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International organization of petroleum-exporting countries
U.S. crude oil production was higher on average during the Biden presidency than under Trump, and grew to record levels despite Biden’s climate-oriented policies; however, gasoline prices during Biden...
Venezuela is widely reported to hold the largest *proven* crude oil reserves in the world, commonly cited around , a figure repeated by multiple industry and data compilations. The headline number is ...
Venezuela is widely reported to hold the world’s largest proven oil reserves, with recent tallies clustered around roughly 297–303 billion barrels of "proven" reserves and broader estimates of technic...
Average retail gasoline prices during Donald Trump’s presidency (2017–2021) sat in the mid-to-high $2 per gallon range annually, lower than the highs reached in 2022 but similar to or slightly below a...
Across the two administrations the national average retail price of regular gasoline was lower under George W. Bush’s eight years (about $2.13/gal) than under Barack Obama’s eight years (about $2.96/g...
Venezuela holds the world’s largest proven oil reserves—about 303 billion barrels—which gives it outsized geopolitical leverage within OPEC even though production has been sharply reduced to under 1 m...
U.S. gasoline production and refining capacity have been shaped more by market forces and long-term industry trends than by single administrations, while both Biden and Trump enacted policies that inf...
Enhanced oil recovery (EOR) can materially increase what counts as "recoverable" oil because proven reserves are defined by the technology and economics available to extract them ; however, current re...
The national average retail price for regular gasoline around the time President Trump took office in January 2017 was roughly in the $2.35–$2.41 per gallon range, with the Energy Information Administ...
Venezuela’s reported proven oil reserves surged from roughly 80 billion barrels in the mid‑2000s to about 300–303 billion barrels by 2014 and have stayed at roughly that level through at least 2024 in...
A U.S. naval blockade of sanctioned Venezuelan oil tankers would sharply curtail Caracas’s hard-currency lifeline and could “devastate” the Venezuelan economy, forcing storage bottlenecks and producti...
Between 2017 and early 2020 OPEC+ production coordination coincided with upward pressure on global crude prices and, through that channel, on U.S. gasoline: academic analysis finds the coalition raise...
Multiple analyses identify a mix of global market forces and U.S. policy actions as drivers of gasoline prices in early 2021. The available briefings disagree on weight and causation: some emphasize ,...
U.S. decision to resupply Israel during the October 1973 Yom Kippur War triggered a sharp rupture with key Arab oil producers and was the proximate cause cited by Arab OPEC/OAPEC members for imposing ...
Gasoline prices during Donald Trump’s time in the White House have moved with global markets and shocks rather than clear presidential control: prices plunged to pandemic-era lows below $2/gal in 2020...
OPEC and the U.S. Energy Information Administration (EIA) both report “proven” oil reserves but use different reporting chains, definitions and data sources, which produces persistent discrepancies ra...
Venezuela’s stated hydrocarbon and mineral “reserves” have been presented very differently since 2000: an early-2000s expansion and reclassification of heavy and extra‑heavy oil into “proven” categori...
OPEC’s country-by-country reserve tallies rely heavily on official member submissions and an ASB compilation that often blends conventional crude with oil sands, condensates and some NGLs, producing r...
Venezuela holds the largest measured stock of proven oil reserves in the world, with roughly 303 billion barrels reported in recent datasets, ahead of Saudi Arabia and other major producers . That geo...
Venezuela is widely reported to hold roughly 303 billion barrels of proven oil reserves—about 17% of the world’s total—making it the largest single country reserve holder on most official tallies . Es...