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BOGOTA/HOUSTON -The U.S. continues to engage with representatives from the government of President Nicolas Maduro of Venezuela, State Department official Brian A. Nichols said on Tuesday, as the... -December 05, 2023 at 04:17 pm EST - MarketScreener

A former chief executive officer at U.S. oil refiner Citgo Petroleum helped alleged Venezuelan drug trafficker Carlos Orense move money in the mid-2000s, a witness at Orense's trial in New York testified this week. Antonio Arvelaiz, who has said on the witness stand he helped Orense traffic cocaine from 2003-2010, said on Monday he was present for conversations in 2003 or 2004 in which Orense and the former CEO, Luis Marin, discussed using Citgo contracts to get drug proceeds out of the Un...

BOGOTA/HOUSTON (Reuters) -The U.S. continues to engage with representatives from the government of President Nicolas Maduro of Venezuela, State Department official Brian A. Nichols said on Tuesday, as the Biden administration considers whether to reinstate energy sanctions on the country. The U.S. has said the Maduro government failed to meet certain conditions to avoid a reversal of some or all of the October relaxations. "We are continuing to engage in conversations with Maduro representa...

India last imported Venezuelan crude in 2020. Access to Venezuelas heavy oil could cap import costs for India, which has become a major Russian oil buyer, and further reduce its reliance on the Middle East.

Euphoria is already spreading through developing-nation assets, spurring a 7.9% rally in stocks and a 6.7% run-up in sovereign bonds for November.

Most emerging markets stocks and currencies edged up on Monday, while Indian stocks hit new record highs after a string of state election wins for the ruling party, and investors analysed Turkish...

The Maduro regime is threatening to destabilize the Caribbean in a bid for offshore oil reserves, in a move likely to invite back crippling US sanctions.

Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance RELI.NS set to meet executives…

An unpopular president holds a referendum to distract voters from his failings | The Americas

The resumption of trade between Venezuela, an OPEC producer, and India, which was once the second-largest destination for Venezuelan oil, comes after Washington temporarily lifted sanctions in October, allowing crude and fuel exports. Most of these transactions occurred through middlemen and traders, primarily to China, , opec, oil price