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

Naman Wakil, who faced foreign corruption charges in Miami, died in 2023. But the feds still seized his tainted profits.

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.

Chevron Corp. filed tax returns worth about $300 million with the Venezuelan government last year, raising questions about how much President Nicolás Maduro is benefiting from the US company’s oil production in spite of sanctions.

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.

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.

Much of Venezuela’s success stems from Washington's leniency under President Biden, who issued individual licenses that enabled Chevron and other partners to ship Venezuelan crude stateside.

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.

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 US driller has two other ventures with PDVSA and holds a minority stake in all four. Venezuela’s hydrocarbons law also compels companies to pay a third of their production in royalties ...

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.