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Venezuela's reserves rise to 297 billion barrels with heavy oil in the Orinoco Belt and Brazil's capacity is growing.
Gonzalo Ortiz Last Modified: 16 Jul 2011 14:26 GMT Features
Crude falls to under $34 a barrel, while UK calls for action to halt market swings.
Last Modified: 20 Dec 2008 18:57 GMT Business
The Organisation of the Petroleum Exporting Countries (Opec) has lifted oil output limits, but, bumping up against full capacity, it may fail to bring down crude from $55 a barrel.
Last Modified: 15 Jun 2005 16:21 GMT Archive
Oil prices raced to a new all-time peak on Monday, climbing towards $58 a barrel.
Last Modified: 04 Apr 2005 03:25 GMT Archive
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