Decades of nationalization, socialism, crony hiring and money printing turned Venezuela’s oil sector into a hollow shell, shrinking output, crushing incomes and forcing a historic exodus.

Economic instability in Venezuela after the U.S. raid to capture its president is deepening inflation and rattling the currency, sending grocery bills soaring for millions of people.

When Venezuela’s opposition leader María Corina Machado walked into the White House on Thursday, she came bearing the gift US President Donald Trump has long coveted: a Nobel Peace Prize.

A day after she gave President Donald Trump her Nobel Peace Prize medal, Venezuelan opposition leader María Corina Machado insisted that her country was on an irreversible path toward democracy, even as Trump has spoken far more frequently in recent days about securing Venezuelan oil than bringing about free elections.

The U.S. military seized a sixth Venezuelan oil tanker in a Caribbean operation Thursday amid the Trump administration's campaign against illicit oil trade.

Rodriguez consolidates power, appoints loyalists in key positions Interior Minister Cabello seen as biggest threat to Rodriguez's leadership Intelligence chief Gonzalez's control questioned due to Cabello influence Jan 17 (Reuters) - In the 12 days since the U.

Venezuelan opposition leader María Corina Machado said she presented President Donald Trump her Nobel Peace Prize medal during their Jan. 15 meeting.

The seizure comes as President Trump is set to meet​ with Venezuelan opposition leader María Corina Machado Thursday at the White House.

Venezuela’s acting President Delcy Rodríguez says lawmakers in her country should approve reforms to the oil industry that would open the doors to greater foreign investment.

Venezuela sprawls over terrain twice the size of California, with vast tracts of treacherous jungles, steep mountains and cities filled with guns.