About a half dozen foreign partners of Venezuela's state-owned oil company PDVSA are awaiting authorizations from the U.S.

Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to ...

By Marianna Parraga, Matt Spetalnick and Timothy Gardner HOUSTON/WASHINGTON (Reuters) -The United States is preparing to ...

In a marked shift in U.S. policy toward Venezuela, the Trump administration has quietly approved a new license allowing oil ...

This development could constitute a departure from the pressure strategy that the US has maintained this year against ...

The Trump administration is considering easing sanctions to allow Chevron and other partners to operate in Venezuela under ...

Venezuela has some of the world's largest reserves of oil, but its crude output remains at a fraction of what it was a decade ago after a lack of investment, mismanagement at PDVSA and U.S ...

Venezuela's state-run oil company Petroleos de Venezuela [PDVSA.UL] has cut crude production at several locations and its main crude blending plant has been operating intermittently this month due ...

Venezuela produced 1.01 million barrels per day (bpd) of crude from January through November 2019, according to data reported to OPEC. Industry sources estimated it was at least 20% less.

Venezuela's crude exports fell 6 percent in May to 1.168 million bpd following U.S. ConocoPhillips' (COP.N) legal actions to seize PDVSA's assets in four Caribbean islands, according to Reuters data.

U.S.-sanctioned Venezuela and Iran had a swap agreement that allowed PDVSA to import crude and condensate between 2021 and 2023 and use them as diluents for its heavy oil.

Venezuela was Chevron’s third-largest provider of crude oil in 2018, following domestic sources and Mexico. Venezuela accounted for the largest share of Chevron’s expansion in shipments, at ...