The United States is renewing sanctions on Venezuela's oil industry, after easing some of the penalties for six months in return for assurances the South American country would hold free and fair ...

MIAMI — The Biden administration on April 17 reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months after the U ...

Venezuela’s oil exports held steady in May, despite re-imposed US sanctions. Chatham House research suggests that’s unlikely ...

Chevron, a US company, has joint ventures with Venezuela’s state oil company, PDVSA, and it quickly boosted production to 80,000 barrels per day in 2022. By 2024, the country’s oil production ...

Languages: English, Arabic, German. The United States eased its oil sanctions on Venezuela on Saturday as it authorized Chevron to resume pumping crude oil in the Latin American country and export ...

While not officially taking over Chevron’s assets, Chinese companies like China Concord Petroleum and Anhui Guangda Mining are signing secretive production-sharing deals to operate oil fields and ...

Venezuelan Vice President Delcy Rodriguez declared on Thursday that the recent U.S. move to revoke licenses granted to ...

Chevron's license allowing it to produce and export crude to the US ended in early April and the company was allowed until ...

Iran also offers the cheapest petrol in the world. Following Iran, Qatar ranks third with 23,871 cubic kilometers of natural ...

Venezuela's government is increasing taxes and public service fees on the private sector to alleviate some of the fiscal pressure.

President Nicolas Maduro claimed yesterday that his US counterpart Donald Trump was being “poisoned” by “lies” about ...