Many citizens of the South American country believe the deal looks like a surrender.

The U.S. involvement in the country’s oil industry has dubious legal underpinnings and may end up being less than advertised.

Venezuela's parliament has approved handing the US control of a fifth of its oil reserves, cementing Washington's grip on a government it helped install after toppling President…

An accord anchored on billions of dollars lacks the depth needed to transform a neglected national oil industry, an expert writes.