Feb 2 (Reuters) - Venezuelan state oil company PDVSA's workers and retirees are hoping oil-industry reform sparked by U.S. intervention last month will increase the purchasing power of their eroding wages and pension payments,

The reform will undoubtedly be the signature policy of Delcy Rodríguez’s government as it positions the long-crippled oil sector to lure the foreign investment needed to revamp it.

The US is set to import the most Venezuelan oil in a year after the Trump administration moved to control the country's energy supply and pressed oil companies to invest in rebuilding the country's oil infrastructure. President Donald Trump said Saturday he welcomed investment by China and India in Venezuela’s oil industry.

By Amanda Stephenson CALGARY, Feb 4 (Reuters) - Professional engineer Luis Cabana couldn't take a walk in downtown Calgary in the mid-2000s without someone he knew calling out to him in Spanish. Office towers in the corporate heart of Canada's oil and gas sector were at the time heavily populated with Venezuelan expats who had fled persecution and economic stagnation in their home country.

One of the U.S. oil lobby’s top priorities for 2026 will be trying to put an end to the growing number of state laws and lawsuits that could make fossil fuel companies pay billions for their role in the climate crisis.

Venezuela's National Assembly has OK'd easing oil sector regulations, seeking to attract private and foreign investment in the nation's main industry.

A discussion of the US oil and gas industry, focusing on its history, growth, and industry segments. Save valuable time and practice confidently by combining Practical Law’s expert legal content with CoCounsel’s powerful generative AI assistant.

Consumers could continue to see lower gas prices if oil prices decrease in the new year. The U.S. Energy Information Administration is projecting lower oil prices in the first quarter of 2026, though some industry experts are anticipating prices to rise ...

A lawsuit from the state of Minnesota that aims to hold the oil industry accountable for allegedly misleading the public about climate change can move forward, a state appeals court ruled Monday. The ruling inches the case closer to trial after nearly six years of legal challenges.

By Timothy Gardner and Marianna Parraga WASHINGTON, Jan 29 (Reuters) - The Trump administration on Thursday eased some sanctions on Venezuela's oil industry to encourage U.S. investment, after U.S. forces ousted the South American country's President Nicolas Maduro earlier this month.