The Biden administration will reinstate sanctions on Venezuela's oil and gas sector, accusing the government President Nicolás Maduro of failing to commit to "an inclusive and competitive election." ...

Following US raids on Iranian nuclear sites, concerns about the Strait of Hormuz’s closure have grown. Over 20% of the ...

Additionally, the stiffening of sanctions doesn’t directly impact Chevron, the last major U.S. oil driller in Venezuela, which was allowed to boost shipments thanks to a license it was issued in ...

President Trump’s policy towards Venezuela defies critics who insist that America First must mean principles last. Mackenzie ...

The United States will reimpose sanctions on Venezuela’s oil and gas sector in response to the Maduro government’s failure to allow “an inclusive and competitive election” to take place.

The Biden administration is moving to reimpose oil sanctions on Venezuela, citing a failure of President Nicolás Maduro’s regime to live up to commitments to holding free and fair elections ...

The deals are part of President Nicolás Maduro’s plan to replace Western oil companies after US sanctions ended their licences.

The sweeping sanctions on Venezuela's oil industry were first imposed by the Trump administration in 2019 following Maduro's re-election victory, which the U.S. and other Western governments rejected.

The Trump administration is quietly negotiating a high-stakes deal with the Nicolás Maduro regime to allow Chevron to continue exporting Venezuelan oil to the U.S. in exchange for Caracas accepting ...

Venezuela is preparing to raise gasoline prices by 50% as the government confronts a looming decline in oil revenue following the suspension of operations by Chevron ( CVX) and other foreign energy ...

China is closely watching whether Israel and Iran can broker a ceasefire. Beijing gets much of its crude oil imports from ...