RE: Bit more carnage3 Jan 2026 13:12
I wonder if this might possibly have a bearing on things? 🤔
As of 2026, Venezuela continues to hold the highest proven oil reserves in the world, with approximately 303 billion barrels.
The majority of these reserves are located in the Orinoco Belt. While Venezuela leads in volume, much of its oil consists of "extra-heavy crude," which is more difficult and expensive to extract and refine compared to the lighter crude found in other top-ranking countries.