For decades, jobs at Venezuela’s state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach for Continue Reading
PDVSA swap could reduce amount due next month by $2 billion Country’s oil price hasn’t been rising like West Texas crude Venezuela, which has the largest crude reserves on the Continue Reading
One oil rig was idle for weeks because a single piece of equipment was missing. Another was attacked by armed gangs who made off with all they could carry. Many Continue Reading
Company wants to exchange bonds due in 2017 for 2020 debt PDVSA to offer new bonds at 1:1 ratio to old until Sept. 29 Venezuela’s state-owned oil company says it Continue Reading
The hunt for food started at 4 a.m., when Alexis Camascaro woke up to get in line outside the supermarket. By the time he arrived, there were already 100 people Continue Reading
Company wants to exchange bonds due in 2016, 2017 for new debt PDVSA needs half of private bondholders to swap, Nomura says Venezuela’s state-owned oil company has been on default Continue Reading
Company plans to swap 2016, 2017 bonds for longer-dated debt PDVSA has $4.1 billion of bond payments yet to make this year Petroleos de Venezuela SA’s bonds surged to a Continue Reading
Gustavo Ian Wu, who manages a shop in downtown Caracas, said his family, which came… CARACAS—China spent much of the last decade building a strategic alliance with Venezuela, a country Continue Reading
Anti-socialist protesters flooded Venezuela’s capital in one of the largest mass protests against President Nicolas Maduro’s rule in over a decade – and one of the largest protests in world Continue Reading
Hundreds of thousands of protesters took to the streets in Caracas on September 1, demanding the removal of Venezuelan President Nicolas Maduro. Estimates peg the number of protesters at about Continue Reading
