Attack affects about 6 percent of the country’s crude output Repairs on pipeline may be concluded by tomorrow: union Colombia, South America’s third-largest oil exporter, shut in production in at Continue Reading
Oil price starts to decline again as heavy payments loom Venezuela, which has the largest crude reserves on the planet, has defied predictions of default since the oil collapse started Continue Reading
A new decree by Venezuela’s government could make its citizens work on farms to tackle the country’s severe food shortages. That “effectively amounts to forced labor,” according to Amnesty International, Continue Reading
When two trucks loaded with soldiers pulled up outside his butcher shop in the Barrio Unión slum of eastern Caracas, Daniel felt a deep unease. “They went into all the Continue Reading
The crisis in Venezuela has spread to its closest ally Cuba, with Havana warning of power rationing and other shortages that some fear could mark a return to the economic Continue Reading
Even for Venezuela’s notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders Continue Reading
Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic policies in the ‘80s Continue Reading
Advisory firm querying investors about interest in bond swap Rothschild believes PDVSA management open to transaction Rothschild & Co. is approaching Petroleos de Venezuela SA bondholders in a bid to Continue Reading
The Brazilian government gave permission to Petrobras to suspend production at sixteen oil platforms as the troubled state-owned firm attempts to reduce costs. As reported in The Rio Times on Continue Reading
Kimberly-Clark became latest company to pull out this month Goverment blames U.S.-led conspiracy and backs factory seizure The multinationals that remained in Venezuela through more than a decade of nationalizations, Continue Reading
