Haggard and hungry, Nelson Torrelles took a midmorning breather at a truck stop after walking for hours with his wife and 5-year-old daughter along a Colombian highway leading back to Continue Reading
Velacio Vicuña began to cough incessantly and felt feverish. But the tire salesman avoided getting a test for the new coronavirus, fearing that if it was positive, soldiers would take Continue Reading
In just over a year Venezuela, and the push to oust socialist leader President Nicolas Maduro, has gone from being one of the world’s hottest news headlines to obscurity. The Continue Reading
Crisis- and sanctions-hit Venezuela is struggling with resuming gasoline production at its refineries, restarting and shutting various units again at some of its still operating refineries in recent weeks. Most Continue Reading
Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from Continue Reading
Venezuelan President Nicolas Maduro said he was weighing the purchase of Iranian missiles, days after Colombian President Ivan Duque accused him of doing so. “It’s not a bad idea,” Maduro said Continue Reading
The Trump administration is tapping into more than $300 million in frozen Venezuelan government funds in an effort to give new momentum to its elusive goal of ousting President Nicolás Continue Reading
Ms. Rangel pleaded guilty to a count of conspiracy to commit an offense against the U.S., according to a plea agreement filed last week. Felipe Jaramillo, a lawyer who represents Continue Reading
The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter. The measures Continue Reading
The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources Continue Reading
The government of President Nicolás Maduro is detaining and intimidating doctors, marking the homes of people suspected of having the virus and detaining those who are returning to the country. Continue Reading
Venezuela could soon be producing close to zero barrels of oil, a new analysis by IHS Markit has revealed. Venezuela could soon be producing close to zero barrels of oil, Continue Reading
Despite tightening U.S. sanctions, Venezuela’s PDVSA has managed to ramp up its oil exports this month, with the daily average hitting 325,000 barrels, which was the highest in four months, Continue Reading
Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source Continue Reading
Venezuela’s oil exports – which have dropped significantly over the past year because of the U.S. sanctions – are suffering another blow these days: the quality of the crude loaded Continue Reading
Venezuela’s state-owned oil firm PDVSA looks to restart another gasoline-producing unit soon, hoping to ease the gasoline shortages in the country that sits atop the world’s largest crude oil reserves. Continue Reading
A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when Continue Reading
Active Rigs Fall to Zero in Two Oil Hotspots In the latest sign of the times, and what very well may be an indicator of things to come, two major Continue Reading
Venezuela is once again shuttering gas stations across the country as the chronic shortage of fuel deepens due to ailing refineries and crippling sanctions limiting imports into the country. State oil Continue Reading
O-I Glass Inc, a glass manufacturer, is trying to seize a Venezuelan oil tanker as part of efforts to secure the $500 million in arbitration compensation granted it by a Continue Reading
Venezuela no longer has any operational oil rigs after the last oilfield services firm that was still drilling for oil in the country holding the world’s largest crude oil reserves Continue Reading
U.S. defense contractor Huntington Ingalls Industries Inc has joined a long line of creditors seeking to enforce a judgment against heavily indebted OPEC member Venezuela, court documents filed on Friday Continue Reading
A man was shot and killed during a protest over gasoline shortages in eastern Venezuela on Saturday, officials and a local human rights group said, less than two weeks after Continue Reading
rump administration has cracked down on gasoline imports Venezuelan refiners not able to meet domestic diesel demand Diesel distributed within Venezuela for free, unlike gasoline Washington — Suppliers of Venezuela’s Continue Reading
Venezuela — The “biological” threat was gathering on the western border, Venezuela’s socialist government claimed. So, besieged President Nicolás Maduro, ever vigilant against potential invasion, dispatched gun-toting reinforcements to the Continue Reading
The US Department of the Treasury on July 15 again extended for three months an order preventing creditors of Venezuela’s state-owned oil company PDVSA from taking control of US refiner Continue Reading
