Oil is the cornerstone of the modern global economy. Despite attempts to divert away from fossil fuels and embrace green energy alternatives, the world marked its highest annual oil consumption in ...

Amid growing instability across multiple regions, governments around the world are increasing their military spending. In 2024 alone, more than three dozen countries spent over $5 billion on national ...

Venezuela remains the world leader in proven oil reserves, thanks to its vast heavy crude deposits in the Orinoco Belt. However, production remains low—averaging 742,000 barrels per day in 2023—due to ...