Chinese refiners are being offered Russian ESPO crude at discounted prices as rising concerns over U.S. sanctions create ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

Unless Western governments are ready to accept higher prices, Russia, Venezuela and Iran will continue to evade sanctions ...

Venezuela produced about 20% of Venezuela’s oil in 2024, close to Maduro’s goal of 1 million barrels per day. Chevron is the only major oil producer with a waiver to operate in Venezuela ...

Venezuela's oil production is rebounding as tanker ships return to its coast, yet Maduro's recent election is criticized for lack of fairness. Things seemed to be looking up for Venezuela in 2022.

(Reuters) - Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major Chevron Corp from its joint ventures with state firm PDVSA ...