Black Lion Citgo Group submitted an $8 billion all-cash bid for the parent company of Citgo Petroleum, which owes around $20 ...

By Marianna Parraga HOUSTON (Reuters) -Black Lion Citgo Group, a consortium led by private equity firm Black Lion Capital ...

A U.S. court-organized auction of shares in the parent company of Venezuela-owned Citgo Petroleum has entered its final ...

Gold Reserve has filed an emergency request with a court in Delaware asking for clarification about a license by the U.S.

Venezuela has officially lost its most prized international asset: Citgo Petroleum, the 807,000-bbl/d U.S. refining arm of state-owned Petróleos de Venezuela (PDVSA). The final auction price went ...

If Citgo is seized and sold to pay Venezuela’s debts, it could disrupt one of the most reliable sources of cash for a country already reeling from hyperinflation, food and medicine shortages, ...

The fate of six Citgo executives being held in captivity in Venezuela on what their families are describing as trumped-up corruption charges could become more clear Wednesday if a preliminary ...

Venezuelan-owned Citgo Petroleum, the U.S.-based refinery company, was among the top donors to Donald Trump’s inauguration during a time of crippling economic crisis in Venezuela. The firm paid ...

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.

Citgo must settle with Group 1 creditors by Friday, ... Citgo is Venezuela’s most prized overseas asset: the seventh-largest refiner in the US, which also operates over 4,000 petrol stations.

HOUSTON (Reuters) -A U.S. court-organized auction of shares in the parent company of Venezuela-owned Citgo Petroleum has entered its final stages, with bidders submitting improved offers for the U ...