Bonds from Venezuela’s state oil company due in October surged after the country paid $1.5 billion of debt that matured Friday. The $1 billion of notes from Petroleos de Venezuela Continue Reading
Members of Maduro’s own party are reportedly working with the opposition to replace him. (Inti Ocon/AFP/Getty Images) With each passing day, it is becoming increasingly clear that Venezuelan President Nicolas Continue Reading
A deal to freeze oil production could help buoy depressed crude prices by $10 to $15 dollars a barrel, according to Venezuela’s Oil Minister Eulogio Del Pino, who called on Continue Reading
Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in Continue Reading
Venezuela’s 1989 fuel price hike helped spark riots that left hundreds dead, traumatized the country and spooked future presidents from touching the world’s cheapest fuel. Yet the most significant rise Continue Reading
The deal struck between Saudi Arabia and Russia this week to cap oil output was the first meaningful response by producing countries to the collapse in crude prices. It was Continue Reading
Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in Continue Reading
Venezuela’s state oil company Petroleos de Venezuela SA is said to be looking into leasing the Aruba refinery, where it would ship tar-like oil to be upgraded into higher value Continue Reading
Venezuela’s central bank on Thursday released long-awaited data showing the depth of the OPEC country’s recession, a day after President Nicolas Maduro announced a package of measures seen as insufficient Continue Reading
The new opposition-controlled National Assembly in Venezuela plans to speed up moves to oust the government of Nicolas Maduro as economic woes deepen. Parliament speaker Henry Ramos Allup said proposals Continue Reading
