Venezuela plans to export a new crude blend, 'Blend 22,' to offset revenue losses from U.S. sanctions. The country aims to ...

UK broker Braemar is predicting an oversupply of crude tanker tonnage in the Atlantic as Venezuela halts exports to the US.

CVX's Venezuelan oil shipments halted by PDVSA amid payment uncertainty due to U.S. sanctions derails its plans to export oil ...

Reduced to a marginal oil producer over the past decade, Venezuela has suffered another blow as United States president Donald Trump ordered punitive measures to blockade and further restrict the ...

A $3.7 billion bid from Red Tree Investments addresses parallel litigation risks but falls short of the total claims and CITGO’s valuation.

HOUSTON (Reuters) -Some tankers Chevron had chartered to move crude from Venezuela to the United States this month are now ...

President Donald Trump is taking credit for Venezuela’s mounting financial crisis, attributing the Nicolás Maduro regime’s ...

The U.S. Treasury Department gave the companies until May 27 to wind down operations in Venezuela and complete shipments. Since the announcement, PDVSA has been doing preparations to reorganize ...

Some tankers chartered for Venezuelan exports by US oil major Chevron are instead being marketed for other spot cargoes.