Venezuela sits atop the world’s largest proven oil reserves and once used them to power Latin America’s strongest economy.

Venezuela's opposition has drafted a broad proposal for energy sector reform that would allow the participation of international companies in a bid to attract support from Big Oil and from the U.S.

US President Donald Trump's threat to strip oil giant Chevron of a license to operate in Venezuela could plunge the troubled ...

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

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

Bolivia's state energy company YBFB will use cryptocurrency to pay for energy imports amid dollar shortages, Reuters has ...

Experts say this move could spell recession for Venezuela, and more people fleeing the country. Read more at straitstimes.com ...

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 ...

which is just east of Venezuela. The Stabroek Block could have as many as 11 billion barrels of oil equivalent in reserves. Hess holds a 30 percent stake in the Guyana block, while Exxon has a 45 ...

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 ...

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 ...