Tankers loading at the terminal on the shores of Lake Maracaibo often suffer hull staining because of oil leaks from ...

Tankers are lining up near an old oil port at Venezuela's Western region to load crude cargoes and depart from the South ...

Reduced to a marginal oil producer over the past decade, Venezuela has suffered another blow as United States president ...

A $3.7 billion bid from Red Tree Investments addresses parallel litigation risks but falls short of the total claims and CITGO’s valuation.

Some tankers chartered for Venezuelan exports by US oil major Chevron are instead being marketed for other spot cargoes.

Some tankers Chevron had chartered to move crude from Venezuela to the U.S. this month are now being marketed for spot ...

Venezuela plans to export a new crude blend, 'Blend 22,' to offset revenue losses from U.S. sanctions. The country aims to ...

A second attempt to hold an auction that could determine control of Citgo is moving forward after a federal judge on Monday approved the designation of a $3.699 billion offer as the stalking horse bid ...

Since 2019, US sanctions on Venezuela have necessitated special licences for foreign companies to engage with PDVSA, the ...

A U.S. federal judge has approved a $3.7 billion bid by Red Tree Investments, an affiliate of Contrarian Funds, as the lead ...

Oil and gas group Shell plans to complete a marine survey at Venezuela's offshore Dragon gas field before a U.S.-set May ...

In the coming days, a U.S. Court is expected to confirm and reject a $3.7billion offer made by an affiliate of Contrarian ...