Venezuela delays crude shipments


HOUSTON - Venezuelan state oil company PDVSA has delayed and cancelled crude deliveries to commercial partners in recent months, according to documents seen by Reuters, a further sign of the steady production decline of the country's top export. From October through January, PDVSA cancelled or delayed delivery of almost seven million barrels of crude More...

by Edition | Published 1 month ago
Curacao Statistics
By Edition On Monday, February 13th, 2017

Consumer prices in December – Prices 0.2 percent higher compared to November; Inflation in 2016 was 0.0 percent

WILLEMSTAD - The consumer price index of Curacao in the month of December 2016 increased by 0.2 percent compared to November 2016. Measured over the twelve months to December 2016, prices remained stable compared More...

By Edition On Friday, February 10th, 2017

Venezuela falls behind on oil-for-loan deals with China, Russia

Venezuela’s state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters. The More...

Santo Domingo
By Edition On Wednesday, February 8th, 2017

Curaçao wants to import Dominican products due to Venezuelan crisis

WILLEMSTAD – This week the government of Curaçao said that it is interested in importing agricultural products from the Dominican Republic after the collapse of relations in that field between the island and More...

By Edition On Monday, February 6th, 2017

El Mas Rapidito winner of case against Central Bank

PHILIPSBURG – El Mas Rapidito (EMR) Courier Services N.V. has won the court case against the Central Bank of Curaçao and St. Maarten. The money-transfer operation initiated legal action, after the bank published More...

By Edition On Friday, February 3rd, 2017

World Bank Group visits Curaçao to meet with representatives of the financial sector

WILLEMSTAD - Last week a delegation of 3 representatives of the World Bank Group (WBG) visited Curacao to meet with representatives of the financial sector as part of the assessment to be done by the WBG on the More...

By Edition On Wednesday, February 1st, 2017

Caribbean Association of Banks urges compliance with FATCA

WILLEMSTAD - The Caribbean Association of Banks (CAB) has expressed concern about the number of countries in the region which have not yet put in place inter-governmental agreements (IGAs) with the United States More...

By Edition On Monday, January 30th, 2017

No cash: PDVSA tankers stuck off Venezuela

WILLEMSTAD - More than 4 million barrels of Venezuelan crude oil and fuels are stuck in tankers in the Caribbean because Venezuela’s state-run oil firm cannot afford to pay for cleaning dirty tankers and port More...

By Edition On Friday, January 27th, 2017

Millions of barrels of Venezuelan oil stuck at sea in dirty tankers

HOUSTON (Reuters)- More than 4 million barrels of Venezuelan crude and fuels are sitting in tankers anchored in the Caribbean sea, unable to reach their final destination because state-run PDVSA cannot pay for hull More...

By Edition On Wednesday, January 25th, 2017

Economic boycott against Venezuela

WILLEMSTAD – The Netherlands and Curaçao should institute an economic boycott against Venezuela. This is according to Henry van der Kwast, Chairman of the Board of the local airline Insel Air. The reason for More...