Category: Latin America

US sanctions came into effect Sunday to block Venezuela’s economic lifeline of oil exports, in what Washington hopes will be a major blow in its fledgling campaign to topple leftist Continue Reading

Massive blackouts in Venezuela in March and April have drastically reduced oil production at Chevron’s biggest oil joint venture in the country, Bloomberg reported on Thursday, citing data that it Continue Reading

Venezuela will soon pass the point at which it will be unable to recover lost oil production if U.S. sanctions persist into next year, the federal government said on Wednesday. Continue Reading

Venezuela’s state-owned PDVSA is set to export 955,000 b/d of crude in April, up from 843,000 b/d in March, when several blackouts crippled export infrastructure, according to the company’s monthly Continue Reading

Disputed Venezuelan President Nicolas Maduro has publicly criticized the “theft” of its state-owned and US-based refining operations, Citgo, in a radio broadcast on Tuesday, adding that those responsible of this Continue Reading

Venezuela’s opposition-controlled National Assembly’s finance committee on Wednesday authorized a $71 million interest payment on state-owned oil company PDVSA’s 2020 bond, which is backed by shares in its crown jewel Continue Reading

Venezuela is suffering a humanitarian crisis after its economy crashed and was rocked by hyperinflation. Juan Guaidó claimed the interim presidency in an attempt to oust the sitting President Nicolás Continue Reading

The US is still considering secondary sanctions on Venezuelan oil exports, but is likely to delay implementation as it attempts to push Iranian crude and condensate exports to zero, analysts Continue Reading