Ecuador, the smallest member of the Organization of Petroleum Exporting Countries (OPEC), said on behalf of Latin American nations that the oil-producing economies must take
Tag: Venezuela
Russia Shows First Signs of the Implementation of Oil Production Freeze Deal
In February, Russia produced oil at the same rate as in January, at 10.88 million barrels per day (bpd), an almost 30-year high, regardless of
Venezuela: Default of a Major oil Producing Company Looming
The Venezuelan state-run oil company PDVSA has about $5.2 billion in payments to bondholders this year, most of it due in October and November. Analysts
Venezuela Signs a Deal with Russia’s Rosneft Worth $14 billion
Venezuela’s President, Nicolas Maduro, announced that Russia’s oil giant Rosneft and his country’s state-run PDVSA have agreed on a deal bringing about $14 billion in
Venezuela’s Pending Bankruptcy: Why and How Diversify?
Venezuela is facing a major economic crisis and despite the fact that you can still buy subsidized petrol in the centre of Caracas just for
Venezuela Stops Crude Imports from Algeria amidst Fears of Bankruptcy
Venezuela’s state-operated company PDVSA has decided to halt the imports of Algerian light crude, which is normally used to be blended with Venezuela’s own extra-heavy
OPEC: Iran and Venezuela to Lobby Together for Higher Prices
Iran’s leader Ayatollah Ali Khamenei confirmed during his meeting with Venezuela’s president on Saturday (10 January) that he supported the cooperation of both countries to