Venezuela’s Is Doing Something It Hasn’t Done Since The 90s
Caracas is preparing the return of oil contracts with private companies that were last used in the 1990s before the Chavez era that made PDVSA the one and only operator Continue Reading
Venezuela’s Maduro travels to China in search of fresh funds
Venezuelan President Nicolas Maduro is traveling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans. “I am Continue Reading
Exclusive: Venezuela signs oil deals similar to ones rolled back under Chavez – document
Venezuela has agreed to hand over at least seven oil fields to little-known companies that will be paid to boost output through contracts similar to ones rolled back under late Continue Reading
The Collapse Of Venezuela’s Imaginary Oil Currency
Earlier this year, Venezuelan President Nicolas Maduro rolled out his latest scheme to rescue his economy, offer an alternative to the increasingly worthless bolivar, and skirt U.S. sanctions on financial Continue Reading
To understand Venezuela’s future, look to the bond market, not politics and protests
The size and frequency of anti-government protests has dropped in the past year, but opposition forces remain divided. (Ariana Cubillos/Associated Press) Despite some of the world’s worst inflation and an Continue Reading
Venezuela creates commission to reorganize state oil firm PDVSA
Venezuela has created a commission to reorganize state oil company PDVSA in the coming months, according to the Official Gazette circulating on Thursday. PDVSA did not immediately respond to an Continue Reading
Conoco waiting for Venezuela to pay $2 billion settlement: CEO
U.S. oil producer ConocoPhillips ( COP.N ) is still awaiting payment from Venezuela on a $2 billion arbitration settlement reached last month with the country’s state-run PDVSA, Chief Executive Ryan Continue Reading
Venezuela To Raise Ultra Cheap Gas Prices For The First Time In Two Decades
Hard hit by a currency crunch amid skyrocketing hyperinflation, Venezuela will raise the price of the gasoline in the coming months, President Nicolas Maduro has said, unveiling a new payment Continue Reading
Venezuelan drivers face long lines for fuel as new payment system flops
Frustrated Venezuelan drivers faced lengthy lines for gasoline in border states on Tuesday as the government struggled to roll out a new payment system that President Nicolas Maduro says will Continue Reading
Venezuela to hike fuel prices by October, Maduro says
Venezuela will hike the price of its heavily subsidized gasoline by October, President Nicolas Maduro said on Monday, as the crisis-stricken government seeks to shore up its coffers amid hyperinflation Continue Reading