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  • RBC Capital's Helima Croft describes the condition of the country's economy as a 'humanitarian catastrophe.'

  • Customers are seen reflected in a mirror, waiting for a gas station.

    Helima Croft puts Venezuela on RBC's OPEC watch list due to predictions of political instability and declining oil sales.

  • Roberto Rincon, 55, pleaded guilty in federal court in Houston to two counts including conspiracy to violate the Foreign Corrupt Practices Act over his role in a scheme involving officials at Petroleos de Venezuela S.A.. Rincon, who was president of Texas- based Tradequip Services& Marine, was arrested in December along with another Venezuelan businessman,...

  • OPEC danger zones

    Discussing chaos in Venezuela, and trouble spots for oil production, with Helima Croft, RBC Capital Markets.

  • Venezuelans rioting as crisis escalates

    Venezuelan Opposition Member Carlos Vecchio says a military coup would be a disaster in his country.

  • Venezuela on the brink?

    CNBC's Michelle Caruso-Cabrera sits down with Venezuelan opposition member Carlos Vecchio to talk about the country's ongoing political and economic crisis.

  • Venezuela on the brink?

    CNBC's Michelle Caruso-Cabrera reports on Venezuela's declining oil industry and economy in crisis.

  • CARACAS, June 14- Hungry Venezuelans are rioting and looting amid worsening food shortages, but the OPEC country's remote oil fields have been sheltered from the social unrest so far. But Venezuela's blistering economic crisis is hitting them full on. Output in the country, which has the world's largest oil reserves, dropped to 2.37 million barrels per day in May,...

  • CARACAS, June 14- Hungry Venezuelans are rioting and looting amid worsening food shortages, but the OPEC country's remote oil fields have been sheltered from the social unrest so far. Venezuela's blistering economic crisis, however, is hitting them full on. Amid a cash crunch, Venezuela's oil fields are suffering from shortages of spare parts, the retreat of oil...

  • CARACAS, June 9- Venezuela is putting neighborhood committees linked to the ruling Socialist Party in charge of distributing basic foods amid increasingly violent unrest over chronic shortages that have battered the socialist government's popularity. But the country's opposition is slamming the plan as a discriminatory rationing system that will...

  • CARACAS, June 9- Venezuela is putting neighborhood committees linked to the ruling Socialist Party in charge of distributing basic foods amid increasingly violent unrest over chronic shortages that have battered the socialist government's popularity. But the country's opposition is slamming the plan as a discriminatory rationing system that will...

  • The figure is nearly three times the $1.2 billion Venezuela plans to spend on imports of pharmaceuticals this year as dire shortages of medicines from anti-itch skin cream to chemotherapy drugs hit home. The crisis has forced Venezuela to sharply curtail such imports, adding to hardship for millions of people already struggling with triple-digit...

  • QUITO, June 6- DP World Ltd will invest $1.2 billion to construct and operate Ecuador's first deepwater port, despite criticism of the lack of a public tender. The Dubai- based company signed a contract on Monday to develop, construct facilities and offer services at the Port of Posorja for a period of 50 years. "For the country, the work represents $1.2 billion in...

  • Opposition supporters clash with Venezuelan National Guards during a rally to demand a referendum to remove President Nicolas Maduro in Caracas, Venezuela, May 11, 2016.

    Oil producers from Angola to Venezuela are buckling under a production policy that was pushed by Saudi Arabia.

  • venezuela refinery explosion-1043744363_v2.jpg

    2016 maybe the "year of reckoning" for some OPEC members, RBC Capital Markets warned, ahead of the oil cartel's meeting in Vienna this week.

  • Saudi Arabia's new Energy minister Khalid Al-Falih

    It was seen as a sign that new Saudi Energy Minister Khalid al-Falih took OPEC seriously when he turned up in the Austrian capital on Monday.

  • HOUSTON/ LONDON, May 31- Four tankers carrying over 2 million barrels of U.S. crude are stuck at sea and cannot discharge at a Caribbean terminal because Venezuela's PDVSA has not yet paid supplier BP Plc, according to two sources and Thomson Reuters vessel tracking data. The cargoes are part of a tender Petroleos de Venezuela, known as PDVSA, awarded in March to BP...

  • OPEC: What to expect?

    Discussing what could happen at the upcoming OPEC meeting and how to play it with Loren C. Scott, Loren C. Scott & Associates, and Neal Dingmann, SunTrust Robinson Humphrey.

  • FRANKFURT, May 30- Venezuela owes Lufthansa more than $100 million in ticket revenue, the German carrier said on Monday, following news it was suspending flights there next month. Like other airlines, Lufthansa has struggled to repatriate revenue held in the local bolivar currency due to exchange controls and had reduced flights to Venezuela to limit its...

  • A protester gestures in front of police during an opposition march in Caracas, Venezuela, on Wednesday, May 11, 2016.

    Lufthansa has cancelled its flights to Venezuela in the latest sign of the country’s growing isolation and economic, social and political turmoil.