Venezuela, Oil Sale and Petroleum industry in Russia
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President Donald Trump and Venezuelan interim President Delcy Rodríguez are banking on oil for the success of their political futures. But that may not be enough for Venezuelans who want more than just economic relief.
Venezuela assured Beijing that its oil pricing will not be dictated by the U.S. and that Chinese investment in the South American country will remain secure.
Hausmann warned that recent injections of dollars from oil sales do not solve structural economic problems under a “hyper-repressive” regime. View on euronews
Interim leader Delcy Rodríguez is liberalizing the economy without dismantling her predecessor’s repressive apparatus, raising questions about her aims.
Guyana and Venezuela share the same oil basin, but vastly different outcomes. This investor-focused analysis shows why institutions—not reserves—drive energy success.
Venezuela’s acting President Delcy Rodríguez on Thursday signed a law that opens the nation’s oil sector to privatization, reversing a tenet of the self-proclaimed socialist movement that has ruled the country for more than two decades.
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How Venezuela went from South America's richest to poorest economy despite massive oil reserves
Decades of nationalization, socialism, crony hiring and money printing turned Venezuela’s oil sector into a hollow shell, shrinking output, crushing incomes and forcing a historic exodus.
Dollars are trickling back into Venezuela, they’re the proceeds from the oil seized and by the U.S. That is helping to stabilize runaway prices in Venezuela—at least on paper. But for ordinary shoppers in Caracas,
IMF researchers show that satellite data, especially nighttime lights combined with machine learning can reliably estimate Venezuela’s economic growth even after official GDP data stopped being published.
Venezuela is a failed Petrostate – crippled by inherent distortions of a one-dimensional economy. Rebuilding a "new and improved" Petrostate is destined to fail (again).
The Trump administration is preparing to issue a license to formally allow more companies to drill for oil in Venezuela. A source familiar with the plan told The Hill that a general license could come as soon as this week.