Venezuela's gold reserves have drastically dropped as a result of the government's misuse of the metal to secure loans, settle debts, and infuse foreign currency into its economy amid a severe economic crisis and U.S. sanctions, according to Reuters.

By Arathy Somasekhar and Jonathan Saul HOUSTON/LONDON, Jan 16 (Reuters) - The U.S. government is not currently considering using Venezuelan oil in an exchange with U.S. oil companies to refill the country's Strategic Petroleum Reserve,

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?

When U.S. forces entered Venezuela earlier this month and removed President Nicolás Maduro, officials framed the intervention as a strategic economic opportunity. President Donald Trump repeatedly pointed to the country’s oil reserves and rare earth minerals,

Despite claims of holding the world’s largest oil reserves, Venezuela’s resources are overwhelmingly extra heavy crude that is economically unviable at current prices, making a rapid production revival highly unlikely.

The Strategic Petroleum Reserve could be damaged if sulfur-rich Venezuelan crude is pumped into its salt domes.

Despite geopolitical upheaval, sanctions, and military action, this South American state's proven oil reserves remain colossal.

President Donald Trump has signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba, a move that puts pressure on Mexico