Venezuela holds the world’s largest proven oil reserves, controlling more of the vitally important natural resource than any other nation, according to recent data.

Oil prices fell on Wednesday as U.S. President Donald Trump's plan to refine and sell Venezuelan crude oil raised concerns about the long-term impact of the U.S. actions, while major stock indexes wer...

Venezuela will be "turning over" between 30 and 50 million barrels of "sanctioned oil" to the U.S., Trump said in a social media post.