NEW YORK (Reuters) – U.S. stockpiles of Venezuelan cocoa swelled in May to levels not seen in at least five years, a Reuters analysis showed, as exporters in the crisis. Continue Reading
Maria Lopez complains about gasoline rationing that Venezuela — home to the world’s largest oil reserves — has started introducing in some areas to tackle extreme fuel shortages. “It’s a Continue Reading
Venezuela’s oil exports slumped in May as the sanctions levied by the United States staunched the flow of oil from the troubled Latin American country that is in the middle Continue Reading
Venezuela’s state oil company PDVSA plans to open an office in Moscow this month, Interfax news agency cited Venezuela’s oil minister as saying on Thursday during a trip to the Continue Reading
Venezuela’s officially recognized president Nicolas Maduro on Wednesday called on the world to take care of Mother Earth, claiming that the only way to achieve balance is through ecosocialism. The Continue Reading
Citgo Petroleum Corp. received a subpoena from the Department of Justice stemming from an investigation into bribery in Venezuela, indicating that the U.S. government is finally turning its attention to Continue Reading
In the past few weeks, what once deemed impossible has happened: gas shortages have been affecting Venezuela, with long lines lasting hours and, in some remote areas, a day or Continue Reading
At the end of last year, the Panama Canal had a problem: too much water. Torrential rains had swollen its main water source, the artificial Lake Gatun, beyond capacity, forcing Continue Reading
The U.S. Department of Justice is seeking documents from Citgo Petroleum Corp as part of an investigation into bribery by U.S. suppliers involving its Venezuelan parent, state-owned Petroleos de Venezuela. Continue Reading
Amid tightening supply of heavy oil on global markets Chevron is asking the Trump administration for sanction relief in Venezuela so it could continue doing business there, Bloomberg reports quoting Continue Reading
Fuel shortages in Venezuela have caused an unprecedented flow across the Brazilian border. Venezuelans are driving to Brazil to tackle long queues to buy gas in Pacaraima, a border town Continue Reading
Venezuela’s widespread gasoline shortages are starting to affect some cities in Colombia, where drivers depend on cheap fuel smuggled in from their socialist-governed neighbor. Residents of the Colombian border city Continue Reading
On May 16th, Iván Freites, head of the Oil Workers Union of Falcon State, denounced that the Paraguaná refinery is producing 170,000 gasoline barrels per day, when it should be Continue Reading
A meeting between the Venezuelan government and the opposition to resolve the country’s deep political crisis ended without agreement on Wednesday, the opposition said, although negotiators left the door open Continue Reading
Brazilian state-led oil and natural gas producer Petrobras set fresh daily and monthly records for output from ultra-deepwater fields in the country’s offshore subsalt frontier in April and May, capping Continue Reading
Tankers carrying gasoline and ships transporting food for Venezuela were sabotaged last week to prevent them from reaching Venezuela, Nicolas Maduro said in a televised speech late on Monday. “Last Continue Reading
Venezuela’s economy contracted 19.2% in the first nine months of 2018 from the year-earlier period, as private consumption fell sharply and inflation soared in the crisis-racked nation, according to the Continue Reading
Two major shipping lines this month have raised their rates for transporting goods from the United States to Venezuela, according to three industry sources and two documents, as U.S. sanctions Continue Reading
The Venezuelan government and opposition will return to Oslo this week for a second round of talks as diplomatic efforts to find a solution to the country’s political crisis gather Continue Reading
A closed gas station in the outskirts of Caracas, Venezuela. (CNN)For many Venezuelans, oil is a birthright in the country blessed with the largest crude reserves in the world. Despite Continue Reading
US sanctions on oil-rich Venezuela appear to be taking hold, resulting in mile-long lines for fuel in the South American nation’s second-largest city, Maracaibo. One driver said he has been Continue Reading
Three PDVSA tankers that are late with payments to German operator Bernhard Schulte Shipmanagement (BSM) are being detained, according to Reuters sources, as BSM gives up on waiting for payments Continue Reading
The United States told some large trading houses this week they should stop trading jet fuel with Venezuela or face sanctions, ratcheting up pressure aimed at removing Venezuelan President Nicolas Continue Reading
German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA’s oil tankers to collect on late payments owed to it by the state-run oil Continue Reading
The world’s newest offshore hotspot, Guyana, is in the early stages of a probe into how oil exploration rights were awarded for oil blocks that are currently controlled by ExxonMobil Continue Reading
