The Trump administration awarded $500 million in contracts for Venezuelan oil sales to two firms with a history of bribery and corruption.

Venezuela’s acting President Delcy Rodríguez has signed a law that will open the nation’s oil sector to privatization.

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Venezuela’s riches were squandered, souring many on national stewardship.

Venezuelan lawmakers have approved a law change that will make it easier for foreign companies to take part in the country’s oil industry, in a move by Caracas to meet the demands of US President ...

The deal with Carlyle comes after the United States and the European Union imposed sanctions on Lukoil, putting a dent in the Kremlin’s oil revenue.