The federal Chapter 9 bankruptcy declaration by the Puerto Rican (PR) government in May 2017 was the first time a US ...

Oil smuggling remains highly profitable despite sanctions on Russia, Iran, and Venezuela, which together produce about 16 ...

Unless Western governments are ready to accept higher prices, Russia, Venezuela and Iran will continue to evade sanctions ...

Most Venezuelan expats would not return voluntarily unless Maduro stepped down, and millions more say they’ll flee if he ...

Oil futures on Wednesday marked their lowest settlement prices of the year, after official U.S. data showed a weekly climb of nearly 9 million barrels in U.S. crude inventories and as the U.S.-China ...

Primary oil recovery is limited to hydrocarbons that naturally rise to the surface, or those that use artificial lift devices, such as pump jacks ... First applied in Venezuela in the 1960s ...

For example, conflicts or unrest in countries such as Iraq, Venezuela, or Russia can disrupt the supply of crude oil and lead to an ... have higher prices at the pump. Finally, the level of ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

Chevron is holding talks with the Trump administration amid calls by top Republican officials for the company to exit the ...

Politically connected Florida magnate Harry Sargeant III has made a fortune off oil and asphalt deals worldwide.

Jamie Kelter Davis for The New York Times Further U.S. policy changes could involve the lifting of sanctions on Venezuela’s vital oil sector and the return of direct commercial flights between ...