Some Venezuelan creditors are objecting to the selection of Dalinar Energy's $7.38 billion bid as the winner of a court-ordered auction for control of Citgo Petroleum, according to court filings.

Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announced that on July 7, 2025, pursuant to the schedule set by the U.S. District Court for the District of Delaware ...

A $7.38 billion bid by a unit of Toronto-listed miner Gold Reserve was named preliminary winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, organized by a U.S ...

Oil futures continued to post gains with the market unfazed by OPEC+ plans for higher production and supported by gains in products. Exxon just warned Wall Street of billion-dollar profit hits. Here's ...

A court-appointed special master recommended a nearly $7.4 billion bid from Venezuela creditor Gold Reserve for the country’s state-owned oil refiner Citgo Petroleum, roughly double the prior ...

Citgo auction advisor set to recommend Gold Reserve bid - Bloomberg Jul. 02, 2025 2:54 PM ET Gold Reserve Ltd. (GDRZF) Stock COP By: Carl Surran, SA News Editor Play (2min) ...

Since Citgo cut ties with its ultimate parent, Caracas-based state-run oil company PDVSA, in 2019, Venezuela has struggled to find new markets for its oil, while the Houston-based refiner has ...

US refiner Citgo's 807,000bpd refining network and associated facilities are PDV Holding's sole assets. The Vitol-led offer also proposes approximately $2bn for defaulted Venezuelan bondholders.

OPEC+ to Increase Output by 548,000 Barrels a Day in August. What it Means for Oil Markets. Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to ...

Venezuela-owned U.S. refiner Citgo Petroleum (PDVSAC.UL) reported on Thursday a $305 million net income last year, below the $2 billion profit of 2023, following a $146 million loss in the fourth ...

Black Lion Citgo Group, a consortium led by private equity firm Black Lion Capital Advisors, submitted a last-minute, $8 billion all-cash bid for the parent company of embattled Citgo Petroleum ...