Venezuelan crude is flooding back into American refineries at levels not seen in nearly a decade, and one oil major has quietly positioned itself to capture more of that surge than any other company ...

Exxon Mobil is closing in on a return to Venezuela nearly two decades after Hugo Chavez seized its operations there, and the ...

Continental Resources signed a deal with PDVSA to develop the Ayacucho 2 Block, holding an estimated 30 billion barrels in ...

Delcy Rodríguez praised U.S. oil deals at the UN and appeared with President Trump after U.S. forces captured Nicolás Maduro, ...

Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop ...

Hamm is in Trump’s inner circle and has advised the president on energy issues to benefit his business ventures, including ...

Alejandro Betancourt was previously wanted by authorities in Switzerland as part of a money-laundering investigation ...

CNBC was one of just a handful of news organizations allowed to travel to Caracas with the U.S. secretary of energy.

White House spokesperson Taylor Rogers said the Trump-Venezuela oil pact "will greatly benefit both the United States and Venezuela for years to come. This historic deal marks a major step toward ...

The Trump administration’s deal with a private oil company to increase oil production in the South American country could take many years to come to fruition.

Venezuela holds enormous oil reserves, but much of its crude is so thick it barely moves. Engineers had to solve extreme ...