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By Edition On Friday, May 26th, 2017

Venezuela secretly plotted to sell banned Syrian oil to the U.S.

WASHINGTON - Syria and Venezuela plotted in recent years to evade international sanctions on Syria through a secret deal to transport its crude oil through Russia to the Caribbean. The previously undisclosed plan More...

By Edition On Tuesday, March 22nd, 2016

Global oil power Venezuela suddenly has a thirst of U.S. crude

Venezuela, owner of the world’s largest crude oil reserves, suddenly has a deep thirst for American oil. Petroleos de Venezuela SA, the state-owned oil company, has ordered millions of barrels of crude from the More...

By Edition On Tuesday, February 23rd, 2016

Venezuela’s descent into world’s riskiest sovereign credit

Venezuela is running out of money. The price of oil, which makes up almost all of the country’s exports, has tumbled 75 percent in the past three years and investors are predicting the country is on course for More...

By Edition On Tuesday, February 9th, 2016

World’s largest energy trader sees a decade of low oil prices

Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house. "It’s More...