OPEC looking closely at Venezuelan oil output drop: sources
OPEC is looking closely at a drop in oil output from Venezuela to see if the loss of supply from the member state warrants action by the group, sources familiar Continue Reading
Re-elected, Venezuela’s Maduro faces wide criticism, U.S. sanctions
Critics at home and abroad on Monday denounced the vote that re-elected Venezuela’s socialist President Nicolas Maduro as a farce cementing autocracy and the U.S. government imposed new sanctions on Continue Reading
Venezuela’s re-elected Maduro faces overseas censure
Venezuela’s socialist leader Nicolas Maduro faced fresh international censure on Monday after re-election in a vote foes denounced as a farce cementing autocracy in the crisis-stricken OPEC nation. The 55-year-old Continue Reading
Courts in Curacao, Bonaire partially lift seizures against PDVSA
Courts in Curacao and Bonaire have partially lifted attachments introduced by ConocoPhillips aiming to seize Venezuelan PDVSA’s [PDVSA.UL] assets to satisfy a $2 billion arbitration ruling, according to a copy Continue Reading
‘Pressure Cooker’: Discontent Rises in Venezuela Military as Economy Dives
The coup plot by disgruntled Venezuelan military officers in March was audacious: Seize control of the capital’s military bases, arrest President Nicolás Maduro and install a provisional government to replace Continue Reading
U.S. targets four individuals, three companies in Venezuela sanctions move
WASHINGTON (Reuters) – The U.S. Treasury imposed sanctions on four Venezuelans and three Florida-based companies under a program meant to pressure Caracas over what the United States sees as its Continue Reading
Venezuela, a top oil exporter, in deep economic & political crisis
Maduro’s popularity dealt a severe blow when a fall in oil prices in 2014 lead to an economic crisis. Caracas: Latin America’s top oil exporter, Venezuela , is deep in Continue Reading
Isolated Maduro revels in Erdogan’s backing ahead of Venezuela vote
Venezuela’s diplomatically-isolated president received a show of support from Turkish counterpart Tayyip Erdogan on Thursday ahead of a weekend election boycotted by the opposition coalition and decried by Washington. Venezuela’s Continue Reading
Trump Could Target Venezuela’s Oil Industry After Sunday Vote
For months, the U.S. has signaled that it isn’t ruling out additional sanctions on Venezuela’s oil industry alongside the strict financial sanctions already in place, and oil analysts say that Continue Reading
Conoco Proceeds With More PDVSA Asset Seizures
ConocoPhillips has embargoed two cargoes of crude oil and fuel at a storage terminal in Aruba operated by Venezuelan PDVSA’s U.S. subsidiary Citgo, Reuters reports citing the Aruba government. The Continue Reading