A sculpture of a hand holding an oil drilling rig is pictured outside the state-run oil company Petroleos de Venezuela S.A. (PDVSA) in Caracas on February 26, 2025. (Photo by Pedro MATTEY / AFP) ...

Despite exporting less than 1% of the world's supply of oil, Venezuela has been a key focal point in the energy market for decades. Why? Because the country claims to have the largest reserves of ...

Till date, oil still counts as one of the most essential and strategic products in the world economy. It powers transportation networks, supports industrial production and still defines geopolitics ...

While ranking oil reserves usually seem like a matter of geology and something only people in certain fields would be interested in, recent events have turned this list into a geopolitical roadmap.