Lack of investment, payment delays hamper Venezuela oil output
The flow of drilling mud is seen in a container while an oilfield worker works on a drilling rig at an oil well operated by Venezuela’s state oil company PDVSA, Continue Reading
Venezuela Raises Wages 50% as Oil Tour Seeks to Lift Prices
Maduro raises minimum wage, salaries for public employees Oil, foreign ministers leave on tour of oil producers Saturday President Nicolas Maduro raised Venezuela’s minimum wage 50 percent and announced that Continue Reading
Venezuela’s Maduro Says He Discussed Oil Prices With Saudi King
Venezuelan President Nicolas Maduro said he spoke to Saudi Arabia’s king about boosting oil prices and is reaching out to the heads of state of fellow producers Russia, Iran and Continue Reading
Venezuelans flood Brazil border in 36-hour grocery run
Men load boxes of food onto the back of a pick-up truck, after arriving from Brazil, in front of the bus terminal in Santa Elena de Uairen, Venezuela August 2, Continue Reading
Venezuela Seen Staving Off Default Again Even as Crisis Worsens
PDVSA to pay $4.1 billion due by year-end, Aberdeen says Goldman Sachs says country has now fallen into a ‘depression’ Even as Venezuela’s economic collapse deepens, the nation has a Continue Reading
Venezuela issues timeline for presidential recall drive
AP Photo/Fernando Llano CARACAS, Venezuela (AP) — Venezuelan elections officials have set a late October date for a recall drive against President Nicolas Maduro, a timeline that makes it unlikely Continue Reading
Venezuela says OPEC, non-OPEC countries may meet in ‘coming weeks’
Venezuela’s Oil Minister Eulogio del Pino talks to journalists before a meeting of OPEC oil ministers in Vienna, Austria, June 2, 2016. A meeting between OPEC and non-OPEC countries may Continue Reading
Venezuela Announces Effort to Reduce OPEC Production Rates
Maduro Eulogio Venezuelan President Nicolas Maduro said on Thursday that his country had begun discussions with the Organization of Petroleum Exporting Countries (OPEC) on mechanisms to increase the global oil Continue Reading
Amid economic hard times, Venezuelans turn to city farming
Facing a national food crisis, Venezuela’s pumpkin-growing socialist president is exhorting compatriots to grow fruit and vegetables on balconies and roofs and in barracks across the country. His government’s “Great Continue Reading
Venezuelan gas exports to Colombia unlikely in short term: analysts
Venezuelan exports of natural gas to Colombia are unlikely in the short term, despite state-owned PDVSA’s claims to have increased its gas production in 2015 by 334,000 Mcf/d or 4.3% Continue Reading