While not officially taking over Chevron’s assets, Chinese companies like China Concord Petroleum and Anhui Guangda Mining ...

Venezuela has swiftly signed new oil agreements with Chinese and other foreign firms to replace departing U.S. service ...

Chevron's license allowing it to produce and export crude to the US ended in early April and the company was allowed until ...

Venezuela's oil exports remained relatively steady in May, as increased shipments to China offset falling deliveries to U.S.-backed partners.

Venezuela's oil sector now relies heavily on China. The country uses intermediaries and shadow shipping networks to move oil, often disguising its origin to avoid sanctions. This new trade pattern ...

Venezuela’s oil exports have stayed almost the same recently, even though the country is under strong sanctions from the ...

The Venezuelan oil industry also suffered from an estimated ... The CNPC halted direct crude imports from Venezuela in 2019 over threats of secondary sanctions. China is the top destination for ...

The Trump administration is quietly negotiating a high-stakes deal with the Nicolás Maduro regime to allow Chevron to continue exporting Venezuelan oil to the U.S. in exchange for Caracas accepting ...

After reaching a high of $81/bbl on Jan. 15, the spot price of WTI crude fell sharply in April to below $60/bbl, the lowest ...

China’s role in Latin America ... often in exchange for oil and used to fund energy and infrastructure projects. Venezuela is by far the biggest borrower; it has received nearly $60 billion ...