Oil is the backbone of Venezuela’s deeply troubled economy. The country is believed to have the world’s largest oil reserves, ...

Chevron currently produces and exports almost a quarter of the million barrels per day from Venezuela, the country with the world's largest known oil reserves. The company had only resumed ...

Venezuela's opposition has drafted a broad proposal for energy sector reform that would allow participation of international ...

The revocation of gas and oil licenses ends a financial lifeline for Venezuela, with catastrophic consequences.

The move — announced by Trump in a Truth Social post last week — will be a major blow to Venezuela. Chevron produces about a ...

That day, President Biden allowed Chevron to pump oil in Venezuela. The country has the largest oil reserves of any single nation, but U.S. sanctions and lack of investing funds have limited Venezuela ...

Treasury is preparing to take action to wind-down General License 41 and other specific licenses as appropriate,” the Office ...

Chevron currently produces and exports almost a quarter of the million barrels per day from Venezuela, the country with the world's largest known oil reserves. The company had only resumed ...