The Organization of Petroleum Exporting Countries (OPEC) released its monthly oil market report on Thursday, and the news was enough to send WTI below $50 after a brief week-long rally. Continue Reading
Venezuelan state oil company PDVSA’s revenue from oil and fuel sales in 2016 dropped 34 percent from the previous year to $48.0 billion, the company said in its annual financial Continue Reading
Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being weighed Continue Reading
Two weeks before he held a vote to set up an assembly to re-write the constitution—further undermining democracy—Venezuelan President Nicolas Maduro hosted the signing of a contract with a small Continue Reading
Venezuela’s unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive – and offering prized state-owned oil assets in return, sources familiar Continue Reading
At what point does a country’s political situation become intolerable for bond investors? That is the question facing holders of Venezuela’s debt as the nation’s descent into strife raises questions Continue Reading
Venezuelan state oil company PDVSA’s revenue from oil and fuel sales in 2016 dropped 34 percent from the previous year to $48.0 billion, the company said in its annual financial Continue Reading
In a move that may have significant economic repercussions, a group of 12 countries from across the Americas refused on Tuesday to recognise Venezuela’s new constituent assembly or any laws Continue Reading
Governments from across Latin America on Tuesday agreed not to recognize Venezuela’s powerful new constituent assembly, saying that it represented a breakdown in the country’s democratic order. “What we have Continue Reading
The latest on Venezuela’s political crisis (all times local): 5:10 p.m. Venezuela’s new constitutional assembly has passed a decree declaring itself superior to all other branches of government. The order Continue Reading
