Legal uncertainty casts shadow over Venezuelan oil opportunity
Venezuela is thought to have 303bbbl of oil, making it home to the world’s largest proven oil reserves. Credit: PEDRO MATTEY/AFP via Getty Images. The removal of Nicolás Maduro in January marked “an important opening in the way oil business is conducted” for the Venezuelan oil sector, according to Maria Angela Capello, president at Red […]
Aramco Q1 income rises 25% amid CEO’s warning on oil supply
Aramco’s gearing ratio stood at 4.8% as of 31 March 2026. Credit: miss.cabul/Shutterstock.com. Aramco CEO Amin Nasser warned that global oil supplies have declined by an estimated one billion barrels over the past two months as shipping disruptions through the Strait of Hormuz continue to restrict flows. Even if trade routes return to normal, he […]