The government of President Nicolas Maduro halted the publication of economic indicators in 2015 as the OPEC nation's socialist system began to unravel in response to the global decline in oil prices.
U.S. crude futures gained on Tuesday after flooding throughout the Midwest constrained crude flow from the main U.S. storage hub in Cushing, Oklahoma.
A Venezuelan general called on the country's armed forces on Sunday to rise up against President Nicolas Maduro, who has relied on the backing of the military to hold on to power despite an economic collapse.
Oil prices fell as renewed doubts over U.S.-China trade talks stoked jitters over global growth, but losses were tempered U.S.-Iran tension.
U.S. Vice President Mike Pence is set on Tuesday to offer new incentives to Venezuela's military to turn against President Nicolas Maduro, responding to an attempted uprising that fizzled out last week, a senior administration official told Reuters.
CNBC's Eamon Javers sits down to discuss the on-going crisis in Venezuela with Vice President Mike Pence.
Gold prices slumped to an over four-month low on Thursday after the U.S. Federal Open Market Committee (FOMC) axed any hopes for a rate cut in the near term, subduing demand for the non-interest bearing bullion.
"There's no turning back," Juan Guaido, opposition leader, said as he addressed supporters on the streets of Caracas on Wednesday.
Venezuelans were expected to take to the streets on Wednesday for what opposition leader Juan Guaido pledged would be the "largest march" in the country's history.
The FAA issued an order prohibiting U.S. air operators from flying below 26,000 feet in Venezuela's airspace until further notice, citing "increasing political instability and tensions."
Trump-backed Juan Guaido, who declared himself interim president in January, said he was "beginning the final phase of Operation Freedom" and promised to bring an end to Maduro's government.
GENEVA, April 26- The United States said on Friday a World Trade Organization ruling on national security was "seriously flawed," a warning not to use it as a precedent to judge U.S. The legal case in question was between Russia and Ukraine and did not directly involve the United States. Both Russia and Ukraine decided not to appeal, clearing the way for final adoption...
April 25- U.S. refiner Citgo, a subsidiary of Venezuelan state-owned oil company PDVSA, said in a statement that a March debt deal was "carried out in compliance with all applicable U.S. laws" after Venezuelan President Nicolas Maduro called it "illegal." In its statement, Citgo- now controlled by a board named by opposition leader Juan Guaido- said a $1.2 billion term...
CARACAS, April 24- The finance committee of Venezuela's opposition-controlled National Assembly on Wednesday authorized a $71 million interest payment on state-owned oil company PDVSA's 2020 bond, which is backed by shares in its crown jewel overseas asset, U.S. refiner Citgo. Earlier this month, the National Assembly- recognized by the United States as...
The proposed payment mechanism is the latest sign of the growing proximity of Venezuela's cash-strapped government to Russia as the United States tightens a financial noose around Venezuelan President Nicolas Maduro, who it describes as a dictator. Russia has publicly said the U.S. sanctions are illegal and it would work with Venezuela to weather them.
CARACAS, April 19- Venezuelan opposition leader Juan Guaido on Friday called on supporters to take to the streets on May 1 for what he called "the largest march in the history" of the South American country to keep the pressure on President Nicolas Maduro to leave power. Guaido, the head of the opposition-controlled National Assembly who in January invoked the...
CARACAS, April 18- U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico's $50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island's offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening accounts...
*Venezuela sells oil invoices to Russia at discount Russia pays Venezuela, collects cash from buyers Arrangements keep money flowing despite U.S. sanctions Venezuelan dependence on Russia growing. The sales are the latest sign of the growing dependence of Venezuela's cash-strapped government on Russia as the United States tightens a financial noose...
LONDON, April 18- Britain said it was concerned by new attempts by the United States to require foreign companies to abide by U.S. sanctions on Cuba that have been rejected by Britain and other European countries. "The extraterritorial application of... sanctions, which we consider to be illegal under international law, threaten to harm UK and EU companies doing...
PARIS, April 18- Drinks group Pernod Ricard is having regular and "courteous" talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters. The Trump administration is lifting a long-standing ban against U.S. citizens filing lawsuits against...
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