Venezuela Is Becoming One of World’s Most Rapid Adopters of Cryptocurrency
Between hyperinflation, stalled oil operations, and deepening tensions with the United States, it is safe to say that Venezuela is...
February 7, 2021Topic
PDVSA
Venezuela Warns Foreign Oil Companies: Increase Production or Leave the Country
RIO DE JANEIRO, BRAZIL - Venezuela has warned foreign oil companies like Chevron and Repsol that their licenses are at...
January 22, 2021
Venezuela Denounces U.S. Court’s Decision Authorizing Sales of Citgo Shares
The Venezuelan government rejected a recent decision by a U.S. judge, which authorized the sale of shares of Citgo, a...
January 17, 2021
Venezuela Proposes Allowing Private Companies to Operate Oil Fields -Sources
Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by...
January 14, 2021
Venezuela’s Oil Exports Sink to 1940’s Level Under Tighter U.S. Sanctions
Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv...
January 4, 2021
UAE Emerges as Hub for Companies Helping Venezuela Avoid U.S. Oil Sanctions
In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was...
December 29, 2020
Venezuela Resumes Direct Oil Shipments to China Despite U.S. Sanctions
Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a...
December 23, 2020
Former Citgo Oil Executives Sentenced in Venezuela
Six US-connected former oil company executives have been sentenced to between eight and 13 years in prison, Venezuela's Supreme Court...
November 27, 2020
Venezuelan Oil Union Leader Detained as Government Crackdown Continues
Venezuelan authorities arrested oil workers’ union leader Eudis Girot, other union officials said on Thursday, as the government’s crackdown on...
November 20, 2020