The emerging framework includes separate deals involving Chevron, private oil operators and, most unusually, a direct U.S. government investment in a Venezuelan-focused energy company.

Inside Venezuela’s new U.S.-backed oil deals. Why oil above $100 and diesel near $6 are putting refining capacity in focus. The Wall Street outlook for crude, energy stocks, inflation, and interest rates. In this article SUBSCRIBE TO CNBC'S "POWER ...

Energy Secretary Chris Wright says the Trump administration is tapping Venezuela's 300 billion barrels of oil reserves to grow supply and cut prices.

Chevron Corporation (NYSE:CVX) announced on September 2 that it will invest more than $7 billion in Venezuela over the next five years to double its oil production in the country ​to about 600,000 barrels per day.

Venezuela oil deal covers 17 fields under hundred-year concessions, through a company 35% owned by the Pentagon. No contract text has been

By Georgina McCartney, Marianna Parraga and Arathy Somasekhar HUMBLE, Texas, Sept 14 (Reuters) - In the sweltering heat in Humble, Texas, just outside Houston, two workers were flattening out a yard with heavy compaction rollers,

Fred Ehrsam, a Trump administration ally and co-founder of Coinbase, lived for months in a luxury Caracas hotel pursuing investments in Venezuela.

Venezuela’s oil industry recovery has stagnated in recent months, notwithstanding pro-business reforms and rising global prices. OPEC’s latest monthly report placed the Caribbean nation’s August production at 1.