The US president wants American energy firms to start extracting the crude but they are reluctant.

The U.S. reset the global oil battlefield in January, removing Venezuelan President Nicolas Maduro and unlocking access to 303 billion barrels of oil—the world's largest proven oil reserves. The move ...

Venezuela's oil revenue will no longer be deposited in an account in Qatar, Energy Secretary Chris Wright told NBC News in an ...

TotalEnergies completely exited its oil and gas operations in Venezuela in 2022, following a strategic shift away from heavy ...

Broken pumps, rusted pipes, ghost towns mark Venezuela's once vibrant oil hub. It will cost billions to restore the industry.

US Energy Secretary Chris Wright vowed Wednesday to power a "dramatic increase" in Venezuelan oil output as part of a plan to ...

By Nidhi Verma and Jarrett Renshaw NEW DELHI/WASHINGTON, Feb 13 (Reuters) - The United States has issued a general licence to ...

Venezuela’s oil sales, under the control of the United States, are set to bring $5 billion over the next few months, with ...

After decades of operating through sanctions and political turmoil, Ensign Energy Services now holds a strategic early-mover ...

By Arathy Somasekhar and Marianna Parraga HOUSTON, Feb 13 (Reuters) - Venezuela's state-run oil company PDVSA has refused to ...

Washington has relaxed sanctions on Venezuela's energy industry since U.S. forces captured President Nicolas Maduro in early ...

The U.S. military has targeted another sanctioned tanker in the Indian Ocean as part of its efforts to track down illicit oil ...