Can Venezuela Avoid Default?
The oil and bond market participants have hardly had time to take a breather after Venezuela’s disputed regional election, as the cash-strapped crisis-stricken country has to make more than $2 Continue Reading
Oil Quality Issues Could Bankrupt Venezuela
The next few weeks for Venezuela will be crucial, as it could struggle to meet a huge stack of debt payments. Reports that the nation’s oil production is experiencing deteriorating Continue Reading
PDVSA Booted From Caribbean Terminal Over Unpaid Bills
A total of $26 million in unpaid bills has caused Venezuela’s PDVSA to be blocked from using a NuStar Energy oil storage terminal in the Caribbean, according to an exclusive Continue Reading
Venezuela’s deteriorating oil quality riles major refiners
Venezuela’s state-run oil firm, PDVSA, is increasingly delivering poor quality crude oil to major refiners in the United States, India and China, causing repeated complaints, canceled orders and demands for Continue Reading
Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
Venezuela’s President Nicolas Maduro claimed victory in a regional election on Sunday in a surprise win defying opinion polls, but the opposition refused to recognize the outcome, decrying fraud, in Continue Reading
IMF crunches the numbers for possible Venezuela rescue
The International Monetary Fund has begun preparations for a possible rescue of Venezuela that could require $30bn or more in international help annually and come alongside one of the world’s Continue Reading
Venezuela Opposition Has Few Options After Vote Many Call Fraudulent
Opponents of President Nicolás Maduro expressed skepticism on Monday over the results of regional elections that the governing party said it won decisively, leaving weary Venezuelans facing the grim prospects Continue Reading
Top Venezuela refineries at 34 percent of capacity: union, documents
Venezuela’s main refining complex, hobbled by a lack of oil and maintenance issues, is down to operating at about a third of its 955,000-barrel-per-day capacity, according to a union official Continue Reading
Venezuela And Russia Team Up To Tackle The Petrodollar
Three weeks after the U.S. imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it Continue Reading
Venezuela To Invite More Countries To Join Output Cuts
Up to 12 oil producing countries from South America and Africa have been invited to join the OPEC/non-OPEC production cut deal, Venezuela’s Oil Minister Eulogio del Pino said on the Continue Reading