The U.S. is cooperating with a regime in Venezuela it does not recognize, and it's unclear what role the opposition will play in the future.

It's been over a month since the US ousted Nicolás Maduro, but there is little clarity about what is going on with the Venezuelan oil sector and huge challenge remain

By Nidhi Verma and Jarrett Renshaw NEW DELHI/WASHINGTON, Feb 13 (Reuters) - The United States has issued a general licence to India's Reliance Industries Ltd that will allow the refiner to buy Venezuelan oil directly without violating sanctions,

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

Venezuela’s oil sales, under the control of the United States, are set to bring $5 billion over the next few months, with $500 million in proceeds already transferred to Caracas.

The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now being eased, have stymied development.

US Energy Secretary Chris Wright toured oil producing facilities in Venezuela with its acting president Delcy Rodríguez as the Trump administration moves to control sales of the country’s oil.

MOSCOW, Feb 11 (Reuters) - Russia plans to seek clarification from the United States about new U.S. restrictions on Venezuela's oil business, the Kremlin said on Wednesday. The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela.

Lawmakers say the Trump administration’s secrecy around the funds parked in an overseas bank could lead to corruption, and that the arrangement skirts congressional oversight and the law.

Democrats in Congress have questioned the transparency and legality of depositing Venezuela oil revenue in Qatar.