The price of oil is one of the most closely watched economic trends in the world. It affects the economies of every nation, and petrostates such as Venezuela are highly dependent on oil exports.

Oil prices edged up from two-month lows on Thursday after U.S. President Donald Trump announced a reversal of a license given to Chevron to operate in Venezuela, potentially tightening crude supply.

A series of policy flip-flops between the US and Venezuela is hitting the nation’s bond market with a fresh bout of ...

The move — announced by Trump in a Truth Social post last week — will be a major blow to Venezuela. Chevron produces about a ...

Oil prices rose more than 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trumprevoked a licence ...

Venezuela’s gold reserves dropped by 13% in 2024, ending the year at 53 tonnes, the central bank reported on Friday. In 2023, ...

EIA projects that global oil inventories will decline in second-quarter 2025, driven partly by reduced crude oil production ...

Since Washington first imposed oil sanctions on Venezuela in 2019, PDVSA has relied on little known intermediaries that buy ...

Chevron started talks with the Trump administration earlier this month regarding its business in Venezuela. Chevron is pursuing expansion plans in Venezuela. The immediate concern that is ...

Traders assessed Thursday's upward price movement against the prospects of a peace deal between Russia and Ukraine. "While the Chevron/Venezuela halt to business may pull barrels away from US ...

The Trump administration is preparing to force more companies to stop working in Venezuela, increasing pressure on President ...