A US federal judge has delayed the deadline for bidding on shares in Citgo Petroleum, a former subsidiary of Venezuela’s state-owned oil business, by almost two weeks. According to a court ...

Citgo’s parent, PDV Holding, is being auctioned off to satisfy more than $20 billion in claims against Venezuela and its state-owned oil company Petroleos de Venezuela SA, or PDVSA.

A U.S. court is expected to confirm or reject in coming days a $3.7 billion offer by a Contrarian Funds affiliate aimed at setting a floor for a new bidding round for shares in the parent of ...

A special master in charge of the auction said Friday that a Contrarian unit called Red Tree Investments had offered nearly $3.7 billion in cash and noncash considerations for the shares of Citgo ...

The coming auction for Venezuela’s Citgo Petroleum could leave its buyer on the hook to other creditors of the South American country, a stumbling block for the court-ordered sale.

A federal judge in Chicago approved a $14.75-million settlement Monday between CITGO Petroleum Corp. and retirees who claimed the gas and energy company miscalculated and shorted their pension ...