Venezuela oil industry facing near collapse, inventories go up by 84%

Venezuela oil industry facing near collapse, inventories go up by 84%

By Anna Domanska - Oct 25, 2020

Venezuela is facing an economic and humanitarian crisis with its main industry–oil production facing sanctions and falling prices.

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Liquid Rich and Monetarily Poor Venezuela

Liquid Rich and Monetarily Poor Venezuela

By Christy Gren - May 08, 2017

The civilian disaster that Venezuela is facing currently is not news from yesterday or the past month. It is the unfolding of a saga being made for years now. Even though this nati

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Venezuela Prepares to Nationalize its Gold Industry

Venezuela Prepares to Nationalize its Gold Industry

By Carrie Ann - Aug 18, 2011

In a move aimed at halting illegal mining as well as boosting the country’s gold reserves, Venezuelan President Hugo Chavez has announced plans of taking over Venezuela’s l

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OPEC Impasse Leaves Output Levels Unchanged. Oil Prices Soar

OPEC Impasse Leaves Output Levels Unchanged. Oil Prices Soar

By Carrie Ann - Jun 09, 2011

An organization known for the high value they place on consensual decision-making, OPEC admitted after the cartel’s meeting that they had left output levels unchanged due to lack

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