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Geopolitics / South America

Blackout Shuts Down Venezuela’s Oil Exports

Mar 11, 2019 at 16:39 | Nick Cunningham

Venezuela suffered a sweeping blackout last week, which threatens to cut off oil exports from the country. U.S. sanctions have already severely impacted oil operations, leaving cargoes stranded off the…

Russia To Defend Its Venezuela Oil Assets In ‘Toughest Way Possible’

Mar 06, 2019 at 12:41 | Tsvetana Paraskova

Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference in Venezuela’s domestic affairs. At…

Washington Tightens Grip On Venezuela With New Sanctions

Feb 26, 2019 at 13:33 | Irina Slav

The United States announced new sanctions against Venezuelan government officials this week as the situation in the country that’s home to the world’s largest oil reserves continues to escalate. The…

Venezuelan Opposition Could Soon Take Over Citgo

Feb 12, 2019 at 14:11 | Irina Slav

The Venezuelan opposition led by Juan Guaido could soon become the owner of PDVSA’s U.S. refining business, Citgo, in what would only deepen the chaos surrounding the country’s state oil…

Russia Begins To Fear Maduro May Lose

Feb 07, 2019 at 16:14 | Tsvetana Paraskova

Russia—one of the key supporters of Nicolas Maduro in the Venezuelan crisis—has stood by the Venezuelan leader for years and has poured billions of U.S. dollars in the Latin American…

Venezuelan Opposition To Fund Regime Change With U.S. Oil Money

Feb 07, 2019 at 09:31 | Irina Slav

Venezuela’s opposition will use oil export proceeds collected in a U.S.-based fund to finance its attempts to overthrow the government of Nicolas Maduro, Reuters reports, citing Carlos Paparoni, a…

Venezuela Crisis Deepens As The World Take Sides

Jan 25, 2019 at 13:37 | Tsvetana Paraskova

The political standoff in Venezuela continues as the world watches with apprehension and countries begin to take sides, backing one of the two leaders claiming to be president of the…

Chaos Erupts In Venezuela As Trump Backs New President

Jan 23, 2019 at 17:06 | Nick Cunningham

The Venezuelan opposition staged massive protests in dozens of cities across the country on Wednesday, putting President Nicolas Maduro in jeopardy. Importantly, the protests came with the blessing of the…

Maduro Clings To Power As Venezuela’s Oil Collapse Continues

Jan 10, 2019 at 16:38 | Nick Cunningham

Venezuelan President Nicolas Maduro was inaugurated for a second term on Thursday, despite presiding over an economic meltdown of historic proportions and his status as an international pariah. A coalition…

Venezuela: A Real Threat To Guyana's Oil Boom

Dec 27, 2018 at 09:27 | Nick Cunningham

Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A day later, Venezuela’s navy…

ExxonMobil Faces Off With Venezuela’s Navy

Dec 24, 2018 at 09:25 | Irina Slav

Exxon has suspended exploration activities in the western part of the Stabroek block offshore Guyana after the Venezuelan Navy intercepted this weekend two exploratory vessels in what Caracas claimed was…

Is Trump Eyeing A Coup In Venezuela?

Sep 27, 2018 at 16:55 | Nick Cunningham

The Trump administration and some others in the U.S. government have sent some not-so-subtle hints lately that they are open to a military invasion of Venezuela to oust President Nicolas…

Venezuela Can Wreck U.S.-Chinese Relations

Sep 21, 2018 at 17:10 | Irina Slav

When the New York Times earlier this month reported that President Trump had met with Venezuelan military officers unhappy with the country’s government to discuss a coup against Nicolas…

Crackdown Looms As Maduro Survives Assassination Attempt

Aug 06, 2018 at 16:39 | Nick Cunningham

Venezuelan President Nicolas Maduro has begun rounding up suspects after he avoided an attempted assassination over the weekend, raising the possibility of yet another security clampdown on the already suffering…

The Demise Of Petrocaribe

May 10, 2018 at 10:44 | Jose Chalhoub

Petrocaribe was a mechanism created in 2004 under the sponsorship of former Venezuelan President Hugo Chavez, allegedly to promote energy cooperation and integration between Venezuela and a number of states…

Did Venezuela Just Lose A Key Ally?

Mar 21, 2018 at 14:58 | Nick Cunningham

Venezuela’s debt crisis is only expected to grow worse this year, and the government could be without one of its most important benefactors, raising the odds of yet another default.…

Venezuela Rakes In $735 Million From El Petro Proceeds

Feb 21, 2018 at 09:17 | Irina Slav

Venezuela said it had generated US$735 million from the pre-sale of its cryptocurrency backed by crude oil. President Nicolas Maduro saw cryptocurrency sales as a way around Venezuela’s severe…

A Long-Term Threat To Colombian Oil

Feb 06, 2018 at 12:04 | Global Risk Insights

Tracking attacks on oil and gas infrastructure in Colombia can be a mammoth task. Since it was inaugurated in 1986, the Caño Limón–Coveñas pipeline, operated by state-owned company Ecopetrol (NYSE:EC),…

Maduro: Venezuela Could Stop Crude Oil Sales To U.S.

Nov 29, 2017 at 10:56 | Tsvetana Paraskova

True to his ‘anti-imperialistic’ rhetoric, Venezuela’s embattled President Nicolas Maduro now says that his country could stop selling its crude oil to the United States. “The day that they…

Maduro Tightens Grip On PDVSA As Production Plunges

Nov 27, 2017 at 09:25 | Irina Slav

In a surprise move, Venezuelan President Nicolas Maduro named a National Guard major general as the new head of PDVSA and the country’s oil ministry. The appointment does not bode…

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