Chevron CEO Mike Wirth signals the energy giant could significantly ramp up processing of Venezuelan crude at its U.S. refineries, following a pivotal Treasury Department license that eases trade restrictions with Caracas.
Havana denies White House accusations of being a security threat while appealing for constructive talks, as U.S. pressure cuts off vital Venezuelan oil supplies and risks a humanitarian crisis.
Mexico faces a delicate balancing act as U.S. tariff threats targeting nations supplying oil to Cuba pressure a key trading partner to choose between economic interests and regional solidarity.
Prominent Venezuelan human rights defender Javier Tarazona has been released after over four years in detention on charges widely condemned as politically motivated, as the government announces a new amnesty law and the U.S. re-engages diplomatically.
Venezuela has released more than 30 individuals classified as political prisoners, according to a leading rights organization. The move follows the government's announcement of a proposed amnesty law and comes amid mounting international pressure and domestic calls for faster action.
In an exclusive 'Face the Nation' interview, Nobel laureate María Corina Machado discusses Venezuela's future after U.S. intervention, while domestic debates over ICE tactics and a partial government shutdown highlight deepening political divisions.
All known American citizens detained in Venezuela have been freed by the interim administration, marking a significant shift following the political transition after former President Maduro's extradition.
Acting President Delcy Rodríguez announces sweeping amnesty proposal for political detainees and closure of El Helicoide prison, marking significant concessions following the U.S. capture of former leader Nicolás Maduro.
Interim President Delcy Rodríguez announces a broad amnesty law covering decades of political conflict, while critics question the timing and motives behind the move as U.S. influence grows.
Venezuela's government has unveiled a draft amnesty law that could free hundreds of detainees, while announcing the conversion of the infamous Helicoide detention center—long accused of abuses—into a sports and social services facility.
Despite political pressure and vast reserves, U.S. oil majors ExxonMobil and Chevron are taking a cautious stance on new spending in Venezuela, demanding legal stability and fiscal reforms before committing fresh capital, even as they signal long-term interest.
U.S. oil giants ExxonMobil and Chevron hinted at a potential future role in Venezuela's energy revival during earnings calls, emphasizing the need for legal stability and clearer political outcomes before any major commitments. While sanctions ease and new legislation emerges, the path to significant investment remains long and fraught with uncertainty.
ExxonMobil and Chevron signal that significant investment in Venezuela's vast oil reserves hinges on clearer legal and fiscal stability, despite recent political changes and White House pressure.
Chevron is significantly increasing crude exports from Venezuela to the United States, capitalizing on a special U.S. license and growing demand from Gulf Coast refineries, while new competitors enter the recently reopened market.
A U.S. license shift paves the way for Chevron to expand its unique position in Venezuela's oil sector, offering potential upside amid significant political and operational risks.
In a landmark shift, Venezuela's parliament has passed sweeping reforms to its hydrocarbons law, aiming to lure private capital into its crippled oil industry. The move, backed by a new U.S. license, signals a potential turning point for the nation's economy.
The Trump administration has issued a broad license allowing U.S. entities to engage in key oil activities in Venezuela, a major sanctions relief step aimed at jumpstarting the nation's crippled energy industry under its new U.S.-backed leadership.
In a landmark move, Venezuela's parliament has passed reforms to its hydrocarbons law, easing state control and aiming to lure back foreign capital to its struggling oil industry, coinciding with a partial easing of U.S. sanctions.
Once the engine of Venezuela's wealth, the communities around Lake Maracaibo now stand as decaying monuments to the nation's oil collapse. As a controversial U.S. plan promises a $100 billion investment, residents of the ghostly 'oil camps' are caught between desperate hope and deep-seated skepticism.
