The reason inventories are on the rise is, once again, U.S. sanctions against Caracas. These have made buyers reluctant to...
Oil production
Venezuela’s state-run oil company Petroleos de Venezuela expects to earn just $35 per barrel of oil exports next year, down...
Economist Daniel Mitchell penned an op-ed slamming the New York Times over an article describing the economic collapse of Venezuela without mentioning...
The decline of Venezuela’s petroleum industry appears terminal. Russian and Iranian assistance has done nothing to lift oil production, as...
Venezuelan President Nicolas Maduro has said that US financial sanctions have caused Venezuela’s oil revenue to plunge 99 per cent...
A handful of long-term customers of Venezuela’s PDVSA have begun winding down oil trade with the state-run company by scheduling...
The future of declining oil demand forecast in BP Plc’s latest energy outlook is one in which lower-cost exporters may opt to quietly...
The impact on Venezuela’s already failed economy will be immense, leading to greater starvation in a country already reeling from...
However, consultancy IHS Markit has estimated that production in Venezuela is already down to between 100,000 bpd and 200,000 bpd,...
Venezuela—one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC—could...
