The United States told some large trading houses this week they should stop trading jet fuel with Venezuela or face sanctions, ratcheting up pressure aimed at removing Venezuelan President Nicolas Continue Reading
German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA’s oil tankers to collect on late payments owed to it by the state-run oil Continue Reading
Venezuela has increased oil supplies to ally Cuba in May four-fold as US sanctions severely limit exports to other countries, PDVSA documents show. According to the documents, seen by S&P Continue Reading
The United States has resumed—at least for the time being—oil imports from Venezuela, according to new data published by the Energy Information Administration (EIA). The United States saw a decrease Continue Reading
Venezuelan army troops have been deployed aboard 15 oil tankers owned by state-owned PdV to fend off mutinies and ensure that cargoes destined mainly for Cuba are delivered, according to Continue Reading
It was a daring gambit: Juan Guaidó, Venezuela’s opposition leader, stood by a military base alongside dozens of uniformed officers and political allies, calling for a military uprising against President Continue Reading
The U.S. is preparing measures ranging from criminal charges to sanctions against people it believes to be involved in Venezuela’s military-run emergency food program, according to U.S. officials, part of Continue Reading
Venezuelans are having their fuel rationed with the rationing overseen by the military, Reuters reported on Sunday as fuel shortages begin to bite deeper. As local crude oil production continues Continue Reading
Angry drivers queued for hours in towns across Venezuela on Friday as fuel shortages worsened in the South American nation following a plunge in gasoline imports and a stoppage at Continue Reading
Zimbabwe’s collapse under Robert Mugabe. The fall of the Soviet Union. Cuba’s disastrous unraveling in the 1990s. The crumbling of Venezuela’s economy has now outpaced them all. Venezuela’s fall is Continue Reading
