U.S. crude oil inventories rose last week by 7.1 million barrels for a second consecutive build, while gasoline stocks fell as demand picked up ahead of the Independence Day holiday. Exxon just warned ...

The bondholders' attorney went to pains to explain that he wasn't asking U.S. District Judge Katherine Polk Failla to interfere with the sale.

BP Flags Hit From Lower Oil, Gas Prices But Expects Production Rebound BP warned lower oil and gas prices would hit its second-quarter performance, but said it expects higher upstream production and a ...

As US sanctions persist and migrants are criminalized, Clodovaldo Hernández examines Trump's seemingly aimless strategy towards Caracas.

Black Lion Citgo Group, a consortium led by private equity firm Black Lion Capital Advisors, submitted an $8 billion all-cash bid for the parent of Venezuela-owned U.S. refiner Citgo Petroleum as ...

Dive into the murky world of corruption as we explore the top 7 countries struggling with integrity issues, alongside 3 nations that stand out for their trustworthiness. It's a surprising journey ...

Bondholders owed some $1.7 billion by Venezuela seek to derail Citgo’s latest bidder.

Gold Reserve’s $7.38B bid for Citgo wins court support, with assurances that Houston-based jobs and operations will remain ...

A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.

Holders of some defaulted Venezuelan bonds are seeking to block a bid to purchase Citgo Petroleum Corp.’s parent company, as they claim the transaction would strip them of their rights for payment.

A U.S. court officer has selected miner Gold Reserve's $7.38 billion bid as the preliminary winner of an auction of shares in ...

If Venezuela, which owns 100% of the refiner and its U.S.-based parent companies, fails to retain some equity, it would lose its most significant overseas asset.