BP CEO Sees Venezuela As Oil’s Wildcard
Venezuela—not the Middle East—is the wild card when it comes to the near future of the oil industry, BP’s chief executive Bob Dudley told CNBC on the sidelines of the Continue Reading
Venezuela Declared in Default by S&P After Missing Bond Payments
Grace period expired on $200 million of interest payments State oil company had already defaulted, Moody’s and Fitch say Venezuela, one of the world’s riskiest credits, was declared in default Continue Reading
S&P Rules Venezuela in Default on Interest Payment
Venezuela was ruled in default on a missed interest payment by S&P Global Ratings, pushing the cash-strapped South American country and its creditors one step closer to a reckoning of Continue Reading
Venezuelan Officials Offer Few Details During Debt Restructuring Talks
Scores of international creditors flew into this crime-ridden capital for a meeting on Monday with Venezuela’s government to discuss how the country might avoid a messy default on more than Continue Reading
Venezuelan Oil Output Drops To Lowest In 28 Years
Venezuela’s oil output dropped to its lowest in 28 years last month, according to new data released by OPEC on Monday. The oil-dependent economy produced only 1.863 million barrels of Continue Reading
EU readies sanctions on Venezuela, approves arms embargo
European Union foreign ministers approved economic sanctions including an arms embargo on Venezuela on Monday, but will decide who to target at a later stage, officials said. Venezuela’s President Nicolas Continue Reading
Venezuela’s Oil Rival Calls For Full U.S. Sanctions
Argentina’s President, Mauricio Macri, has called on the United States to install a full embargo on Venezuelan oil shipments. In an interview for the Financial Times, Macri said that the Continue Reading
Venezuelan Oil Output Heads to 29-Year Low as Cash Crunch Grows
Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. (Bloomberg) — Venezuela is set to pump the least oil in Continue Reading
Venezuelan debt: ‘Qué Pasa?’
Last Friday Venezuelan bondholders received a perfectly resistible invitation. They were asked to present themselves on November 13 2017 in Caracas to meet an individual identified by US authorities as Continue Reading
Venezuela inches closer to a formal default
Venezuela is closer to a formal default on its debts, with a global derivatives body set to rule on whether credit insurance should be paid out after a crucial payment Continue Reading