Seizures of more tankers could put a stranglehold on Venezuela’s economy, which is exceptionally dependent on oil to keep the government running and pay for basic necessities.
Tag: Petroleos de Venezuela SA
How Maduro Is Responding to Trump’s Pressure on Venezuela’s Economy
President Nicolás Maduro’s opponents hope a new period of economic pain will finally topple his government. He is using cryptocurrency to hold on.
Chevron Thrives in Venezuela Despite Threats by Trump
Chevron enjoys unusual sway in socialist-led Venezuela, positioning the energy colossus to gain from whatever comes of the crisis between Washington and Caracas.
Venezuela Seeks Arrest of Juan Guaidó, Former Opposition Leader
The attorney general accused Mr. Guaidó, who now lives in the United States, of misusing state funds for his own benefit, which he denied.
US Considers Easing Sanctions on Venezuela as Migration Surges
The Biden administration may allow the last American company producing oil in Venezuela to resume exports if the Maduro government takes steps to restore democracy.
U.S. Imposes Sanctions on Russian Oil Company Supporting Venezuela’s Leader
The penalties seek to pressure President Nicolás Maduro of Venezuela to give up power, nearly two years after he was re-elected in a widely disputed vote.
To Survive, Venezuela’s Leader Gives Up Decades of Control Over Oil
Faced with a severe economic crisis, the country’s leader, Nicolás Maduro, is letting foreign firms take over daily operations of its oil fields. It’s a break with core tenets of his socialist revolution.
Venezuela’s Collapse Frays Its Economic Ties With Russia
Russia has been a bulwark of support for Venezuela. But as that country’s economy crumbles, Russian state-owned businesses are pulling back to protect their bottom line.
As Venezuelan Economy Unravels, Maduro Opponents Hope Downturn Will Topple Him
The prolonged national blackout this month pushed the country closer to the brink of economic collapse. Inflation is expected reach 51 million percent this year.
Millions Flowed From Venezuelan Oil Firm to Small Bulgarian Bank
Bulgarian officials, tipped off by the United States, froze accounts and are investigating possible laundering of money from the battered state oil company.