Cuban oil surveys progressing
A study assessing the resource potential for parts of Cuba is progressing as planned and quickly becoming a key portfolio component, MEO Australia said. The Australian company said it was Continue Reading
Lack of investment, payment delays hamper Venezuela oil output
The flow of drilling mud is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela’s state oil company PDVSA, Continue Reading
Venezuela Raises Wages 50% as Oil Tour Seeks to Lift Prices
Maduro raises minimum wage, salaries for public employees Oil, foreign ministers leave on tour of oil producers Saturday President Nicolas Maduro raised Venezuela’s minimum wage 50 percent and announced that Continue Reading
Venezuela’s Maduro Says He Discussed Oil Prices With Saudi King
Venezuelan President Nicolas Maduro said he spoke to Saudi Arabia’s king about boosting oil prices and is reaching out to the heads of state of fellow producers Russia, Iran and Continue Reading
U.S. Refiners Reap Rewards From Latin American Fuel Shortage
From Brazil to Mexico, $36.4 billion in projects were shelved U.S. refiners are operating at the highest rate since November The Latin American refinery bust has proved to be a Continue Reading
Venezuelans flood Brazil border in 36-hour grocery run
Men load boxes of food onto the back of a pick-up truck, after arriving from Brazil, in front of the bus terminal in Santa Elena de Uairen, Venezuela August 2, Continue Reading
Venezuela Seen Staving Off Default Again Even as Crisis Worsens
PDVSA to pay $4.1 billion due by year-end, Aberdeen says Goldman Sachs says country has now fallen into a ‘depression’ Even as Venezuela’s economic collapse deepens, the nation has a Continue Reading
Venezuela issues timeline for presidential recall drive
AP Photo/Fernando Llano CARACAS, Venezuela (AP) — Venezuelan elections officials have set a late October date for a recall drive against President Nicolas Maduro, a timeline that makes it unlikely Continue Reading
China Inc. Pursues Power, Glory With Big Brazil Deal
China Inc. is looking to win a gold medal in deal making with a $13 billion takeover of a Brazilian electric company. State Grid Corp. of China, the world’s largest Continue Reading
Chevron: Game up — again — in Ecuador
U.S. supermajor Chevron Corp. said it was victorious in a long-running legal battle against alleged misconduct in Ecuador and a fraudulent lawyer. The U.S. Court of Appeals for the Second Continue Reading