While not officially taking over Chevron’s assets, Chinese companies like China Concord Petroleum and Anhui Guangda Mining ...

The downsides of energy independence.

Venezuelan opposition leader María Corina Machado, currenty in hiding in her country, is touting a major economic reform plan ...

Denying authorization to American oil companies in Venezuela will only create a vacuum filled by countries hostile to the ...

Venezuela is preparing to raise gasoline prices by 50% as the government confronts a looming decline in oil revenue following the suspension of operations by Chevron ( CVX) and other foreign energy ...

A burst of gunfire shattered the stillness along the Cuyuní River when soldiers from the Guyana Defense Force came under ...

Venezuela’s oil exports remained relatively steady in May, asincreased shipments to China offset falling deliveries to ...

Venezuela's government is increasing taxes and public service fees on the private sector to alleviate some of the fiscal pressure.

that had allowed them to export Venezuelan oil under U.S. sanction exemptions. It also imposed secondary tariffs on Venezuela's oil buyers. Analysts estimate these actions could reduce the OPEC ...

Venezuela hikes taxes to offset oil revenue loss Private sector faces audits, fines, and increased fees, sources say Conindustria survey: 77% cite taxes as main business obstacle June 2 (Reuters ...

Dubai’s remarkable transformation from an oil-dependent economy to a global business and tourism powerhouse is a story of strategic vision, diversification, and innovation. Unlike Venezuela ...

Despite the U.S. Department of the Treasury’s decision on May 27 to cancel licenses for transnational oil firms active in Venezuela, the nation’s oil fields continue to produce according to ...