Since the abduction of President Nicolas Maduro last month, the United States government has taken direct control of selling millions of barrels of Venezuelan oil. Venezuela has the largest proven oil ...

The easiest way to misunderstand Venezuela’s oil business is to treat it like a standard industry story, framing it exclusively in terms of reserves, rigs, investment, and output. Those things matter, ...

to US$50 a barrel, The Wall Street Journal reported on Jan 7. A plan under consideration includes the US exerting some control over Venezuela’s state-run oil company PDVSA, including acquiring and ...

Oil prices barely budged after the U.S. ousted Venezuela’s Nicolás Maduro and President Trump pledged billions to revive the country’s oil infrastructure. WSJ’s David Uberti breaks down the market ...

Jan 7 (Reuters) - U.S. President Donald Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president told aides he believes his ...

President Donald Trump late Tuesday said Venezuela will send the U.S. 30 million to 50 million barrels of oil, which will then be sold by the U.S. and the proceeds controlled by him. In a post on ...

President Trump said late Tuesday that Venezuela is going to turn over 30 million to 50 million barrels of oil to the U.S., an announcement that follows the recent operation in which U.S. military ...

A former presiding justice of the anti-graft court Sandiganbayan said the country's laws and institutions against corruption are insufficient to ensure accountability amid the corruption, which she ...