Chauffeured around in a sleek black pick-up, the head of Venezuela’s oil industry, Major General Manuel Quevedo, last month toured a joint venture with U.S. major Chevron. FILE PHOTO: A Continue Reading
President Nicolas Maduro has decreed extra powers to his oil czar Manuel Quevedo to try and halt sliding crude output in crisis-hit Venezuela, which has sunk to its lowest level Continue Reading
On a rainy Wednesday before Easter, hundreds of Venezuelan migrants shuffled into the brick-walled courtyard of the Divine Providence Shelter in the Colombian border town of Villa del Rosario, sat Continue Reading
The doom and gloom forecasts for Venezuela’s oil production are about to get a bit gloomier. And since 95% of Venezuela’s export revenues come from oil, as things get more Continue Reading
Venezuela’s cash-strapped government stopped paying its foreign debt months ago. But a unit of Goldman Sachs GS 1.71% Group Inc. recently received payments of tens of millions of dollars for Continue Reading
Venezuela’s National Constituent Assembly has finally given the go-ahead to the country’s oil-backed cryptocurrency, El Petro, after the parliament declared it unconstitutional. According to a statement by Vice President Tareck Continue Reading
Venezuela stopped paying bondholders in September, according to central bank data, contradicting statements by President Nicolás Maduro that the county would continue to hhonorits debts while negotiating a resettlement with Continue Reading
US imports of Venezuelan crude have fallen to near historic lows and five Gulf Coast refineries now import nearly every barrel the imperiled South American nation exports here, new US Continue Reading
Venezuela’s oil production fell by another 100,000 barrels per day (bpd) in March, a devastating blow that will only make the country’s economic crisis worse. Output is expected to continue Continue Reading
Gulf Coast Refineries in the United States are importing crude oil from other countries in order to insulate themselves from possible US-imposed sanctions on Venezuela. Using data compiled in part Continue Reading
