New U.S. energy deals are accelerating Venezuela’s oil-sector revival, but political, infrastructure and regulatory risks will constrain near-term production growth.

ExxonMobil and ConocoPhillips remain reluctant to return to Venezuela, with negotiations slowed by demands for attractive fiscal terms and concerns over political and legal…

Venezuela's oil production has reached 1.23 million barrels per day, its highest level since February 2019, acting President Delcy Rodríguez said.