The Trump administration eases some sanctions on Venezuela’s oil sector, allowing US companies to invest, but excludes firms ...

The Trump administration has eased select sanctions on Venezuelas oil industry, signaling a major policy shift aimed at ...

By Timothy Gardner and Marianna Parraga WASHINGTON, Jan 29 (Reuters) - The Trump administration on Thursday eased some ...

The new policies mark a shift toward normalizing relations following Maduro’s capture earlier this month.

This used to be one of the world's most productive oil basins, and along with the city of Maracaibo, across the lake, is seen ...

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.

The U.S. announced sanctions in October on Lukoil and Rosneft in an effort to tighten financial pressure over Russia's war in ...

Russian oil company Lukoil plans to sell its international assets to U.S. private equity firm Carlyle Group, Lukoil said ...

Reliance Industries will sharply reduce its imports of Russian crude to comply with U.S. sanctions and ease trade tensions ...

U.S. private equity firm Carlyle Group has agreed to buy most of Lukoil's foreign assets, initially valued at $22 billion by ...

India's Reliance Industries Ltd , operator of the world's largest refining complex, will buy up to 150,000 barrels per day of ...

Russia’s defense industry is poised to slow sharply this year as the Kremlin opts to prioritize economic stability and balancing finances over further increases in spending on the war in Ukraine.