Venezuela can't pump enough commercially viable oil to meet domestic demands and is importing crude, reports USA Today.» Read More
Argentina has until late Wednesday to either pay out or reach a deal with the hedge funds that are suing for full payment on their bonds to avert a second default in little over a decade in Latin America's No. 3 economy.
CARACAS, July 21- China will provide Venezuela with a new $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela. The deal was inked during a 24- hour visit to Venezuela by Chinese President Xi Jinping, who is on a tour of Latin America.
CARACAS, July 21- China will provide Venezuela with a $4 billion credit line under an agreement signed on Monday, with the money to be repaid by oil shipments from OPEC member Venezuela. The deal was inked during a 24- hour visit to Venezuela by Chinese President Xi Jinping, who is on a tour of Latin America.
CARACAS, July 5- The owners of Venezuelan daily newspaper El Universal said on Saturday they had sold a controlling stake of the company to a little-known Spanish investment firm, Epalisticia, marking the third sale of a major media group in Venezuela since last year.
Following the ouster of Viktor Yanukovych in Ukraine this weekend, Venezuela may be next to depose its president, analysts warned on Monday.
Venezuela’s economy and regional influence, along with its energy largesse, are drying up in the post-Hugo Chavez era.
Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.
Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production.
Alfredo Toro Hardy, Venezuela's Ambassador to Singapore, explains the Latin American country's electronic electoral process and says the results are "fair, clear and straight.
After Hugo Chavez's anointed heir secured a razor-thin victory in Venezuela's presidential election on Sunday, one analyst questioned how much longer Chavez's socialist policies will survive.
Nicolas Maduro squeezed out a small-margin victory in Venezuela's presidential elections Sunday, securing the ruling socialist party's control over the oil-rich nation through 2019.
James Lockhart-Smith, head of Latin America at Maplecroft, tells CNBC that the Venezuelan economy will continue to struggle after the elections.
The Venezuelan government has announced it will conduct a formal inquiry into whether deceased president Hugo Chavez was "inoculated" with cancer. Risa Grais-Targow, Eurasia Group Latin America Analyst, provides perspective on how this might impact oil
At least two dozen heads of state were due to attend Hugo Chavez's funeral on Friday during an outpouring of grief for the charismatic but divisive Venezuelan leader who changed the face of politics in South America.
Heliodoro Quintero, CEO of HQ Consultores, tells CNBC why it's impossible to know which path Venezuelan energy policy will follow until after elections have been held.
Aaron Freedman, Moody's, explains why the death of Venezuelan President Hugo Chavez will not have an immediate impact on the country's sovereign rating.
The Venezuelan president died after losing a long battle with cancer, reports CNBC's Michelle Caruso-Cabrera, with details on what his death means for oil supplies.
CNBC's Michelle Caruso-Cabrera reports the 58-year old leader died on Tuesday after a two-year battle with cancer.
Venezuelan President Hugo Chavez's death has unleashed a flood of emotional tributes that his allies hope will help ensure the survival of his self-styled socialist revolution when voters elect a successor.
The prospect of snap elections in Venezuela - which may be triggered if President Hugo Chavez steps down due to his worsening health - may create volatility in global oil markets though any upward price impact is likely to only be short-term.