Category: Venezuela

Venezuelan congress head Juan Guaido is preparing a groundbreaking reversal of late President Hugo Chavez’s energy industry nationalization, allowing private companies a bigger role in its oilfields and shrinking state-run Continue Reading

Venezuelan opposition leaders said on Tuesday that the opposition-controlled congress was preparing to consider new energy legislation that would allow faltering oil production to recover with outside help. Ricardo Hausmann, Continue Reading

The United States is prepared to impose “very significant” additional sanctions against financial institutions over the situation in Venezuela in the coming days, U.S. special envoy Elliott Abrams said on Continue Reading

Venezuela ordered American diplomats to leave the country within 72 hours on Tuesday after President Nicolas Maduro accused U.S. counterpart Donald Trump of cyber “sabotage” that plunged the OPEC nation Continue Reading

The top U.S. buyers of Venezuelan oil are in the unusual position of trying to return millions of barrels of crude they need but cannot accept because of U.S. sanctions Continue Reading

Much of Venezuela, including parts of the capital Caracas, remained without power on Monday for a fifth day, crimping vital oil exports and leaving people struggling to obtain water and Continue Reading

Venezuela suffered a sweeping blackout last week, which threatens to cut off oil exports from the country. U.S. sanctions have already severely impacted oil operations, leaving cargoes stranded off the Continue Reading

Secretary of State Mike Pompeo said the U.S. would withdraw all remaining staff from its embassy in Venezuela due to the “deteriorating situation” there after several days of power outages Continue Reading

Caracas (CNN)In a televised address Monday, Venezuelan President Nicolas Maduro said the recovery from power outages will be “little by little,” adding the outage was an “electronic coup” carried out Continue Reading