Venezuela’s state oil firm PDVSA has resumed gasoline production at the only operating refinery in the country home to the world’s largest oil reserves that is experiencing severe gasoline shortages, Continue Reading
The United States has been raising its imports of fuel oil from Russia over the past year and a half after the U.S. imposed sanctions on Venezuela’s exports, Reuters reported Continue Reading
The United States is pressing shippers, insurers, certification organizations, and flag states registering vessels not to work with Venezuela as the Trump Administration is looking to cut off Nicolas Maduro’s Continue Reading
Venezuela’s state-owned PDVSA and US-based Chevron restarted production of extra-heavy crude in the Orinoco Belt at their Petropiar joint venture, which is operating at 72,000 b/d or 38% of capacity, Continue Reading
The United States and Libya are probing a suspected scheme in which eastern Libyan strongman Khalifa Haftar is allegedly paying Nicolas Maduro’s regime in Venezuela U.S. dollars in exchange for Continue Reading
Venezuela’s Oil Minister Tareck El Aissami said he’s tested positive for Covid-19 five days after a televised meeting alongside President Nicolas Maduro. He is the second close ally of President Maduro Continue Reading
Venezuelan consumer prices rose 19.5% in June compared with the prior month, data from the opposition-controlled National Assembly showed on Wednesday, as surging inflation contributes to rising poverty in the Continue Reading
For decades during the Cold War, Latin America was a focal point of conflict between the two superpowers, the U.S. and Soviet Union. While the U.S. emerged victorious after the Continue Reading
An Iranian conglomerate owned by the country’s military and tied to its missile program has established a retail foothold in Venezuela, according to officials and records detailing the move, deepening Continue Reading
Action delists shippers Adamant, Delos, Romina, Sanibel Greek shippers union vowed to end all Venezuelan trade Venezuelan oil exports to be capped at 300,000 b/d The US Treasury Department on Continue Reading
Federal prosecutors in the United States are looking to seize Iranian gasoline on tankers currently en route to Venezuela by filing a civil-forfeiture complaint, The Wall Street Journal reported on Continue Reading
Venezuela’s crude oil production tumbled by nearly 200,000 bpd in June compared to May, to just 422,400 bpd on June 28, as Venezuela struggles to place its oil on the Continue Reading
A legal fight over a gasoline cargo anchored near Houston is indicative of the shipping industry increasingly refusing to have anything to do with Venezuela and the efficiency of the Continue Reading
Crude production by state-owned Venezuelan oil company PDVSA and its international partners almost halved during June to 280,000 b/d because of full storage capacity and the collapse in exports due Continue Reading
The World Bank projects the recession in Latin America and the Caribbean will be the worst downturn since reliable data began in 1901, setting back progress on fighting inequality and Continue Reading
Iran has exported gasoline to Venezuela under a “commercial deal” and none of the trades was for free, news agency IRNA reported on June 28, citing Iranian Oil Minister Bijan Continue Reading
Reliance Industries, the owner of the largest refinery in India and the world, has stopped buying Venezuelan crude, according to unnamed sources in the know who spoke to Bloomberg, Last Continue Reading
President Nicolas Maduro said Wednesday he’s appointed a team of specialists to consider whether the price of the world’s cheapest gasoline in Venezuela should rise for drivers in the crisis-stricken Continue Reading
Officials from Venezuelan state oil company Petroleos de Venezuela [PDVSA.UL] have spoken with private contractors about paying for work fixing the country’s refineries with fuel and byproducts, a half dozen Continue Reading
Tankers carrying nearly two months’ worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S. sanctions, according to Continue Reading
In 2017, Nicolas Maduro’s regime sought help from the then-Republican Congressman from Texas, Pete Sessions, to arrange a meeting between Venezuela’s state oil firm PDVSA and the head of ExxonMobil Continue Reading
Venezuela is still sending oil to China despite stifling U.S. sanctions, Bloomberg has reported , citing shipping data from Kpler. As of this Monday, the data suggested, there were 3.3 Continue Reading
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing. The United States Continue Reading
The United States is investigating and trying to get to the bottom of reports that Libya’s eastern-based commander Khalifa Haftar’s plane was in the Venezuelan capital Caracas last week, a Continue Reading
