The Trump administration said it had an agreement with Venezuela’s government, but the country’s state-owned oil company said negotiations were underway.

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

Petróleos de Venezuela said the talks were "within the framework of the commercial relations that exist between both countries."

Major U.S. oil companies to invest $100 billion rebuilding Venezuela's energy sector following Maduro's capture, Trump announces at White House meeting.

Environmental experts warn that U.S. plans under President Donald Trump to restart and control Venezuelan oil exports could intensify pollution, greenhouse gas emissions and ecological damage in a country already burdened by decades of oil-related degradation.

Here are the basic questions about what happened on Jan. 3, the context you should know, and where things could go next, answered.

The Olina is the fifth tanker that has been seized by U.S. forces as part of a broader effort by President Donald Trump’s administration to control the distribution of Venezuela’s oil products globally following the U.

There is no doubt that the invasion of Venezuela is about oil. Trump said so himself. Using the charge of narco-terrorism against Maduro is a pretext for holding a higher moral ground that the United States continues to think it has in the World.