Chevron has been granted a restricted U.S. license to operate in sanctioned Venezuela, three sources close to the decision ...

Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to ...

About half a dozen international oil companies are waiting on U.S. government authorization to resume operations in Venezuela ...

Chevron (NYSE:CVX) and other foreign partners of Venezuela's state-owned PDVSA oil company are still awaiting authorizations ...

Chevron has received a restricted U.S. license allowing operations in Venezuela, with conditions preventing oil proceeds from ...

This development could constitute a departure from the pressure strategy that the US has maintained this year against ...

In a marked shift in U.S. policy toward Venezuela, the Trump administration has quietly approved a new license allowing oil ...

Venezuela produced 1.01 million barrels per day (bpd) of crude from January through November 2019, according to data reported to OPEC. Industry sources estimated it was at least 20% less.

Venezuela has some of the world's largest reserves of oil, but its crude output remains at a fraction of what it was a decade ago after a lack of investment, mismanagement at PDVSA and U.S ...

Venezuela's state-run oil company Petroleos de Venezuela [PDVSA.UL] has cut crude production at several locations and its main crude blending plant has been operating intermittently this month due ...

Late payments have led tanker operators to halt around 18 vessels needed to carry oil and refined products, two sources said. PDVSA's crown jewel, Texas-based Citgo, has not been spared.

Venezuela was Chevron’s third-largest provider of crude oil in 2018, following domestic sources and Mexico. Venezuela accounted for the largest share of Chevron’s expansion in shipments, at ...