Jamaica has announced it will pay back some of its oil debt to Venezuela in food, medicines and fertiliser as the country’s economic crisis continues. Venezuela is currently suffering from Continue Reading
Oil price starts to decline again as heavy payments loom Venezuela, which has the largest crude reserves on the planet, has defied predictions of default since the oil collapse started Continue Reading
A new decree by Venezuela’s government could make its citizens work on farms to tackle the country’s severe food shortages. That “effectively amounts to forced labor,” according to Amnesty International, Continue Reading
When two trucks loaded with soldiers pulled up outside his butcher shop in the Barrio Unión slum of eastern Caracas, Daniel felt a deep unease. “They went into all the Continue Reading
The crisis in Venezuela has spread to its closest ally Cuba, with Havana warning of power rationing and other shortages that some fear could mark a return to the economic Continue Reading
Even for Venezuela’s notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders Continue Reading
Advisory firm querying investors about interest in bond swap Rothschild believes PDVSA management open to transaction Rothschild & Co. is approaching Petroleos de Venezuela SA bondholders in a bid to Continue Reading
Kimberly-Clark became latest company to pull out this month Goverment blames U.S.-led conspiracy and backs factory seizure The multinationals that remained in Venezuela through more than a decade of nationalizations, Continue Reading
Venezuela’s President Nicolás Maduro put the armed forces in charge of a new food supply system aimed at alleviating crippling shortages, ceding yet more power to a military apparatus that Continue Reading
Annual output seen losing 200,000 b/d, double earlier forecast Oil industry has been hurt by power shortages, economic crisis Venezuelan crude production fell to a 13-year low last month as Continue Reading
