There are considerable concerns that the vast oil reserves of Venezuela, totaling a billion barrels, could become a stranded asset. It was Venezuela’s burgeoning post-World War One oil boom which Continue Reading
European Union foreign policy chief Josep Borrell speaks during a media conference after a meeting, Supporting the future of Syria and the Region, in videoconference format at the European Council Continue Reading
Venezuelan crude inventories have surged 84% over the last three weeks as the threat of U.S. sanctions ward away buyers of the nation’s most important commodity. That raises the risk Continue Reading
Venezuela’s state oil company has made a pessimistic estimate for next year’s oil prices, expecting to make just $35 per barrel for the crude it exports, Reuters has reported . Continue Reading
The floating storage and offloading vessel Nabarima is in danger of sinking off the Venezuelan coast with more than 1 million barrels of crude, but state-owned oil company PDVSA does Continue Reading
Venezuela, once Latin America’s largest oil producer and a founding member of OPEC, has seen its economically vital oil industry collapse triggering one of the worst economic and humanitarian crises Continue Reading
There’s nothing quite like the feeling of uncertainty and dread right in the moments before a disaster of gargantuan proportions unfolds in front of our eyes. We might be living Continue Reading
The government of Venezuelan President Nicolas Maduro is approaching some of the nation’s creditors in a bid to lay the groundwork for a debt deal should sanctions ease after next Continue Reading
Eleazar Hernández slept on a sidewalk amid a light drizzle, temperatures that dipped close to freezing and the roar of passing trucks. The 23-year-old Venezuelan migrant was trying to make Continue Reading
Venezuela’s state oil firm PDVSA has recently boosted its crude oil blending operations to a six-month high after some upgraders came back online, Reuters reported on Thursday, citing PDVSA documents Continue Reading
