President Trump said "we're going to get the oil flowing the way it should be" after the surprise U.S. attack. Here's what to know about Venezuela's oil sector.

American oil refiners stand to be big beneficiaries if Venezuela's vast crude reserves eventually flow more freely into the world market. Refineries along the Gulf

PALM BEACH, Florida Jan 3 (Reuters) - President Donald Trump said that American oil companies ‌were prepared ​to tackle the difficult task of entering Venezuela and investing to ‌restore production in the South American country, an announcement that came just hours after Nicolás Maduro was captured and removed by U.S. forces.

(Bloomberg) -- The world has spent a decade gorging on fuel from America’s shale basins, and oil prices are topping $100 a barrel. So it might seem an odd time to be contemplating the energy transition. But that's precisely the task facing the small ...

Despite US President Donald Trump's promises of massive investments from American oil companies, Venezuela is unlikely to see a significant increase in crude production for years. The country has the world's largest estimated oil reserves but has seen its output decline over decades due to mismanagement and lack of foreign investment.

With production stalling and oil prices dropping, operators could focus on recovery rates and inventory, analysts say

Venezuela’s oil boom crashed into a 73% economic contraction fueled by extreme subsidies, $300 billion lost to corruption, PDVSA underinvestment, and U.S. secondary sanctions that slashed oil output and deepened collapse.

LONDON, Dec 11 (Reuters) - Oil production in the Permian basin is poised to peak in December, a watershed moment for the U.S. shale boom that upended the global energy market over the past 15 years. Yet drilling innovations mean output in America’s most ...