Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation Continue Reading
As Venezuela and its state-owned oil firm PDVSA lurch from crisis to crisis, defaulted creditors are jockeying for position to ensure they are among the first to receive cash when Continue Reading
Venezuela has made a payment to a mining company using government bonds instead of cash, potentially the first time it has done so since U.S. sanctions last year barred similar Continue Reading
Venezuela’s heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised Continue Reading
CARACAS (Reuters) – Venezuelan state oil company PDVSA is appealing a decision allowing Canadian miner Crystallex to take control of shares in U.S. subsidiary PDV Holdings as part of a Continue Reading
CEDROS, Trinidad and Tobago — In the flickers of sunlight off the cobalt blue of the Caribbean sea, the vessel appeared as a cut on the horizon. It sailed closer. Continue Reading
In July, Venezuela’s oil production came in lower than PDVSA had targeted, according to Argus Media . While PDVSA had hoped that it, along with its joint venture partners, would Continue Reading
Crystallex’s victory in a legal battle with Venezuela that paves the way for it to collect a $1.4 billion award hinged on a finding that state oil company PDVSA is Continue Reading
Venezuela’s efforts to stay afloat financially have suffered another blow after a judge in the US gave a Canadian mining company permission to seize the shares of the Venezuelan holding Continue Reading
Venezuela’s state-owned PDVSA’s dependence on its US unit Citgo for refined products and diluent could be put in jeopardy by a US court order Thursday that may result in the Continue Reading
