Fear grips Venezuelan slum after crackdown on protests
Fear has cast a pall over the vast shantytown of Petare, a tangle of houses clinging to a hillside in eastern Caracas, where residents dread violent repression if they take…
Oil: ‘Mother of corruption’ in Venezuela
Corruption in Venezuela’s oil industry is a many-headed monster that has devoured billions of dollars in taxpayers’ money in the past 20 years, experts say. Long the country’s only notable…
Eni, Repsol to upgrade oil-for-debt deal with Venezuela
European oil majors Eni and Repsol plan to expand an oil-for-debt deal with Venezuela under US approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries…
Venezuela: the decline of an oil giant in crisis
Leaks, rusted pipes, pieces of broken equipment scattered about and staircases leading nowhere: Lake Maracaibo’s oil field is a metaphor for Venezuela’s once-flourishing petroleum industry that is now on its…
Citgo may face new upheaval under Venezuela’s political changes
Oil refiner Citgo Petroleum could face supervisory board shakeups leading to a review of its plans following Friday’s vote by Venezuela’s opposition-led National Assembly to dissolve an interim government and…
UN could administer over $3bn in funds to aid Venezuela
Venezuelan politicians are discussing proposals for a fund that could release over $3 billion to provide humanitarian aid to Venezuela through the United Nations, in a process that also involves…
Chinese defence firm has taken over lifting Venezuelan oil for debt offset
China has entrusted a defence-focused state firm to ship millions of barrels of Venezuelan oil despite US sanctions, part of a deal to offset Caracas’ billions of dollars of debt…
US-Venezuela business picking up despite punishing sanctions
Venezuela’s imports of US food and farming products are on the rise, with the private sector driving increased business between the two former partners despite punishing sanctions imposed on Caracas…
How far can Venezuela go in raising price of world’s cheapest gas?
In Venezuela's inflation-hit economy, a single US dollar can buy 3.5 million liters of gasoline - an absurdity that the government says it will tackle with a hike in the…
Oil tankers carrying two months of Venezuelan output stuck at sea
Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S. sanctions, according to…
