By Marianna Parraga Jan 29 (Reuters) - Lawmakers approved in a final vote on Thursday a sweeping reform of Venezuela's main ...

Venezuela's legislature has approved opening the nation's oil sector to privatization. This decision reverses a key principle ...

Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases. By Lisa Friedman Reporting from Washington Venezuela’s oil reserves, thought to be ...

By Arathy Somasekhar and Nathan Crooks HOUSTON, Jan 26 (Reuters) - In a downtown Houston bar, Matthew Goitia, a director at Pelorus Terminals, lays out his early idea to refurbish and build marine ...

WASHINGTON ― Some of America's top oil executives told President Donald Trump their companies aren't ready to invest in oil operations in Venezuela unless major changes are made to ensure the ...

Oil and gas executives answered questions on capital spending and workforce changes in a special questions segment of the fourth quarter Dallas Fed Energy Survey. Oil and gas executives answered ...

Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. The U.S. strike on Venezuela has renewed focus on the country's ...

Oil prices edged lower in early Asian trading on Tuesday as markets weighed the possibility of higher Venezuelan crude output, reinforcing expectations of ample global supply amid weak demand. Brent ...

South American nation’s tar-like oil is what many Gulf coast facilities were built for but ramping up production to 3m barrels a day will be a long game Clustered along the US Gulf coast are some of ...

Venezuela has vast oil reserves, but economist Francisco Monaldi says little changes right away. He explains foreign influence, U.S. companies, and what comes next. GOP lawmakers join Democrats to ...