Tag Archives: crude reserves

New York, U.S. | Xinhua | Oil prices dropped on Thursday as the United States announced a record release from the nation’s crude reserves. The West Texas Intermediate for May delivery lost 7.54 U.S. dollars, or 7 percent, to settle at 100.28 dollars a barrel on the New York Mercantile Exchange. …

Paris, France | AFP | Venezuelan oil output has plunged by more than half in 30 years but the country still sits on the world’s biggest crude reserves, so any political changes will ripple worldwide. The country holds 17.9 percent of proven oil reserves, ahead of Saudi Arabia at 15.7 percent, …