Another round of Iranian gasoline shipments appears to be headed to Venezuela despite the US government’s move last month to seize similar cargoes to increase pressure on both sanctioned countries. Continue Reading
An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship is identified in internal documents as Honey, according to a Continue Reading
Contraband fuel sits on the side of a road in Puerto Santander, Colombia, on May 31, 2019. The Venezuelan government’s lack of cash to import gasoline combined with U.S. sanctions Continue Reading
Venezuela’s capacity to produce some much-needed gasoline and diesel of its own hinges on a single oil play. To tap it, the Nicolas Maduro regime is willing to cannibalize the Continue Reading
It has been a tough summer for Venezuela. The already ailing country, in the throes of a severe lockdown, is also experiencing a major environmental disaster. In July, a state-owned refinery Continue Reading
Venezuela’s oil industry—rich in reserves, a crucial Allied resource in World War II, a founding member of OPEC—is grinding toward a halt. Venezuela has greater oil stores than any other country. Continue Reading
Venezuela reportedly is finding it difficult to secure a vessel on which to empty an oil tanker at risk of sinking off its coast because of U.S. sanctions. (Bloomberg) — Continue Reading
Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have sparked a monumental economic collapse which saw the Continue Reading
As Venezuela’s near-nothing oil industry slinks further into nothingness, a new commodity is taking shape in the crisis-stricken Latin American country sitting atop the world’s largest oil reserves: gold. According Continue Reading
Earlier this month, President Maduro said he would be the first to get vaccinated Venezuela’s President Nicolás Maduro has announced he will be asking for volunteers to test the Covid-19 Continue Reading
