The Latest Breaking News from PDVSA

Venezuela's President Nicolas Maduro on Monday accepted the resignation of the country's powerful oil minister following the detention of at least six high level officials amid a corruption probe focused on state-run company PDVSA and the judiciary.

Venezuela will contract with an Iranian shipyard to build two oil tankers under an existing construction agreement bedeviled by payment delays and difficulties with needed certifications, Reuters cited people familiar with the matter as saying. This is seen as a challenge to the US sanctions. It comes weeks after the…

A fire halted operations on Wednesday at a coking plant of Petromonagas, a joint venture of the state oil companies of Venezuela and Russia, four sources told Reuters, adding that no one was injured.

Venezuela's political opposition to the ruling Socialists voted on Thursday by a wide margin to remove the interim government led by Juan Guaido, as they seek a united front ahead of presidential elections tentatively scheduled for 2024.

Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from foreign creditors by keeping the details of their release confidential, according to five people with knowledge of the efforts.

Former U.S. lawmaker David Rivera was arrested on Monday on charges of conspiring to launder money and to illegally act as an agent of the Venezuelan government, according to a U.S. official and an indictment.

The license signals an opening for other oil companies to resume their business in Venezuela.

The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition

Venezuelan photographer, Fabiola Ferrero, won the 12th Carmignac Photojournalism Award for her series Venezuela, The Wells Run Dry, documenting the disappearance of the Venezuelan middle class following the collapse of the oil industry.