Venezuelan Oil Output Heads to 29-Year Low as Cash Crunch Grows
Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. (Bloomberg) — Venezuela is set to pump the least oil in Continue Reading
Venezuelan debt: ‘Qué Pasa?’
Last Friday Venezuelan bondholders received a perfectly resistible invitation. They were asked to present themselves on November 13 2017 in Caracas to meet an individual identified by US authorities as Continue Reading
Venezuela inches closer to a formal default
Venezuela is closer to a formal default on its debts, with a global derivatives body set to rule on whether credit insurance should be paid out after a crucial payment Continue Reading
U.S. blacklists 10 Venezuelans for corruption, undermining state vote
The U.S. Treasury Department on Thursday sanctioned 10 more Venezuelan officials, including several government ministers, who it said had helped Venezuelan President Nicolas Maduro’s attempts to undermine democratic rule in Continue Reading
Venezuela creditors skeptical despite pledges on Caracas meeting
Venezuela has promised investors that government officials under sanction by the United States will not participate in debt talks next week, three market sources told Reuters on Thursday, but creditors Continue Reading
Venezuela Just 24 Hours Away From Formal Declaration Of Default
Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds Continue Reading
US urged to impose full embargo on Venezuelan oil
The Trump administration should dramatically tighten its sanctions on Venezuela by imposing a full embargo on its oil exports to the US, according to Argentine president Mauricio Macri, who said Continue Reading
Venezuela’s PDVSA misses debt payments, used Russian bank to pay ONGC
Venezuelan state oil-firm PDVSA has not made debt payments to India’s top oil producer ONGC ( ONGC.NS ) for six months, and has previously used a Russian state-owned bank and Continue Reading
Venezuela bonds tumble, PDVSA bonds rise on partial default speculation
CARACAS, Nov 6 (Reuters) – Venezuelan bond prices tumbled on Monday while those of state oil company PDVSA were mixed, affected by speculation that the government of President Nicolas Maduro Continue Reading
Uncertainty Builds As Speculation Rocks Venezuelan Bond Market
Bonds sold by the Venezuelan government and its state-owned oil company PDVSA moved in opposite directions on Monday as speculation about an upcoming default grew. President Nicolas Maduro’s regime may Continue Reading