Treasury Secretary Steven Mnuchin outlined new U.S. sanctions against Venezuela’s state oil giant Petroleos de Venezuela S.A. on Monday, in a move to cripple Nicolás Maduro’s government and empower opposition Continue Reading
Juan Guaidó, the 35-year-old opposition leader recognized by Washington as Venezuela’s rightful leader, laid out a plan Thursday to reverse President Nicolás Maduro’s economic polices and address Latin America’s worst Continue Reading
PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed US$10-billion oil refinery and petrochemical complex in southern China, Reuters reported Continue Reading
A week after opposition leader Juan Guaidó declared himself interim president of Venezuela, Nicolas Maduro signaled that he was willing to negotiate with the opposition. “I’m willing to sit down Continue Reading
It is too early to quantify the impact of the latest U.S. sanctions on Venezuela’s oil industry and exports, Fatih Birol, the Executive Director of the International Energy Agency (IEA), Continue Reading
Russia, which stands by Nicolas Maduro in the ongoing Venezuelan political crisis, will use “all available legal mechanisms” to defend its interests in the Latin American country, in which Russian Continue Reading
The Trump administration is considering a release from the US Strategic Petroleum Reserve that would be timed to coincide with the imposition of possible sanctions on Venezuelan oil exports, sources Continue Reading
After a long period of stasis, the situation in Venezuela is moving towards its denouement. The next few months will be dangerous for the country and, despite the market’s apparent indifference Continue Reading
Thousands more leave Venezuela amid new crisis The US has warned Venezuela that any threats against American diplomats or opposition leader Juan Guaidó will be met with “a significant response”. Continue Reading
The political power struggle in Venezuela is heating up, and there seems to be no real solution on the horizon yet. The surprise move by Venezuela’s opposition leader Juan Guaido Continue Reading
