The situation in Venezuela is not improving. You are probably aware of what afflicts the country: Spiraling and overlapping economic crises (largely of the government’s own making) emptied store shelves Continue Reading
The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a Continue Reading
Commodity trader Mercuria has asked the US Treasury for permission to buy out a $1.5bn loan between Russia’s Rosneft and Venezuela’s state oil company, which had raised the prospect of Continue Reading
If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil production in Continue Reading
Venezuelan President Nicolas Maduro promised on Saturday to recover 70 percent of the country’s lost oil production in the first half of 2018. “I can tell you, the unprecedented injustices Continue Reading
Fishing in Amuay Bay. The largest refinery complex in Venezuela has occasionally spewed contaminants into the water, threatening the livelihood of families in the area. AMUAY, Venezuela — The aging Continue Reading
The Trump administration is threatening to embargo Venezuelan oil, a potentially ruinous blow to the Saudi Arabia of South America. But here in the home of the world’s largest crude Continue Reading
The oil industry in the country sitting on the world’s largest oil reserves is collapsing amid a savage economic crisis and rampant hyperinflation. So desperate is the situation in Venezuela Continue Reading
Venezuela has made history as the first country to launch its very own Initial Coin Offering. The long-hyped Petro cryptocurrency has been the center of controversy and curiosity to many Continue Reading
While workers scramble to leave Venezuela’s state-held oil firm by the thousands, PDVSA has just told its employees that they are banned from following users on social media except for Continue Reading
