Business Venezuela

  • Venezuelan soldiers participate in a parade to celebrate the 195th anniversary of the Battle of Carabobo in Caracas, June 24, 2016.

    As his country's economy implodes around him, Venezuelan strongman Nicolas Maduro has resorted to what may be a last-ditch effort to stay in power.

  • Venezuelan military growing in strength?

    Does the elevation of a military man to the number two position in the government show the military is trying to take control of the government? Michelle Caruso-Cabrera reports.

  • People buy food and other staple goods inside a supermarket in Caracas, Venezuela June 30, 2016.

    Citigroup shares rose nearly 2.5 percent after the global bank said its unit would cease the servicing of certain accounts in Venezuela.

  • HOUSTON/ CARACAS, July 8- Venezuela's falling crude output and financial woes have left it struggling to maintain a 15- year-old oil assistance program to its closest ally, Cuba. The shift signals an unraveling of the oil diplomacy pioneered by Venezuela's late socialist leader Hugo Chavez and helps explain why Cuba, which generates electricity from fuels,...

  • HOUSTON/ CARACAS, July 8- Venezuela's falling crude output and financial woes have left it struggling to maintain a 15- year-old oil assistance program to its closest ally, Cuba. The shift signals an unraveling of the oil diplomacy pioneered by Venezuela's late socialist leader Hugo Chavez and helps explain why Cuba, which generates electricity from fuels,...

  • Commodities Markets

    Canadian and Nigerian oil supply is returning but is offset by pockets of geopolitical risk around the world, says ClipperData's Matt Smith.

  • He, along with former presidents Martin Torrijos of Panama and Leonel Fernandez of the Dominican Republic, are trying to facilitate talks between the government and the opposition. Given the diametrically opposed views of each side in Venezuela, internationally mediated talks outside Caracas could help address their differences, Shannon said.

  • He, along with former presidents Martin Torrijos of Panama and Leonel Fernandez of the Dominican Republic, are trying to facilitate talks between the government and the opposition. Given the diametrically opposed views of each side in Venezuela, internationally mediated talks outside Caracas could help address their differences, Shannon said.

  • Given the diametrically opposed views of each side in Venezuela, internationally mediated talks outside Caracas could help address their differences, Shannon said. "The hope that this can be used not only to address political differences but also to create a platform from which both the government and the opposition can ask for help from the international...

  • Given the diametrically opposed views of each side in Venezuela, internationally mediated talks outside Caracas could help address their differences, Shannon said. "The hope that this can be used not only to address political differences but also to create a platform from which both the government and the opposition can ask for help from the international...

  • WASHINGTON, June 24- Dialogue between the Venezuelan government and opposition could provide a platform from which they could request help from the international community, U.S. Under Secretary of State for Political Affairs Tom Shannon said on Friday. Shannon, a veteran U.S. diplomat who led talks with Venezuelan officials in Caracas, said there was no date...

  • WASHINGTON, June 24- Dialog between the Venezuelan government and opposition could provide a platform from which they could request help from the international community, U.S. Under Secretary of State for Political Affairs Tom Shannon said on Friday. Shannon, a veteran U.S. diplomat who led talks with Venezuelan officials in Caracas, said there was no date set...

  • People grab packets of toilet paper at a supermarket in Caracas, Venezuela June 9, 2016.

    Analysts discussed the outcomes they believe will result from Maduro's approach to dealing with the Venezuelan crisis.

  • CARACAS, June 22- Citgo Petroleum, the U.S. unit of Venezuela's PDVSA, will likely invest about $400 million to $600 million to overhaul Aruba's refinery under a 25- year lease with the Caribbean island's government, a top PDVSA official said on Wednesday. "We're eyeing investments in the refinery that would be more or less between $400 and $600 million," Jesus...

  • Gas flare from an offshore oil rig platform.

    That gap in price forecasts is important. If an investor believes oil prices will peak next year, the case for buying into energy stocks becomes more urgent.

  • BUENOS AIRES, June 21- Venezuela has badly mismanaged its vast oil resources, a senior U.S. diplomat told Reuters in an interview on Tuesday in which he said a change in government could quickly turn the OPEC member's fortunes around. Tensions have been high between Washington and Venezuela, where the president is facing a possible recall referendum amid...

  • Venezuela grapples with food shortages

    An alarming number of Venezuelans say they do not have money to buy enough food, according to the most recent assessment of living standards by Simón Bolívar University.

  • Police keep guard as people line up to buy groceries in a supermarket at Catia neighborhood in Caracas, on June 11, 2016.

    With delivery trucks under constant attack, the nation's food is now transported under armed guard. Venezuela is convulsing from hunger.

  • 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.