How oil once made Venezuela rich, but not its people Venezuela has the largest oil reserves in the world, but some of the people there earn less than $4 a month.Share this: Mexico’s oil industry faces new pressures from Venezuela oil under USDateJanuary 29, 2026In relation toAl-JazeeraVenezuela after Maduro: Oil, power and the limits of interventionDateJanuary 5, 2026In relation toAl-JazeeraUS seizes second oil tanker off VenezuelaDateDecember 21, 2025In relation toAl-Jazeera