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Business Venezuela

  • CARACAS/ BOGOTA, Aug 22- Relations between Caracas and Washington are at their lowest point ever, Venezuela's President Nicolas Maduro said on Tuesday in a speech at the presidential palace for international media that was televised to the nation. "Unfortunately we are in the worst moment of the relationship with the government of the United States," said Maduro.

  • CARACAS/ BOGOTA, Aug 22- Relations between Caracas and Washington are at their lowest point ever, Venezuela's President Nicolas Maduro said on Tuesday in a speech at the presidential palace for international media that was televised to the nation. President Donald Trump should be respectful of each other and that relations between Venezuela and the United...

  • Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela.

    A default at Venezuelan oil giant PDVSA or sanctions on Iran's energy sector could jolt crude prices higher, Helima Croft said.

  • CARACAS/ BOGOTA, Aug 18- Venezuela's new legislative superbody was criticized by South American governments and Washington on Friday after giving itself the power to pass laws, superseding the opposition-led congress while ex-top prosecutor Luisa Ortega fled the country. Ortega arrived in neighboring Colombia on Friday, migration authorities in Bogota...

  • CARACAS, Aug 18- Venezuela's new legislative superbody on Friday gave itself the power to pass laws, superseding the opposition-led congress and fueling criticism by government adversaries that socialist President Nicolas Maduro is consolidating a dictatorship. South American trade bloc Mercosur condemned the assembly for usurping congress's...

  • CARACAS, Aug 18- Venezuela's alliance with Russia is "perfect," the president of state oil company PDVSA said on Friday, blasting what he said was a U.S.-led attempt to sully the growing ties between the two nations. Reuters last week published a Special Report revealing that Venezuela's unraveling socialist government is increasingly turning to Russia for the...

  • Last week, Trump said the United States had "many options for Venezuela including a possible military option if necessary." Pence said on Thursday that Venezuela was becoming a dictatorship and that the United States would not stand by while it was destroyed. He said he was sure the United States, with its allies in Latin America, would find a peaceful solution to...

  • MEXICO CITY, Aug 17- A tanker carrying a cargo of about 1 million barrels of Venezuelan heavy crude has been stranded for more than a month off the coast of Louisiana for lack of a bank letter of credit to discharge, three sources have told Reuters. Major banks are cutting exposure to Venezuela as a result of political upheaval in the South American country.

  • Opposition activists hold a protest against the newly inaugurated Constituent Assembly in Caracas on August 4, 2017.

    As Venezuela implodes, progressives' focus on income inequality is glaringly wrong, says Greg S. Jones in The National Review.

  • *China, Russia to get priority for Venezuelan oil if U.S. sanctions hit. SINGAPORE/ HOUSTON, Aug 15- Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.

  • Venezuelan president Nicolas Maduro celebrates the results of a referendum on a constitutional assembly in Caracas, Venezuela, on July 31, 2017.

    Venezuelan President Nicolas Maduro on Monday ordered the armed forces of the country to have military exercises in defense of the homeland.

  • Vice President Mike Pence sought to calm concerns in the region about Trump's talk, promising a peaceful solution to Venezuela's "collapse into dictatorship." Thousands of government supporters rallied in Caracas where they dennounced Trump's suggestion of a "military option" to resolve Venezuela's crisis. Over 120 people have been killed since...

  • Red flags for Russia's stake in Venezuelan oil

    With financials from Venezuelan state-owned oil company PDVSA under scrutiny, Russ Dallen, Caracas Capital Markets managing partner, discusses what would happen should the company default.

  • Vice President Mike Pence

    U.S. Vice President Mike Pence said a a peaceful outcome is possible to domestic political turmoil in Venezuela.

  • Donald Trump

    President Donald Trump's military threat "an act of craziness," Venezuelan Defense Minister Vladimir Padrino said.

  • CARACAS, Aug 11- Miguel Angel Martin says he knew he had to leave Venezuela when intelligence agents in black vehicles started tailing him, days after the opposition-run Congress named him a magistrate to an alternative Supreme Court in defiance of the government. He is one of 33 magistrates who President Nicolas Maduro threatened with jail after Congress...

  • Opposition activists hold a protest against the newly inaugurated Constituent Assembly in Caracas on August 4, 2017.

    Deteriorating security in Venezuela heightens the risk that oil companies will pull out and workers will strike or stay home.

  • 'Donald Trump, here is my hand': Venezuela's Maduro calls for talks with Trump

    Maduro said he would like to meet the U.S. President at a UN General Assembly next month.

  • Caracas/ Houston, Aug 11- Venezuelas unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive and offering prized state-owned oil assets in return, sources familiar with the negotiations told Reuters. Venezuela's state-owned oil firm, Petroleos de Venezuela, has been secretly negotiating since at...

  • Venezuela's President Nicolas Maduro speaks during a meeting with members of the Constituent Assembly in Caracas, Venezuela August 2, 2017.

    Venezuela’s President Nicolas Maduro has called on President Donald Trump to engage in a “personal conversation” just days after being hit with new sanctions by the U.S.