Struggling Venezuelan state oil company PDVSA has launched tenders to purchase a total 4.2 million barrels of U.S. and Russian crude oil, which includes up to 3 million barrels of Continue Reading
The ruling Socialist Party swept local elections in Venezuela after an opposition boycott and widespread allegations of pro-government bias, setting the stage for a presidential vote next year. President Nicolás Continue Reading
Opposition parties have accused President Nicolas Maduro of running a dictatorship Venezuela’s president, Nicolas Maduro, says the country’s main opposition parties are banned from taking part in next year’s presidential Continue Reading
data . Sanctions and low production caused the decline in November. The last time levels were this low, an industry strike had shut down a large portion of the Latin Continue Reading
One of China’s biggest state-held companies, Sinopec, is suing Venezuela’s debt-ridden oil firm PDVSA in a U.S. court over unpaid bills, in a sign that China may be losing patience Continue Reading
Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. court, claiming it never received full payment for an Continue Reading
One of China’s biggest state-owned oil companies is suing its Venezuelan counterpart in a US court, in a sign that Beijing’s patience over unpaid debts is running out as the Continue Reading
Liquefied natural gas is a way to extend influence over the horizon to Europe, though similar gains are possible for Latin America, a U.S. senator said. Polish Oil and Gas Continue Reading
Maduro says cryptocurrency to be known as the ‘petrocurrency’ To be backed by reserves in oil, natural gas, gold, diamonds Venezuela’s currency is in free fall. Cryptocurrencies such as bitcoin Continue Reading
Venezuelan president Nicolas Maduro said this week that PdVSA is willing to retaliate against financial sanctions from the U.S. by suspending oil exports to the country, sending crude to Asia Continue Reading
