Venezuela assured Beijing that its oil pricing will not be dictated by the U.S. and that Chinese investment in the South American country will remain secure.

Foreign energy companies are facing a legal minefield dealing with PdVSA, which has long been accused of corruption.

Venezuela’s acting President Delcy Rodríguez has signed a law that will open the nation’s oil sector to privatization.

By Marianna Parraga Feb 2 (Reuters) - Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports,

Venezuela’s new oil law legalizes private exports and slashes royalties, yet critics say it favors incumbents and entrenched political insiders.

Venezuelan lawmakers have approved a law change that will make it easier for foreign companies to take part in the country’s oil industry, in a move by Caracas to meet the demands of US President Donald Trump.

By Marianna Parraga, Shariq Khan and Georgina McCartney HOUSTON/NEW YORK, Feb 3 (Reuters) - Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge in Venezuelan crude shipments since last month's flagship $2 billion supply deal between Caracas and Washington,

The US is set to import the most Venezuelan oil in a year after President Donald Trump’s administration moved to control the country’s energy supply.