A $3.7 billion bid from Red Tree Investments addresses parallel litigation risks but falls short of the total claims and CITGO’s valuation.

A Delaware court has approved Red Tree Investments' $3.7 billion bid as the starting offer in the court-mandated auction of ...

Gold Reserve Ltd.’s main value driver is its ICSID award, with the Citgo share auction offering the most realistic path for ...

A second attempt to hold an auction that could determine control of Citgo is moving forward after a federal judge on Monday approved the designation of a $3.699 billion offer as the stalking horse bid ...

A US court monitoring the high-profile auction of shares in Citgo Petroleum's parent company has allowed a 30-day bidding ...

A U.S. federal judge has approved a $3.7 billion bid by Red Tree Investments, an affiliate of Contrarian Funds, as the lead ...

Citgo has been valued at between $11 ... with 20 years of experience covering Latin America's oil and gas industries. Born in Venezuela and based in Houston, she is author of the book "Oro Rojo ...

Vitol Group, the world's largest independent oil trader, has submitted an application to acquire PDV Holdings Inc., the parent company of Citgo Petroleum Corp., which is a key foreign asset Venezuela.

Venezuela will begin exporting a new medium crude blend this month as part of a marketing strategy to avoid a collapse of its revenue-generating oil sales ... U.S. refiner Citgo Petroleum is ...

Citgo, America's seventh-largest refiner, was the subject of a Thursday hearing at which creditors made their case. PDV Holding is auctioned off to cover the up to $21 Billion owed to Venezuela and ...