Venezuela has been producing oil since 1914, but what's known as ... because he comes in just at the beginning of this great commodities boom." Chávez spent huge sums of oil money on social ...

Venezuelan President Nicolas Maduro on Wednesday hailed a new beginning in relations with the United States after the election of Donald Trump, despite his first term seeing a break in diplomatic ties ...

In 2017, the Venezuela’s state-run oil firm PDVSA bought 180,250 barrels per day of crude and refined products and reshipped a portion of it to regional allies. Venezuela's imports Oil as a ...

Venezuela's Oil Minister Pedro Tellechea talks to the press in Caracas CARACAS (Reuters) -Venezuelan authorities have arrested former industry and oil minister Pedro Tellechea, Attorney General ...

Venezuela's top prosecutor Monday announced the arrest of a former oil minister and accused him of working with the U.S. government to undermine the industry that drives the country's economy.

OPEC-member Venezuela is one of Latin America's major oil producing countries, but its crude output has fallen sharply during Maduro's more than decade in power due to under-investment as well as ...