Light alkanes are abundant in shale gas resources. The bulk mixed metal oxide MoVTe(Sb)NbO x catalysts play a very important role in dehydrogenation and selective oxidation reactions of these short hydrocarbons to produce high-value chemicals. This catalyst system mainly consists of M1 and less-active M2 crystalline phases. Due to their ability to directly monitor the catalysts under the relevant industrial conditions, in situ/operando techniques can provide information about the nature of active sites, surface intermediates, and kinetics/mechanisms, and may help with the synthesis of new and better catalysts. Sophisticated catalyst design and understanding is necessary to achieve the desired performance (activity, selectivity, lifetime, etc.) at reasonable reaction conditions (temperature, pressure, etc.). This article critically reviews the progress made in research of these MoVTe(Sb)NbO x catalysts in oxidation reactions mainly through in situ/operando techniques and suggests the future direction needed to realize the industrialization of these catalysts.