Category: Venezuela

Venezuela’s Vice President Tareck El Aissami, center, speaking on Monday in Caracas during a meeting with bondholders and their representatives. Venezuelan bonds, already trading at distressed levels, fell further on Continue Reading

Venezuela has suffered what is expected to be the first in a cascade of defaults on more than $60bn of international bonds after missing several interest payments. The country on Continue Reading

Venezuela—not the Middle East—is the wild card when it comes to the near future of the oil industry, BP’s chief executive Bob Dudley told CNBC on the sidelines of the Continue Reading

Grace period expired on $200 million of interest payments State oil company had already defaulted, Moody’s and Fitch say Venezuela, one of the world’s riskiest credits, was declared in default Continue Reading

Venezuela was ruled in default on a missed interest payment by S&P Global Ratings, pushing the cash-strapped South American country and its creditors one step closer to a reckoning of Continue Reading

Scores of international creditors flew into this crime-ridden capital for a meeting on Monday with Venezuela’s government to discuss how the country might avoid a messy default on more than Continue Reading

Venezuela’s oil output dropped to its lowest in 28 years last month, according to new data released by OPEC on Monday. The oil-dependent economy produced only 1.863 million barrels of Continue Reading

 European Union foreign ministers approved economic sanctions including an arms embargo on Venezuela on Monday, but will decide who to target at a later stage, officials said. Venezuela’s President Nicolas Continue Reading

Argentina’s President, Mauricio Macri, has called on the United States to install a full embargo on Venezuelan oil shipments. In an interview for the Financial Times, Macri said that the Continue Reading