PDVSA only made partial bond payments – JPMorgan
Venezuela’s state oil company PDVSA has apparently only made a partial interest payment due on three bonds last week. About $539m of coupon payments on bonds maturing in 2021, 2024 Continue Reading
Venezuela’s Oil Industry To Receive Another Shot In The Arm From China
As the U.S. dollar climbs higher and higher (and higher), the crude complex is getting blown over by the gale-force headwinds it is providing. We edge closer and closer to Continue Reading
Venezuela: Imports Have Continued To Drop Throughout 2016
Venezuela’s imports plummeted by more than 45 percent between January and August when compared to the same period in 2015, according to a Nov. 15 report from Torino Capital LLC. Continue Reading
PDVSA Pipeline Spill Affects Drinking Water
An oil spill in Venezuela’s Anzoategui State has affected drinking water across a 31-mile radius, PDVSA confirmed on Monday. Anzoategui State is known for its beautiful coastline that makes up Continue Reading
Venezuelan Opposition Tries ‘Birther’ Tack Against President Nicolás Maduro
Venezuelan President Nicolás Maduro dancing the salsa, an ability his supporters cite as evidence of… CARACAS, Venezuela—Call it Venezuela’s own birther movement. Desperate to end 18 years of Socialist rule, Continue Reading
Venezuela’s PDVSA reaches $1.45 billion in finance deals with oil firms
Venezuelan state oil company PDVSA on Friday announced financing deals totaling nearly $1.45 billion with local firm Delta Petroleum and India’s ONGC that will be used to raise production at Continue Reading
Venezuelan crude sales to the United States tumbled 23 percent in October
Sales of Venezuelan crude to the United States fell 23 percent in October to 601,605 barrels per day (bpd) due to fewer shipments of diluted oil from the country’s main Continue Reading
Venezuela opposition gives Maduro until Nov. 11 to meet demands
Venezuela’s opposition exhorted President Nicolas Maduro on Thursday to set an election and start releasing jailed activists within days, while students opposed to Vatican-led talks protested in the streets. The Continue Reading
Venezuelan Credit Dashboard: Default Risk Rises Even With Swap
Investors increased short-term default expectations to 54% Bonds fell in October as political standoff intensified Venezuela, which has the largest crude reserves on the planet, has defied predictions of default Continue Reading
U.S. justices drill down on Venezuela oil rig dispute
Some U.S. Supreme Court justices on Wednesday appeared wary about the foreign policy implications of making it too easy for foreign governments to be sued in U.S. courts as they Continue Reading