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

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 ...

Carolyn Cui formerly wrote about the fixed income market from The Wall Street Journal's New York office. Her coverage area included the U.S. Treasury market, interest rates and investment trends in ...

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

Trump has sought to accelerate deportations of Venezuelan migrants, sending them by the planeload to Venezuela, El Salvador, Honduras, and even the U.S. naval base of Guantánamo Bay.

Some tankers Chevron had chartered to move crude from Venezuela to the U.S. this month are now being marketed for spot ...

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

Venezuela will begin exporting a new medium crude blend this month as part of a marketing strategy to avoid a collapse of its ...

A second attempt to hold an auction that could determine control of Citgo is moving forward after a federal judge on Monday approved the designation of a $3.699 billion offer as the stalking horse bid ...

This month, the Trump administration revoked a 2023 licence for Shell and NGC to pursue the Dragon field project.

A U.S. federal judge has approved a $3.7 billion bid by Red Tree Investments, an affiliate of Contrarian Funds, as the lead ...

Shell, the oil and gas company, plans to finish a marine survey of the offshore Dragon gas field in Venezuela before the May ...