OVL earlier announced importing oil from Venezuela in lieu of stuck dividends worth $600 million. But the company had not received any oil after the lifting of sanctions, said an official.

Days after Venezuela’s Nicolás Maduro declared electoral victory and began cracking down on dissenters, Chevron offered U.S.

There’s Chevron’s continued operation in Venezuela, American detainees stuck in Venezuelan prisons, and Trump’s fresh talk about cutting off Venezuelan oil imports. Just a few years ago ...

Caracas: The United States just took the first steps in pulling back on a four-year-old sanction policy that had strangled oil exports out of Venezuela, home to world-class crude reserves.

Dozens of business figures and politicians have been arrested so far this year in a £17bn corruption scandal that has rocked Venezuela and its state-run oil company. Venezuela's Nicolas Maduro ...

The crisis in Venezuela is another scenario watched closely by oil analysts. Venezuelans have been fleeing the country as economic hardship worsens There is a general sense in markets that ...

Robert Rapier is a chemical engineer covering the energy sector. The Wall Street Journal reported this week that Venezuela's oil output in December fell by 11%, to 1.62 million barrels per day (BPD).