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Business Venezuela

  • MOSCOW, Sept 18- Russia will supply around 600,000 tonnes of wheat to Venezuela in the current marketing year ending next June, Russia's agriculture minister told Reuters, deepening the Kremlin's support for Venezuela's troubled economy. Russia, which last season did not ship any wheat to Venezuela, had not previously confirmed how much wheat it planned to...

  • CARACAS, Sept 14- Venezuela will make all pending debt payments despite "a series of difficulties" that have arisen as a result of financial sanctions by the United States, Economy Vice President Ramon Lobo said on Thursday. The United States in August prohibited dealings in new debt from Venezuela and state oil company PDVSA in response to the creation of a new...

  • The Silver Cindy tanker sails out of the Citgo Refinery dock bound for Mexico with a load of gasoline at the Port of Corpus Christi in Corpus Christi, Texas, U.S., on Thursday, Jan. 7, 2016.

    Recent U.S. sanctions against Venezuela's PDVSA have started to ensnare its U.S. unit, Citgo Petroleum.

  • HOUSTON/ NEW YORK, Sept 14- Washington's recent sanctions against Venezuelan state-run oil company PDVSA have started to ensnare its U.S. unit, Citgo Petroleum, making it harder for the refiner to obtain the credit it needs to purchase crude, according to six traders and banking sources. Citgo's three U.S, refineries, one each in Illinois, Texas and Louisiana,...

  • PARIS, Sept 12- Venezuela's government and opposition will hold a round of talks in the Dominican Republic on Wednesday, France's foreign minister said on Tuesday, warning Caracas that it risked EU sanctions if it failed to engage in negotiations. "I was happy to learn that dialogue with the opposition would restart tomorrow in the Dominican Republic," Jean-Yves...

  • PARIS, Sept 12- Venezuela's government and opposition will hold a round of talks in the Dominican Republic on Wednesday, France's foreign minister said on Tuesday, warning Caracas that it risked EU sanctions if it failed to engage in negotiations. Venezuela has been convulsed by demonstrations against leftist President Nicolas Maduro, accused by critics of...

  • PARIS, Sept 12- Venezuela's government and opposition will hold a round of talks in the Dominican Republic on Wednesday, France's foreign minister said on Tuesday, warning Caracas that it risked EU sanctions if it failed to engage in negotiations. Venezuela has been convulsed by demonstrations against leftist President Nicolas Maduro, accused by critics of...

  • A worker adjusts a valve of an oil pipe in Zubair oilfield in Basra, Iraq.

    OPEC's oil output fell in August as several key exporters in the group throttled back production.

  • ALGIERS, Algeria— Venezuelan President Nicolas Maduro said at the end of a two-day visit to Algeria Monday that his country and the North African nation were working to achieve "equitable" oil prices. Algeria and Venezuela both are members of the Organization of the Petroleum Exporting Countries. Maduro also discussed bilateral relations with Algeria, which...

  • With Venezuela deep in recession and its currency reserves at their lowest in more than two decades, the Maduro government and state oil company PDVSA have to pay about $4 billion in debt and interest during the rest of 2017.. He reiterated Venezuela would keep honoring debt, but said he wanted to talk with bondholders affected by sanctions recently imposed by...

  • CARACAS, Sept 8- President Nicolas Maduro has invited bondholders to unspecified "negotiations" over Venezuela's foreign debt in coming days in response to recent U.S. financial sanctions. With Venezuela deep in recession and its currency reserves at their lowest in more than two decades, the Maduro government and state oil company PDVSA have to pay about $4...

  • Bitcoin in Venezuela: how an economic lifeline became a national threat.

  • HOUSTON, Aug 31- After Hurricane Harvey roared into Texas, flooding oil refineries and crippling ports along U.S. Gulf Coast, Latin American countries scouring the globe for other sources of fuel are zeroing in on a flotilla waiting to unload off the coast of Venezuela. Almost no fuel tankers have sailed from Texas for Latin America in six days, according to...

  • HOUSTON, Aug 31- After Hurricane Harvey roared into Texas, flooding oil refineries and crippling ports along the U.S. Gulf Coast, Latin American countries are scouring the globe for other sources of fuel and zeroing in on a flotilla waiting to unload off the coast of Venezuela. Almost no fuel tankers have sailed from Texas for Latin America in six days, according to...

  • HOUSTON, Aug 31- After Hurricane Harvey roared into Texas, flooding oil refineries and crippling ports along U.S. Gulf Coast, Latin American countries scouring the globe for other sources of fuel are zeroing in on a flotilla waiting to unload off the coast of Venezuela. Almost no fuel tankers have sailed from Texas for Latin America in six days, according to...

  • View of damages in a supermarket in Valencia, Carabobo State, on May 5, 2017, the day after anti-government protesters looted stores, set fire to cars and clashed with police, leaving at least five people injured, and one dead after being hit in the head by a projectile.

    Venezuela has moved closer to defaulting on its debt, according to ratings agency Fitch.

  • CARACAS/ HOUSTON, Aug 30- U.S. sanctions on the finance boss of Venezuela's oil company PDVSA have led to some exports to the United States being blocked as banks and investment funds refuse to provide letters of credit to potential buyers, three financial sources said. A Venezuelan oil shipment to the United States was blocked this month as lenders refused to...

  • Cryptocurrency background (mining rig), Close up of array of GPUs for mining rig machine to mine for digital cryptocurrency such as bitcoin, ethereum and other altcoins.

    Bitcoin's inherent risk takes on a whole new meaning in Venezuela.

  • North Korean leader Kim Jong Un reacts during the long-range strategic ballistic rocket Hwasong-12 (Mars-12) test launch in this undated photo released by North Korea's Korean Central News Agency (KCNA) on May 15, 2017.

    Additional U.S. sanctions on several countries and third-party entities are sending jitters due to the impact to global supply chains.

  • President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company on Friday in an effort to halt financing that the White House said fuels President Nicolas Maduro's "dictatorship." Maduro, who has frequently blamed the United States for waging an "economic war" on Venezuela, said the...