The International Energy Agency (IEA) has warned that crude supplies from Venezuela are at risk of falling sharply. The agency’s monthly report indicates that the lower production out of the troubled country could be a “challenge” for the world’s oil markets. “Geopolitics has added another complication to the global oil […]
Venezuela is entering the fifth day of its worst blackout in decades. President Nicolás Maduro blamed “American imperialism”, specifically US cyber attacks, for the power outage. But experts believe the lack of maintenance and funding of the national power grid is the real culprit. Many hospitals are without power, public […]
A massive blackout has hit most of Venezuela, an anomaly even for a country that has frequent power shortages. President Nicolás Maduro blamed “American imperialism” for starting an “electricity war” with the Venezuelan people. Critics say the power grid is decaying because the government is not maintaining and funding it. […]
Venezuela is in the depths of a crippling political crisis, precipitated by a hotly-contested election in January 2019. During the crisis, opposition lawmaker Juan Guaidó has risen as a credible threat to President Nicolás Maduro. Guaidó is backed by the US and many other countries, and has been seeking to […]
Oil shipments from Venezuela have reportedly fallen by more than a third over the past month. That’s after the Trump administration imposed sanctions on the country’s state-run oil industry. The sanctions were rolled out in an attempt to cripple the government of President Nicolas Maduro, who is facing global pressure […]
Senator Marco Rubio (R) has continued to advocate for Venezuelan opposition amid a deepening crisis, amplifying reports of protests and alleged human rights abuses, and posting aggressive tweets. Rubio has been a longtime supporter of the Venezuelan opposition because of President Maduro’s association with the Cuban government. On Sunday, he […]
The Bank of England has reportedly frozen £1.2 billion ($US1.56 billion) of the gold reserves it holds for the Venezuelan regime just days after the UK and other European leaders recognised Juan Gauidó as the country’s leader. Venezuela has been crippled by high levels of poverty and inflation under Nicolas […]
Venezuela’s credit markets are rallying after President Trump announced that he would recognise Juan Guaidó as the country’s legitimate head of state. Guaidó’s initial legislative challenge sent the country’s bonds to a five month high which has been surpassed today. Venezuela’s state-owned oil company Petroleos de Venezuela’s bonds also rallied […]
Venezuelans mining for gold fragments in national park that inspired Disney’s “Up’. Constantly rising currency inflation means small amounts of gold are being used to pay for everyday staples. A UN heritage site famous for green tourism is now home to multiple mines. Venezuela’s economic crisis has forced citizens living […]
Business Insider sat down with John Maisto, the former US ambassador to Venezuela, to talk about what could be ahead for the crisis-ridden country. Maisto also served as ambassador to Nicaragua and the Organisation of American States, and was the senior director for the Western Hemisphere on the National Security […]
In a plan designed to tackle hyperinflation, Venezuelan President Nicolas Maduro on Friday announced plans to raise his country’s minimum wage and create a single exchange rate pegged to his government’s petro-backed cryptocurrency, effectively devaluing the country’s currency by 96%, Reuters reported. Venezuelans rushed to shops Friday to stock up […]
Venezuelan Attorney General Tarek William Saab said officials have identified the suspects involved in Saturday’s alleged assassination attempt on President Nicolas Maduro. The announcement comes after officials said they had arrested six people in connection to the alleged attack. Venezuelan officials said the six people arrested had expressed anti-government sentiment […]
Inflation in Venezuela rose above the 40,000% mark this week. The Maduro regime is bleeding money. Some economists say the economy will continue to spiral as long as Maduro holds power. Venezuela’s inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country […]
Venezuelan President Nicolas Maduro secured another term last weekend in what was widely seen as a fraudulent election. One research firm thinks Maduro could be overthrown by the military before the end of 2018. But some think the military lacks the leverage, credibility and motivation. Hours before Venezuelan leader Nicolas […]
Venezuelan President Nicolas Maduro...
LONDON -- The South American state of...
Political and economic crisis have erupted in...