Oil prices jumped Wednesday despite the Trump administration announcing it will issue a temporary waiver on a law known as ...

A global diaspora of oil workers holds the key to the country’s recovery, but many still don’t trust the government.

By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS, March 10 (Reuters) - International oil majors Chevron and Shell are ...

Two international oil majors are closing in on the first big oil production deals in Venezuela since the U.S. capture of ...

Chevron and Shell are advancing negotiations for new oil and gas projects in Venezuela as the country opens its energy sector ...

Oil prices increased Wednesday despite President Donald Trump’s suspension of the Jones Act, which regulates shipping. Unleaded gas costs 32 percent more than a month ago.

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Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the ...

Team USA and Venezuela are set to meet Tuesday night in the final of the World Baseball Classic, a fitting showdown between two of the top teams on the field from nations that have a long and tense ...

The United States was informed about plans for an Israeli strike on Iran’s massive offshore South Pars natural gas field Wednesday but did not take part in it, according to a person familiar with the ...

At number one is Venezuela, which holds the title of having the largest proven oil reserves in the world. Despite such an ...