Venezuela’s widespread gasoline shortages are starting to affect some cities in Colombia, where drivers depend on cheap fuel smuggled in from their socialist-governed neighbor. Residents of the Colombian border city Continue Reading
On May 16th, Iván Freites, head of the Oil Workers Union of Falcon State, denounced that the Paraguaná refinery is producing 170,000 gasoline barrels per day, when it should be Continue Reading
A meeting between the Venezuelan government and the opposition to resolve the country’s deep political crisis ended without agreement on Wednesday, the opposition said, although negotiators left the door open Continue Reading
Tankers carrying gasoline and ships transporting food for Venezuela were sabotaged last week to prevent them from reaching Venezuela, Nicolas Maduro said in a televised speech late on Monday. “Last Continue Reading
Venezuela’s economy contracted 19.2% in the first nine months of 2018 from the year-earlier period, as private consumption fell sharply and inflation soared in the crisis-racked nation, according to the Continue Reading
Two major shipping lines this month have raised their rates for transporting goods from the United States to Venezuela, according to three industry sources and two documents, as U.S. sanctions Continue Reading
The Venezuelan government and opposition will return to Oslo this week for a second round of talks as diplomatic efforts to find a solution to the country’s political crisis gather Continue Reading
A closed gas station in the outskirts of Caracas, Venezuela. (CNN)For many Venezuelans, oil is a birthright in the country blessed with the largest crude reserves in the world. Despite Continue Reading
US sanctions on oil-rich Venezuela appear to be taking hold, resulting in mile-long lines for fuel in the South American nation’s second-largest city, Maracaibo. One driver said he has been Continue Reading
Three PDVSA tankers that are late with payments to German operator Bernhard Schulte Shipmanagement (BSM) are being detained, according to Reuters sources, as BSM gives up on waiting for payments Continue Reading
