The entities include West Indies Oil Co. Ltd., an Antigua-based petroleum storage and distribution company of which the government is a majority shareholder, and Fancy Bridge Ltd., a Hong Kong-based ...

Venezuela's state-run PDVSA has put together three operational scenarios as part of a plan to continue producing and exporting oil at its largest JV with Chevron once a license for the U.S. major to ...

PDVSA will continue producing crude oil alone from its joint ventures with Chevron after the Trump Administration revoked the U.S. supermajor's license to operate in Venezuela.

Oil prices rose more than 1% on Tuesday to their highest levels since the beginning of the month, supported by instability in ...

Oil prices rose slightly on Tuesday, supported by instability in the Middle East as well as China's stimulus plans and data, ...

Highlighting ongoing concerns about demand, the other key downside risk for oil, the OECD said on Monday that Trump's tariffs ...

Venezuela's state-run PDVSA has put together three operational scenarios as part of plan to continue producing and exporting ...

Venezuela's PDVSA has formulated three operational plans to maintain heavy oil production with Chevron following the expiration of the current U.S. license. The national company aims to produce up to ...

On March 4, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License 41A, “Authorizing ...

US President Donald Trump’s plan to revoke Chevron Corp.’s operating license in Venezuela threatens to force the nation’s oil sector back into the shadows, paving the way for corruption and ...

And if Venezuelan state oil company PDVSA exports oil previously exported by Chevron, U.S. refineries would be unable to buy it because of American sanctions. The move also could lead to the ...