Petroleos de Venezuela SA

Auto Added by WPeMatico

Oil Firms Say Venezuela Owes Them Billions Over Earlier Investments

Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.

Oil Firms Say Venezuela Owes Them Billions Over Earlier Investments Read More »

Venezuela Braces for Economic Collapse From U.S. Blockade

Venezuela could lose the bulk of its oil export revenues this year if the U.S. blockade stays in place, according to internal government estimates, a scenario that would set off a humanitarian crisis.

Venezuela Braces for Economic Collapse From U.S. Blockade Read More »

Sanctioned Oil Tankers Flee Venezuela in Defiance of U.S. Blockade

The ships are using deceptive tactics as part of a seemingly coordinated attempt to bypass American naval forces in the region.

Sanctioned Oil Tankers Flee Venezuela in Defiance of U.S. Blockade Read More »

Rubio Stresses U.S. Plan to Coerce Venezuela Rather Than Govern It

The secretary of state said that a military “quarantine” on some oil exports would stay in place to put pressure on the country’s acting leadership.

Rubio Stresses U.S. Plan to Coerce Venezuela Rather Than Govern It Read More »

Venezuela Oil Tanker Seized by U.S. Was Part of Effort to Finance Cuba

Firms with ties to Cuba are getting a larger share of Venezuelan oil exports, as the island’s security agents boost President Nicolás Maduro’s defenses.

Venezuela Oil Tanker Seized by U.S. Was Part of Effort to Finance Cuba Read More »

What to Know About Trump’s Seizure of an Oil Tanker Near Venezuela

The tanker was headed eastward and had recently carried Iranian oil. The seizure is an escalation in President Trump’s military pressure campaign against Venezuela’s leader, Nicolás Maduro.

What to Know About Trump’s Seizure of an Oil Tanker Near Venezuela Read More »

What Does the Oil Tanker Seizure Mean for Venezuela’s Economy?

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.

What Does the Oil Tanker Seizure Mean for Venezuela’s Economy? Read More »