The Trump administration is considering granting new authorizations to key partners of Venezuela's PDVSA, including Chevron, enabling them to operate under certain limitations in the sanctioned nation.

Oil prices were stable on Friday, as trade talk optimism supported the outlook for both the global economy and oil demand, balancing news of the potential for more oil supply from Venezuela.Brent crude futures were up 38 cents,

Oil prices rose on Friday as trade talk optimism supported the outlook for both the global economy and oil demand, outweighing news of the potential for more oil supply from Venezuela. Brent crude futures touched a one-week high and were up 20 cents,

By Alexandra Ulmer and Marianna Parraga CARACAS/HOUSTON (Reuters) – Decisions at some joint ventures with foreign firms are delayed. A growing number of oil tankers sit idle because no one ...

— -- La VICTORIA, Venezuela — Beatriz Rodriguez sits in a long line under a sweltering sun, waiting for state oil company Petróleos de Venezuela to deliver cylinders of natural gas she ...

The Trump administration is reportedly considering granting limited authorizations to a handful of oil companies operating in Venezuela, with Chevron first in line

The U.S. government is evaluating the possibility of authorizing Chevron and potentially other European partners of PDVSA to operate in Venezuela, marking a potential policy shift. This comes as the U.