The U.S. government will designate Venezuelan President Nicolas Maduro on Monday for sanctions for undermining democracy, in response to Sunday’s election of a legislative superbody that Washington denounced as a Continue Reading
U.S. oil markets were readying for fallout from potential U.S. sanctions on Venezuela’s vital oil sector on Monday after Sunday’s election in the struggling country was deemed a “sham” by Continue Reading
U.S. oil markets were readying for fallout from potential U.S. sanctions on Venezuela’s vital oil sector on Monday after Sunday’s election in the struggling country was deemed a “sham” by Continue Reading
The U.S. imposed sanctions against Venezuelan President Nicolás Maduro on Monday, saying his government abused human rights and organized an illegitimate vote designed to advance an authoritarian regime, as the Continue Reading
The Trump administration on Monday imposed sanctions on President Nicolás Maduro, after an election that critics called a tipping point toward dictatorship. But even with international pressure building and Venezuela’s Continue Reading
In response to Venezuela’s controversial vote on Sunday, a move which could dramatically increase the power of President Nicolas Maduro and grant his government the ability to re-write the constitution, Continue Reading
The Trump administration is considering imposing some U.S. sanctions on Venezuela’s vital oil sector in response to Sunday’s election of a constitutional super-body that Washington has already denounced as a Continue Reading
U.S. government officials are considering stepping up sanctions against Venezuela by targeting its vital oil industry, although an embargo against Venezuelan crude oil imports into the U.S. is off the Continue Reading
CARACAS, Venezuela — President Nicolás Maduro defiantly followed through Sunday with his pledge to hold an internationally condemned election, creating a critical new stage in a long-simmering crisis that could Continue Reading
HOUSTON (Reuters) – Potential U.S. sanctions on sales of light crude to Venezuela’s oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in Continue Reading
Republican U.S. lawmakers said on Friday they expected Washington would announce more sanctions on Venezuela if its government proceeds with an effort to elect a legislative body that critics call Continue Reading
The U.S. Treasury Department is ready with tougher sanctions on Venezuela, including crude oil restrictions, but may hold back, an industry report read. On Wednesday, the U.S. Treasury Department sanctioned Continue Reading
Venezuela prepared Friday for a possible showdown between opposition protesters and government forces ahead of a vote that critics decry as a final step toward authoritarian rule in the South Continue Reading
“Down with the dictatorship,” reads graffiti on a Caracas wall Colombia’s President Juan Manuel Santos says his country will not recognise the result of Sunday’s vote in neighbouring Venezuela to Continue Reading
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 exporter overall so far this Continue Reading
(Reuters) – U.S. refiners are shifting away from processing heavy crude, lessening the potential impact on their businesses and motorists of any supply disruptions from Venezuela as the Trump administration Continue Reading
U.S. sanctions on Venezuelan oil could have an impact on gasoline prices because of import restrictions. File photo by Brian Kersey/UPI July 27 (UPI) — Tightening sanctions on Venezuela could Continue Reading
The United States and Venezuela are on a collision course as President Trump promises to inflict economic pain if President Nicolás Maduro goes through with an election intended to enhance Continue Reading
As discussed over the weekend , the endgame in Venezuela is accelerating and it is now only a matter of time before the Maduro regime exits, stage left, the only Continue Reading
The Trump administration imposed sanctions on 13 senior Venezuelan officials as the country’s opposition launched a two-day strike on Wednesday, heaping pressure on unpopular President Nicolas Maduro to scrap plans Continue Reading
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
Australian energy company Melbana outlines plans for oil exploration efforts in Cuba by next year. File photo by Ernesto Mastracusa/EPA. July 19 (UPI) — Amendments to a work plan for Continue Reading
The Trump administration is mulling over sanctions against senior Venezuelan government officials, and additional measures could include sanctions against the country’s oil industry, such as halting imports into the U.S., Continue Reading
The Trump administration is considering major sanctions on Venezuelan oil exports into the US, a policy move which could exacerbate the current heavy crude supply tightness, and cause a months-long dip Continue Reading
Ecuador has broken ranks with fellow OPEC members as the South American country’s energy minister said it could no longer hold up its end of an agreement to cut oil Continue Reading
Ecuador announced its withdrawal from the OPEC agreement this week, a move that could shake the foundation of a deal that was already starting to show some cracks. “We need Continue Reading
The Trump administration is preparing sanctions against several senior Venezuelan officials, including the country’s defense minister and a ruling party leader, for alleged human rights violations and could announce the Continue Reading
Venezuela’s government issued a firm rebuke of President Donald Trump on Tuesday after he threatened to put sanctions on the troubled oil-exporting nation unless its increasingly authoritarian leader, Nicolás Maduro, Continue Reading
On Sunday 9 th , 2017 Venezuela hit a hundred days of anti-dictatorial regime demonstrations. Hundreds of thousands of Venezuelans have taken over main streets and roads demanding a new Continue Reading
In a desperate bid to survive its economic meltdown, Venezuela is lobbying other OPEC members to agree to steeper oil production cuts, a move that would likely lead to higher Continue Reading
Energized by a massive vote against President Nicolas Maduro in an unofficial plebiscite, Venezuela’s opposition mulled on Monday how to escalate protests and block a new congress it fears may Continue Reading
Venezuelan President Nicolás Maduro came under growing pressure Monday as the opposition announced plans for a parallel government and U.S. President Donald Trump warned of sanctions if his government moves Continue Reading
World leaders including Donald Trump urged Venezuela’s embattled president Nicolás Maduro to heed the call of his people on Monday and scrap plans for a “constituent assembly” that could dissolve Continue Reading
Voters have been queuing in the capital Caracas Venezuelans are taking part in an unofficial referendum on government plans for a new assembly that could change the constitution. Critics of Continue Reading
Norwegian energy company Statoil said Friday it extended its reach beyond Norway to acquire stakes in what could be one of South America’s biggest prizes. Statoil took a 33.3 percent Continue Reading
Record low renewable energy prices in Chile are here to stay and will likely push power prices even lower, Chile’s energy minister told Reuters, a development that would pressure the Continue Reading
Venezuela’s foreign reserves have dropped below $10bn for the first time in 15 years as chronic mismanagement, corruption and subdued oil prices continue to batter what used to be the Continue Reading
Venezuela’s crude and fuel deliveries to Cuba have slid almost 13 percent in the first half this year, according to documents from state-run oil company PDVSA viewed by Reuters, threatening Continue Reading
Venezuela’s only source of cash is quickly dwindling as the country faces mounting unpaid bills, violent political protests and citizens starving due to food shortages. Oil makes up nearly all Continue Reading
Opposition sees no double-standard in views of banks, refiners Oil companies ‘are the ones bringing cash into the economy’ The reaction was furious when word got out that Goldman Sachs Continue Reading
Five years ago, when Hugo Chávez was president and Venezuela was a much different place, Ana Margarita Rangel could still afford to go to the movies and the beach, or Continue Reading
