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Venezuela holds one-fifth of the world’s crude oil reserves

NP
Published: December 14, 2025, 11:22 AM
Venezuela holds one-fifth of the world’s crude oil reserves

The United States has been escalating pressure on Venezuela for months, from Trump's ultimatum demanding that President Nicolás Maduro leave with his family to warnings interpreted as preparations for military action. On 10 December, the US seized a sanctioned oil tanker off the coast of Venezuela, a move that might push oil prices higher and sharply escalated tensions between Washington and Caracas.

Source: The Organization of the Petroleum Exporting Countries (OPEC)
 

crude oil reserves / crude oil / Oil / The Organization of the Petroleum Exporting Countries (OPEC) / TBS / The Business Standard / Venezuela / Saudi Arabia / Iran / Iraq / United Arab Emirates / Kuwait