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 ...

Lawsuits by three firms seeking to improve their chances of obtaining proceeds in an auction of shares in Citgo Petroleum's parent can go ahead, a U.S. judge ruled in an order issued on Monday.

Prior to the sanctions, Citgo's 807,000-barrel-per-day refining network was a primary processor of Venezuela's heavy sour crudes. Since Citgo cut ties with its ultimate parent, Caracas-based state ...

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 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 ...