IRNA argued that Venezuela has the largest oil reserves in the world, mentioning 303 billion barrels, with Iran having 157...
Oil prices
It is speculated that if Maduro can attract the much-needed investment required to rebuild Venezuela’s petroleum infrastructure he could quite...
Gasoline will be sold at 5,000 bolivars (2.5 U.S. cents) per liter at gas stations nationwide starting Monday, including 200...
Some may think that Venezuela could not get any worse. But the country will get considerably poorer, while its political...
The shadow tax effectively directs a larger share of overall revenue to the government when prices fall, creating a further...
A pandemic and a seismic shift in global oil markets have shaken the country, posing a severe new test for...
Maduro’s regime, which has managed to cling to power more than a year after the U.S. stepped up sanctions to...
The virus and oil price war could reduce Venezuela's oil revenue by more than 66 percent, according to Ecoanalitica.
The change of ownership means any future U.S. sanctions on Russian-controlled oil operations in Venezuela would target the Russian government...
Prior to the current oil price war, PDVSA had been offering benchmark Merey Crude at discounts of between $16 to $18 per...