Venezuela has increased oil supplies to ally Cuba in May four-fold as US sanctions severely limit exports to other countries, PDVSA documents show. According to the documents, seen by S&P Continue Reading
The United States has resumed—at least for the time being—oil imports from Venezuela, according to new data published by the Energy Information Administration (EIA). The United States saw a decrease Continue Reading
Venezuelan army troops have been deployed aboard 15 oil tankers owned by state-owned PdV to fend off mutinies and ensure that cargoes destined mainly for Cuba are delivered, according to Continue Reading
It was a daring gambit: Juan Guaidó, Venezuela’s opposition leader, stood by a military base alongside dozens of uniformed officers and political allies, calling for a military uprising against President Continue Reading
The U.S. is preparing measures ranging from criminal charges to sanctions against people it believes to be involved in Venezuela’s military-run emergency food program, according to U.S. officials, part of Continue Reading
Venezuelans are having their fuel rationed with the rationing overseen by the military, Reuters reported on Sunday as fuel shortages begin to bite deeper. As local crude oil production continues Continue Reading
Angry drivers queued for hours in towns across Venezuela on Friday as fuel shortages worsened in the South American nation following a plunge in gasoline imports and a stoppage at Continue Reading
In this April 16, 2019 photo, Johny Legagneur charges a light bulb for a client at his shop in Petion-Ville, Haiti. Johny uses an inverter and generator to charge laptops, Continue Reading
Zimbabwe’s collapse under Robert Mugabe. The fall of the Soviet Union. Cuba’s disastrous unraveling in the 1990s. The crumbling of Venezuela’s economy has now outpaced them all. Venezuela’s fall is Continue Reading
A severe drought in Panama has resulted in lower water levels in the Panama Canal, forcing some shippers to limit the amount of cargo their largest ships carry so they Continue Reading
Venezuelan state-owned PDVSA is offering 6.4 million barrels of discounted crude oil to Russian, Chinese and Indian companies, according to a company official and reports seen by S&P Global Platts. Continue Reading
Another problem has been added to Venezuela’s growing list of woes: gasoline import shortages that have caused lines at gas stations, Reuters reports , adding that local production has slumped Continue Reading
Gas station lines reappeared across oil-rich but crisis-stricken Venezuela this week as gasoline imports plunged and the country’s second-largest oil refinery halted operations. Shortages of motor fuel have become a Continue Reading
Venezuela has stopped upgrading crude oil as PDVSA finds itself without buyers in the wake of US sanctions, according to sources who spoke to Reuters. Venezuela hasn’t shut down its Continue Reading
Venezuela would like Moscow to help it restructure its external debt to other countries, Russia’s RIA news agency cited Venezuela’s ambassador in Geneva as saying on Friday. Asked whether sanctions-hit Continue Reading
Venezuela’s ad-hoc board of directors for state oil company PDVSA, appointed by opposition leader Juan Guaido, said on Thursday it has made an interest payment on its bond maturing in Continue Reading
Venezuela’s crucial oil upgraders have stopped processing heavy crude because a decline in exports due to U.S. sanctions has left the OPEC nation without sufficient storage space, seven sources familiar Continue Reading
The Department of Homeland Security said it was suspending all commercial passenger and cargo flights between the U.S. and Venezuela, citing safety concerns stemming from political instability in the South Continue Reading
Venezuela’s oil production held up last month, but appears to be falling off a cliff once again. Output in Venezuela rebounded a bit in April, following the horrific electricity blackouts Continue Reading
Juan Guaido, the leader of the Venezuelan opposition, has instructed his envoy to the United States Carlos Vecchio to start talks with the U.S. military for help in overthrowing the Continue Reading
A tiny South American country until recently known mostly as the location of one of the worst mass suicides in modern history is about to acquire a whole new reputation, Continue Reading
YPF, the largest oil and natural gas producer in Argentina, is focusing on shale oil for production growth as a glut slows natural gas output, managers at the state-backed company Continue Reading
The US Treasury Department on Friday announced sanctions on two companies and two tankers it said had delivered crude oil from Venezuela to Cuba from late 2018 through March 2019. Continue Reading
US Secretary of State Mike Pompeo plans to discuss Russia’s ongoing support for Venezuelan President Nicolas Maduro, including ongoing oil and product trade that the Trump administration views as undermining Continue Reading
Two Venezuelan lawmakers sought refuge at foreign embassies in Caracas on Thursday, as the government of President Nicolas Maduro cracked down on allies of opposition leader Juan Guaido who supported Continue Reading
