia, Amazon, ...