Venezuela holds the world’s largest oil reserves, but turning that oil into real supply is another story. From collapsing infrastructure to billion-dollar rebuild costs and political uncertainty, experts say there’s no quick fix. This is why Venezuela’s oil won’t hit markets anytime soon.

Trump’s Oil Bet Meets Hard Economics

Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang on to power in the face of U.S. threats of more military action.


Venezuela oil exports grind to halt, global oil supplies offset disrupted 

Russia is winning the sanctions game. The sanctions aimed to reduce the inflow of petro dollars which is the key to financing the war against Ukraine. However, Russia's oil revenue rose 50% in May.

Russia's crude prices rise as the nation adapts to sanction |

Russia has ordered a temporary ban on gasoline exports. The six-month ban on gasoline exports will start from March 1. The ban aims to keep prices stable amid rising demand from consumers & farmers

Why has Russia halted gasoline export for 6 months?

India has put $ 37 billion into Moscow's coffers with unprecedented purchase of Russian oil at a time it is locked in a war with Ukraine. Watch in for more details!

Russia's shifting oil export trends

Russia’s oil exports hit a three-year high in March despite Western sanctions

Putin issues decree banning Russian crude oil exports to countries that imposed price cap

Since the beginning of Vladimir Putin's war in Ukraine, the West has been escalating its offenses in terms of sanctions against Moscow. Western leaders vowed to hit Russia hard. It was oil that was the West's number one target.

Russian oil continues to flow in Britain | Western Hypocrisy

Venezuela resumes oil exports to Europe as Russia-Ukraine war triggers high gas prices: Report

Iran oil exports unaffected by US seizing tankers, says minister

President Biden’s advisers are discussing a possible visit to Saudi Arabia this spring to help repair relations and convince the Kingdom to pump more oil. WION's Susan Tehrani brings you more insights.

Reports: Biden advisers weigh Saudi Arabia trip for more oil

Iran must resist US sanctions through oil, non-oil exports: Iran President Rouhani

Venezuela suspends oil exports to India

US set to become net exporter of oil: International energy agency

Crude oil is trading at the highest since late 2014, underpinned by a supply-cutting deal among the Organization of the Petroleum Exporting Countries plus Russia and other non-members, and strong global demand

Oil rises towards $80 as supply concerns mount

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