The result of this election was hardly in doubt. Opposition political parties boycotted what can most generously be referred to as “massaged” voting results. But the main result may end Continue Reading
Venezuelan authorities tampered with votes during an election this week to elect a body to rewrite the country’s constitution, said the company that provides the government with the voting software. Continue Reading
With oil so far spared from the target of sanctions, the European Commission said Wednesday it was discussing a range of potential options for Venezuela. The U.S. Treasury Department hit Continue Reading
Venezuelan state energy giant PDVSA expects its refineries to run at 44 percent capacity in August due to crude supply issues, Reuters reported on Tuesday. At maximum output, the refinery Continue Reading
Venezuelan security officials seized opposition leaders Leopoldo Lopez and Antonio Ledezma from their homes during nighttime raids on Tuesday, in what critics of President Nicolas Maduro said was a growing Continue Reading
All options remain on the table for U.S. sanctions on Venezuela, including oil, though industry reports were mixed on the potential impact. Crude oil prices edged higher late last week Continue Reading
Venezuela’s oil sector is at risk of US sanctions following President Nicolás Maduro’s decision to push ahead with an election for an all-powerful political assembly, which critics fear will snub Continue Reading
Only a year ago, the Brazilian state company Petrobras seemed a complete basket case, an exemplary case of how not to lead a company that is rich in both resources Continue Reading
Venezuela’s supply of heavy crude to U.S. independent refiner Phillips 66 has dropped by more than two-thirds this year in part due to quality problems, and the company has cancelled Continue Reading
As the country’s economy continues to tank, Venezuela’s national oil company PDVSA is approaching the deadline for a $1.1bn note issue due in November, and there’s a pretty good chance Continue Reading
