Skip to content
EnergyEnergy: changes to oil or gas supply can affect Gulf export revenue and Kuwait fuel costs.

Experts cast doubt on Venezuela’s longtime claim of 300 billion barrels of reserve oil

Associated Press •
Energy · Channel artwork

The News

An AP News report states that experts are casting doubt on Venezuela's long-standing claim to hold about 300 billion barrels of oil in reserves. The dispute centers on the accuracy of the country's officially reported reserve figures, a number that has underpinned Venezuela's standing as one of the…

Earlier coverage

Earlier coverage on GreyNews

  1. Stocks Slip After Mixed Megacap Results, Oil Rises: Markets WrapOct 21, 2026 · Bloomberg
  2. Latest Oil Market News and Analysis for Oct. 22Oct 21, 2026 · Bloomberg
  3. India’s Top State Refiner to Reduce Middle East Term Oil PurchasesOct 21, 2026 · OilPrice
  4. Higher Oil Availability Pressures Middle East Crude BenchmarksOct 21, 2026 · OilPrice
  5. Stocks Rise With US Futures on AI Trade, Oil Gains: Markets WrapOct 20, 2026 · Bloomberg

What we don't know yet

Present the experts' alternative estimate or a comparative baseline (e.g., proved versus recoverable barrels) alongside the 300 billion figure so the number is not left as the sole reference point.

Read the full story at Associated Press
Listen to audio summary
0:00 / 0:00

How solid is this

1 source0 claims foundnot checked yet