Venezuelan President Nicolás Maduro said late on Thursday that the country would restructure and refinance its debts after the state-owned oil company makes one final payment, a long-awaited move by Continue Reading
Venezuela has the world’s highest inflation, estimated by the International Monetary Fund to reach 653% this year. The country has been ravaged by shortages of food and medicine, and months Continue Reading
Holders of Venezuelan state oil company PDVSA’s 2020 bonds will receive by Thursday an amortization payment that was due last week, five market sources told Reuters on Tuesday, citing a Continue Reading
Venezuela’s state oil company PDVSA said on Tuesday that a storage tank at its Amuay refinery had overflown because of heavy rains and that a cleanup had begun to avoid Continue Reading
PDVSA says it paid principal due on amortizing 2020 bonds Doesn’t mention interest payment, which has grace period Venezuela’s state-run oil company said it transferred the funds to make an Continue Reading
Venezuela’s state-owned oil giant announced on Friday it had made a critical debt payment, avoiding a catastrophic default that could have seen the company lose control of the U.S.-based refiner Continue Reading
PDVSA says it paid principal due on amortizing 2020 bonds Doesn’t mention interest payment, which has grace period Venezuela’s state-run oil company said it transferred the funds to make an Continue Reading
This past weekend, Venezuela failed to make $237 million in bond coupon payment, blaming “technical glitches” when in reality it simply did not have the money (or wish to part Continue Reading
PDVSA’s next $985 million debt payment – due Friday – has international investors guessing how Caracas will meet yet another financial deadline to prevent total default, according to reports emerging Continue Reading
Venezuelan oil shipments to the United States have fallen to just 56 percent of their 2016 average, cargo-tracking data from Bloomberg has revealed , as sanctions against Caracas hinder oil Continue Reading
