Oil is the backbone of Venezuela’s deeply troubled economy. The country is believed to have the world’s largest oil reserves, but the government of President Nicolás Maduro has struggled to ...

Revoking Chevron’s license in Venezuela could drive oil sales back underground, reducing transparency and benefiting corrupt ...

(Bloomberg) -- One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is ...

Venezuela sits atop the world's largest proven oil reserves and once used them to power Latin America's strongest economy. But corruption, mismanagement and eventual U.S. economic sanctions saw ...

The money has lifted Venezuela's economy, especially its oil-and-banking sectors, which expanded last year. The government take from oil activities covered by all U.S. licenses, to Chevron and a ...

The money has lifted Venezuela's battered economy, especially its oil and banking sectors, which expanded last year. The license cancellation is expected to reduce the dollars on offer in ...

death and economic cost akin to the US-led wars in the Middle East. The recent decision by Donald Trump to revoke licenses that allowed Chevron to export Venezuelan oil is closely linked to rising ...

Marking 60 years of diplomatic ties, Nigeria and Venezuela have pledged to strengthen cooperation beyond oil, including trade ...

WASHINGTON — President Trump said Wednesday that he’s canceling a Biden-era economic reprieve for Venezuela — a move that will cause Caracas to lose roughly 34% of its oil export market.

(Bloomberg) — One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is an oil giant 2,200 miles away: Chevron Corp. The Houston-based company, which ...

The money has lifted Venezuela’s economy, especially its oil and banking sectors, which expanded last year. U.S. Energy Secretary Chris Wright said on Wednesday after Trump’s comments that th ...