Venezuela’s oil industry has been in the spotlight since President Donald Trump captured the country’s President Nicolas Maduro

U.S. Energy Secretary Chris Wright said Wednesday that Washington will control sales of Venezuelan oil “indefinitely,” a day after U.S. President Donald Trump announced Venezuela’s interim leaders had...

“If sanctions are lifted in the short term, the Gulf Coast can absorb a substantial portion of that 1 million bpd operationally, but the barrels would clear by pushing out other heavy crudes and compe...