Venezuela, a country in South America, has the largest oil reserves in the world. But over the last few years, the country has faced serious challenges. Corruption, bad management, and tough ...

Venezuela holds the largest oil reserves of any OPEC country outside the Middle East. Saudi Arabia has proven reserves of 260 billion barrels. Categories: Economy , Energy & Oil , Latin America .

Venezuela’s bout with hunger is striking given that the nation had one of the highest standards of living in the region just a few decades ago thanks to its formerly abundant oil wealth. Just ...

Venezuela boasts the largest proven oil reserves in the world, and US refiners are chewing through Venezuela’s heavy crude at an increasing pace, reaching a six-year high in December to 300,000 bpd.

Caracas: The United States just took the first steps in pulling back on a four-year-old sanction policy that had strangled oil exports out of Venezuela, home to world-class crude reserves.

Venezuela sits atop the world's largest proven oil reserves and once used them to power Latin America's strongest economy. But corruption, mismanagement and eventual U.S. economic sanctions saw ...

All passengers would undergo a criminal record check, with those arrested for immigration violations in the United States ...