Venezuela, a country in South America, has the largest oil reserves in the world. But over the last few years, the country has faced serious challenges. Corruption, bad management, and tough economic sanctions have made it hard for the country to produce and sell oil.

The Biden administration’s shift to a more pragmatic and strategic approach to Venezuela’s opposition has allowed for the recognition of opposition leaders and the imposition of

The United States issued new Venezuela-related sanctions on Friday, including measures targeting state oil company PDVSA chief Hector Obregon, according to a notice on the Treasury Department's website.

Caracas, January 19 (RHC)-- Despite the illegal sanctions that the U.S. Treasury Department maintains against Venezuela, Chevron Corp. (CVX), a U.S. oil company, filed tax returns for about 300 million dollars to the Bolivarian government last year, as reported by Bloomberg News this week.

On Saturday, the U.S. men’s national team will face Venezuela in Fort Lauderdale, Fla. The friendly is an opportunity for the United States to build positive momentum under new head coach Mauricio Pochettino.

The United States on Friday imposed new sanctions on eight Venezuelan officials and increased to $25 million the reward it is offering for the arrest of President Nicolas Maduro on the day of his inauguration to a third term following a disputed election last year.

Venezuela's oil production is rebounding as tanker ships return to its coast, yet Maduro's recent election is criticized for lack of fairness.

Chevron (NYSE:CVX) filed tax returns worth $300M with the Venezuelan government last year, saying in March 2024 that its ventures owed 8.1B bolivars to the country's tax agency, Bloomberg reported Thursday.

The incoming US administration will weigh arguments from foreign policy hardliners and oil lobbyists to determine its Venezuela approach.

The modest recovery of recent years fails to mask Venezuela’s crisis: a shattered productive structure, poverty levels nearly three times the regional average, and profound inequality

Venezuela's authoritarian President Nicolás Maduro was sworn in for a third six-year term on Friday, following an election that many in the international community and the opposition considered rigged.

The Biden administration announced new sanctions against Venezuelan President Nicolás Maduro and other government officials on Friday — marking its anger with Caracas minutes after Maduro was sworn into office for a third term following an election the U.S. says he didn’t win.