The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping ...

Venezuela's relationship with the United States shifted dramatically from a staunch Cold War ally and key oil supplier to a ...

President Donald Trump said one reason that the U.S. will “run” Venezuela and “indefinitely” control its oil sales is because ...

Coaxing US oil companies back to investing in Venezuela won’t be as easy as it seems to Donald Trump. President Donald ...

Venezuela's legislature is debating a bill to reduce state control over its oil sector, opening doors to private investment.

U.S. President Donald Trump has ignited a contentious debate over who has the right to control Venezuela’s vast oil reserves.

When Hugo Chavez nationalized Venezuela’s oil industry and created a huge welfare state funded by declining oil revenues, he ...

Outside of political turmoil and military oversight, nothing about Venezuelan production is cheap or easy. I ...

President Trump has said Venezuela "unilaterally seized and sold American oil." But the history between the countries is far ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. Venezuelan President Nicolas Maduro speaks to supporters as he ...

Houston oil giants Exxon Mobil and ConocoPhillips were among the energy companies pushed out of the country, costing them ...