From within his presidential palace, President Nicolás Maduro regularly commandeers the airwaves, delivering speeches intended to project stability to his crumbling nation. But as the Venezuelan state disintegrates under the weight Continue Reading
Venezuela welcomed this week its first diesel cargo since November 2020, a fuel that the country sitting atop the world’s largest oil reserves has been forced to ration, similar to Continue Reading
In the latest desperate attempt to deal with fuel shortages that have crippled Venezuela’s economy, government leaders are trying to repurpose two massive oil upgraders to make a main ingredient Continue Reading
For sale: 864,793 barrels of crude oil, bitumen, fuel oil and other products Another 550,000 barrels of crude in oil tanker sold on the international market for $25 million RdK, Continue Reading
Venezuela’s state-run oil company PDVSA has restarted crude blending at its Petrolera Sinovensa facility after a gas supply outage to the Jose oil export terminal halted operations last week, according Continue Reading
China has announced that it will impose taxes on heavy sour crude, a move that could hit Venezuela hard as it continues to struggle with U.S. sanctions and a dilapidated Continue Reading
The near failure of the Venezuelan state, caused by the breakdown of the country’s oil industry, has triggered the second worst humanitarian crisis of the 21st century. While the collapse Continue Reading
Venezuelan farmer Agustin Zenere should have been planting corn by the second week of May – a crucial task in the economically devastated South American country where 7 million people Continue Reading
In the space of less than a decade Venezuela’s once-mighty oil industry, the petrostate’s economic backbone, has nearly collapsed. Since Maduro’s predecessor Chavez took power in 1999 and launched his Continue Reading
Venezuela, in the midst of a humanitarian crisis of epic proportions, would need $58 billion to return its oil industry to its former glory and 1998 production levels, according to Continue Reading
