Venezuela’s Collapse Brings ‘Savage Suffering’
In a hospital in the far west of this beleaguered country, the economic crisis took a grim toll in the past week: Six infants died because there wasn’t enough medicine Continue Reading
Court clears path for Venezuela economic emergency measures
Venezuela’s highest court has cleared the path for Nicolás Maduro, the president, to enact emergency economic measures after it overruled the country’s new opposition-controlled legislature. The controversial move by the Continue Reading
Venezuela Expanding Military Influence Over Oil and Mining
Venezuela President Nicolas Maduro moved to increase the military’s involvement in the country’s oil and mining industries with the creation of a new state company that will report to the Continue Reading
Venezuela Supreme Court Upholds Maduro Emergency Economic Decree
Venezuela’s Supreme Court declared an emergency decree President Nicolas Maduro says he needs to fight triple-digit inflation and the deepest recession in over a decade to be legal and valid, Continue Reading
Venezuela State Oil Company Cut Spending After Slump in Prices
Petroleos de Venezuela SA cut 2015 capital spending as the state oil company grappled with crude prices that last month extended a decline to the lowest in almost 13 years. Continue Reading
Venezuela charge drives Goodyear into loss
Goodyear Tire & Rubber became the latest big US company to detail damage from Venezuela’s financial crisis when the automotive tyre manufacturer reported a $646m charge against fourth-quarter earnings. Laura Continue Reading
Venezuela Faces Test on Debt
Financial markets expect Venezuela to default on its debt during the next few years. The first big test of that occurs this month. Venezuela is trying to convince bond investors Continue Reading
A Reporter Travels Through Venezuela, a Country Teetering on the Brink
In the capital, water is so expensive and scarce that residents wait for hours with bottles at the side of a mountain where it trickles out onto the highway. In Continue Reading
Venezuela talks oil prices with Qatar, Oman; to meets Saudis
Venezuelan Oil Minister Eulogio Del Pino, on a tour of oil producers to lobby for action to prop up prices, said on Thursday he had a “good and productive” meeting Continue Reading
First USGC WTI cargo delivered to Curacao at NYMEX WTI plus $3.96/b: sources
The first US crude oil cargo destined for the Caribbean region has arrived at Bullen Bay, Curacao and was priced at a $3.96/b premium to the NYMEX light sweet crude Continue Reading