The move will allow additional firms to join in the US-controlled effort to sell Venezuela’s oil.

RCP Washington editor Carl Cannon explained why American energy companies might be skeptical to invest in Venezuela when the ...

Venezuela's legislature has approved opening the nation's oil sector to privatization. This decision reverses a key principle ...

Venezuela has the world's largest proven reserves of oil but output has fallen from over three million barrels per day in the ...

Investing.com -- The Trump administration issued a general license expanding the ability of oil companies to operate in Venezuela on Thursday. This move marks a significant step to ease sanctions ...

Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.

Lawmakers adopted a legislation that rolls back decades of tight state control over the sector, paving the way for the return ...

By Marianna Parraga Jan 29 (Reuters) - Lawmakers approved in a final vote on Thursday a sweeping reform of Venezuela's main oil law after sweetening a proposal by interim President Delcy Rodriguez to ...

As the US powers ahead with its plans to recover Latin America’s ‘oil El Dorado’, we explore Venezuela’s environmental and ...

Venezuela moves to privatize its oil industry after U.S. intervention, a shift driven by Trump’s push to reshape energy ...