Venezuela's oil exports declined about 10% in July from the previous month as key partners of state company PDVSA awaited U.S ...

According to vessel tracking data and internal company documents, Venezuela’s oil exports dropped around 10% in July from the previous month. The fall comes when major partners of the state oil ...

The licence comes with stringent conditions prohibiting any transfer of oil proceeds to the Venezuelan administration.

Venezuelan officials have dismissed statements from US counterparts that the country will not benefit from Chevron’s activities.

Venezuela's oil and fuel exports dropped in July as companies, including Chevron, awaited US authorizations to resume operations and exports that were halted in May.

ConocoPhillips (COP), the U.S. oil giant, has achieved a significant legal victory in its long-standing battle to recover compensation from Venezuela’s state-owned oil company, PDVSA. Per a ...

Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by ...

Venezuelan state oil company PDVSA's contract to operate Curacao's 335,000-barrel-per-day Isla refinery will end on Dec. 31, despite an earlier agreement to extend the contract by a year, the ...

B y Miluska Berrospi NEW YORK, Oct 10 (IFR) - One of the largest holders of the 2020 bond issued by Venezuelan oil company PDVSA is bracing for a possible default later this month on what is the ...

PDVSA made a $1.1 billion debt payment last month. Shortly after, Venezuelan President Nicolas Maduro said that Venezuela and PDVSA would seek to restructure their debt payments.

PdVSA was already defaulting on debt before sanctions were imposed. The company produces around 700,000 barrels per day, but has few buyers. Its main market, the U.S., doesn’t want it.

Pastor Maldonado, the only Venezuelan driver in the sport, announced earlier this week that he would not be racing this year because his main sponsor, the state-owned oil company PDVSA, fell ...