Venezuela has requested that OPEC hold an emergency meeting to discuss steps to prop up oil prices, which have fallen to their lowest since 2003, two OPEC sources said on Continue Reading
Clutching egg cartons on his shoulder, a young man wades precariously through a muddy river on Venezuela’s western jungle border where a Colombian shopkeeper will happily buy them up. On Continue Reading
American Airlines Group Inc on Tuesday said it has written off more than half a billion dollars in revenue stuck in Venezuela because of currency controls. American, the world’s largest Continue Reading
Venezuela on Friday released its first economic data in more than a year Friday, showing an economy in shambles and inflation at a historic high. The Central Bank for the Continue Reading
The Venezuelan government has announced a 60-day economic emergency to deal with the country’s worsening crisis. President Nicolas Maduro will rule by edict for two months. The decree includes tax Continue Reading
Argentina’s YPF SA YPF 2.34 % and American Energy Partners LP, run by energy industry veteran Aubrey McClendon , signed a deal Thursday to jointly explore and develop unconventional oil Continue Reading
Petrobras’s finances have come under intense strain since a multibillion-dollar bribery scandal emerged at the company in 2014. With about $104bn in net debt — the highest for any Continue Reading
Venezuela’s Supreme Court has ruled that decisions by the country’s new opposition-controlled legislature are void until three banned opposition lawmakers are removed from office, deepening a power struggle in the Continue Reading
Venezuela’s new economy minister , who has argued that inflation doesn’t exist “in real life,” said policies to be announced on Jan. 12 would seek to avoid sacrifices by ordinary Continue Reading
Venezuela’s new opposition congress on Wednesday swore in three lawmakers barred by the Supreme Court from taking their seats, setting up a direct confrontation with the ruling socialists in this Continue Reading
