The Latest Breaking News from PDVSA

Venezuela's PDVSA is reportedly planning to speed up crypto adoption in oil transactions after the U.S. Treasury announced it will reimpose sanctions on the country's vast oil sector.

Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms.

Venezuelan firm A&B Investments is set to partner with state-run PDVSA to run fields in the Orinoco Belt before U.S. sanctions go back in place

Venezuelan authorities announced the arrest Tuesday of influential ex-oil minister Tareck El Aissami, who had resigned from his post last year amid a corruption scandal at state oil company PDVSA. "We have managed to reveal the direct participation and consequent arrest" of El Aissami, Attorney General Tarek William Saab said,…

"Chavez lives, damn it!" At 16:25 every day a soldier shouts out: "Chavez lives, damn it!"

The easing of sanctions in Venezuela has renewed interest in Venezuela

On paper, the easing of US oil sanctions against Venezuela should allow its battered economy to once again profit from a resource it has more of than any country in the world.

Maduro assured that the inflation will be two digits this year, adding that state oil company PDVSA contributed $6.23 billion to Vanezuela's coffers in 2023.

Maduro’s annexation threat is only the latest move on a chessboard stretching back to the 15th century. The outcome could reverberate throughout Latin America and the Caribbean

ExxonMobil and Chevron are both waiting to see what happens next for Guyana, as a dizzying set of competing incentives come into play.

Guyana's president tells The Associated Press his country is taking every necessary step to protect itself from a potential incursion by Venezuela, which has ordered its state-owned companies to explore and exploit oil and minerals in Guyana’s vast Essequibo region that it considers its own