If crisis-hit Venezuela was hoping to pay off its US$3.15-billion debt to Russia with its new cryptocurrency, those hopes have been shattered as the Russian Finance Ministry announces that it Continue Reading
Tierra del Fuego, the southernmost province of Argentina, launched an exploration licensing round Tuesday for two onshore blocks and announced plans for an offshore tender later this year, as it Continue Reading
With the largest shale gas resources and tight oil deposits second only to those of the US in the Western Hemisphere, Argentina is trying to attract more foreign investments by Continue Reading
Venezuelan President Nicolas Maduro says he’s tackling the country’s staggering inflation by lopping three zeros off the increasingly worthless bolivar currency. Maduro announced the strategy in a state television broadcast Continue Reading
Angry Venezuelan oil workers demanding better benefits to counter crushing hyperinflation and food shortages clashed with security officials during a rare protest in the cafeteria of state oil company PDVSA’s Continue Reading
The state-owned oil company in Venezuela said Friday it welcomed a move by the president to support a currency targeted by U.S. sanctions. The U.S. Treasury Department followed through this Continue Reading
Sara Meza is just the kind of voter Venezuela’s opposition could once count on at the ballot box. A 32-year-old teacher, she’s fed up with President Nicolás Maduro’s government. Her Continue Reading
Venezuela’s debt crisis is only expected to grow worse this year, and the government could be without one of its most important benefactors, raising the odds of yet another default. Continue Reading
Guyana’s story shares many similarities with the story of the ugly duckling. One of the poorest countries in South America, it has historically been entirely dependent on oil imports. In Continue Reading
U.S. Treasury Secretary Steven Mnuchin targets a petro currency that, according to a risk consultant group, only works in the mind of Venezuelan President Nicolas Maduro. Photo by Kevin Dietsch/UPI Continue Reading
