Venezuela’s acting President Delcy Rodríguez has signed a law that will open the nation’s oil sector to privatization.

Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.

The United States will allow Venezuela to sell oil that's currently under American sanctions and use the proceeds to pay for ...

The Senate blue ribbon committee will resume its hearing on flood control projects on January 19 at 1 p.m., chairperson Senator Panfilo "Ping" Lacson said Sunday. In an interview with Super Radyo dzBB ...

WASHINGTON (AP) — U.S. forces boarded another oil tanker in the Caribbean Sea on Friday, the U.S. military said, as the Trump administration targets sanctioned tankers traveling to and from Venezuela ...

President Trump said that Venezuela will sell up to 50m barrels of sanctioned oil to the US (which could also put immediate pressure on Canadian crude oil flows to the US). Inventory data from the ...

WASHINGTON – President Donald Trump said the United States would extract oil from Venezuela and market it globally for years, in an interview with the New York Times. “We will rebuild it in a very ...

The Energy Department said today the only oil going in and out of Venezuela will be that that goes through *** US approved channel, and we are hearing administration officials from here at the White ...

Oil prices barely budged after the U.S. ousted Venezuela’s Nicolás Maduro and President Trump pledged billions to revive the country’s oil infrastructure. WSJ’s David Uberti breaks down the market ...

The White House has said it aims to control sales of Venezuela's oil "indefinitely" as the Trump administration draws up plans for US oil companies to return to the nation. Mr Trump first announced on ...

Washington — Secretary of State Marco Rubio said Wednesday that the Trump administration has "tremendous leverage" over Venezuela because of the U.S. "quarantine" of sanctioned oil, and said the U.S.