A Venezuelan oil joint venture with a state-owned Chinese company accounting for around 10 percent of the crisis-stricken OPEC member country’s output has nearly doubled production in the past seven Continue Reading
Canadian miner Crystallex has accused Venezuela of breaching a US$1.4-billion settlement agreement as PDVSA continued to try and overturn a court order that allowed Crystallex to take control of the Continue Reading
Total S.A. said Monday it dispatched a ship to begin drilling off French Guyana’s coast, and assured it won’t damage coral reefs in the area. The move comes just days Continue Reading
The ruling United Socialist Party of leader Nicolas Maduro won overwhelmingly Sunday’s local elections in Venezuela amid a very low turnout as most of the opposition was banned from the Continue Reading
Russian officials have cast doubt on multibillion-dollar pledges to Venezuela touted by its president Nicolás Maduro, whose crisis-wracked country has become increasingly dependent on Moscow as its most prominent international Continue Reading
In what some saw as a sign of OPEC’s growing irrelevance in the world of oil, Venezuela’s Oil Minister Manuel Quevedo will take the helm of the cartel beginning next Continue Reading
Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the Continue Reading
Russia will invest $5 billion to raise Venezuela’s oil production by 1 million b/d under a new economic agreement, Venezuelan President Nicolas Maduro said Thursday. “We have signed contracts to Continue Reading
It is a potentially explosive cocktail. “This is the last year you would want Venezuela as the president,” said Helima Croft, chief commodities strategist at Canadian broker RBC. Related: Is Continue Reading
Two high-ranking Venezuelan officials are traveling to London with plans to meet with the Bank of England over the repatriation of $550 million in gold held in the bank’s coffers, Continue Reading
