South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

Explore the differences between shale oil and conventional oil, including extraction costs and methods, and how these impact ...

Summary: Crude moves from the wellhead to market through a sequenced network of flowlines, gathering systems, stabilization and metering, then via pipelines, marine tankers, rail, barges, or trucks.

Refining converts mixed crude oil into specification fuels, petrochemical feedstocks, lubricants, and other products by physical separation, chemical conversion, and product treating/blending. It ...

The physical and chemical differences between these crude types determine how easy they are to refine and their market value.

Following are key facts about the oil and mining sectors of Venezuela, whose President Nicolas Maduro was captured by U.S.