The US Treasury Department sanctioned 13 Venezuelan government officials Wednesday, including officials with state oil company PDVSA, in an effort to pressure Venezuelan President Nicolas Maduro to abandon plans for Continue Reading
While the cause of the protests that have swept across Venezuela is president Nicolás Maduro’s plan to rewrite the country’s constitution, the clashes come against a backdrop of collapsing living standards, Continue Reading
The US Treasury Department is crafting sanctions which would prohibit the import of Venezuelan crude oil into the US, one of several sanctions options the White House is considering in Continue Reading
Guest Post by George Kaplan Brazil is a major oil producing country, but in 2016 was still a net importer, though imports dropped significantly and they have been a slight Continue Reading
Venezuela was unable to pay its biggest oilfield suppliers in cash in the second quarter, and top service companies Halliburton and Schlumberger accepted promissory notes that they immediately wrote down Continue Reading
The U.S. government has warned that it would take “swift economic actions” if the Venezuelan government proceeds with a July 30 move to rewrite the constitution to consolidate power in Continue Reading
Venezuela’s opposition-led congress said on Friday it will appoint 13 alternative judges to the country’s Supreme Court, whose current pro-government members have been a bedrock of support for leftist President Continue Reading
There could be impacts for U.S. oil refiners if Washington takes a tough line on Venezuelan President Nicolas Maduro’s crackdown on his opponents. File photo by Cristian Hernández/EPA. July 21 Continue Reading
Many Venezuelan streets were barricaded and deserted on Thursday for a strike called by foes of President Nicolas Maduro to demand a presidential election and the abandonment of a plan Continue Reading
Russia’s top oil producer Rosneft is negotiating to swap its collateral in Venezuelan-owned, U.S.-based refiner Citgo for oilfield stakes and a fuel supply deal – a move to avoid complications Continue Reading
