Could A Comeback In Venezuelan Oil Crash The Markets?
Crude oil prices had a rocky start to 2021. There are plenty of wildcards which will continue to fuel price volatility for the foreseeable future, the most notable being supply Continue Reading
Is Venezuela Preparing For A Military Strike On Colombia?
Venezuelan President Nicolas Maduro is well-known for his saber-rattling, much of which is designed to distract Venezuelans from the severe economic crisis sweeping the country and the brutality of his Continue Reading
5,000 Flee as Venezuela Launches Largest Military Campaign in Decades
The Venezuelan government has long tolerated armed groups trafficking drugs and contraband near its border with Colombia. Now it has lashed out at one of them, driving thousands of civilians Continue Reading
Venezuela military offensive in Apure state sparks new flow of refugees to Colombia
A new campaign by the Venezuelan military near the country’s lawless western border is sparking a surge of refugees, with thousands defying the spiking pandemic to pack into makeshift shelters Continue Reading
Venezuelan oil sanctions crossroads could come amid summer dearth of diesel
US oil sanctions on Venezuela could reach a tipping point this summer if a dire diesel shortage further exacerbates a humanitarian crisis that continues to unfold even as President Nicolás Continue Reading
Venezuela Looks To Pay With Oil For COVID Vaccines
Venezuela could pay with oil for COVID-19 vaccines, Nicolas Maduro, the President of the struggling South American nation that is home to the world’s biggest oil reserves, said on Sunday. Continue Reading
Venezuela calls Facebook suspension of Maduro ‘digital totalitarianism’
Venezuela’s government on Sunday accused Facebook Inc of “digital totalitarianism” after it froze President Nicolas Maduro’s page for 30 days for violating its policies against spreading misinformation about COVID-19. Facebook Continue Reading
PDVSA Oil Terminal Declares Bankruptcy
The operator of an oil terminal operated by Venezuela’s state oil company PDVSA has declared bankruptcy, blaming it on U.S. sanctions, Reuters has reported , citing court documents. According to Continue Reading
Can Venezuela’s Oil Industry Come Back From The Dead?
Smaller players are eager to recommence talks with Venezuela over its crude oil opportunities before the majors start their attack. The eventual easing of sanctions on Venezuelan oil under President Continue Reading
Oil Firms Discuss Return To Venezuela As Maduro Promises End Of Monopoly
Managers of foreign oil companies have been visiting Caracas recently to negotiate a possible return of international firms to Venezuela’s embattled oil industry after Nicolas Maduro began promising earlier this Continue Reading