Economy
Venezuela is approaching a pivotal moment in its long-running financial crisis as investors await a clearer picture of the country’s debt obligations and the potential scale of losses in what could become one of the largest sovereign debt restructurings ever attempted. The complexity of Caracas’......
Venezuela’s crude oil and fuel exports climbed to 1.25 million barrels per day in May, marking a third consecutive monthly increase. The growth reflects a steady recovery in the country’s energy sector as international buyers expand purchases of Venezuelan crude despite ongoing political......
Venezuela has officially launched a broad restructuring of its public debt in an effort to stabilize the national economy and restore confidence among international investors after years of financial crisis and default. The restructuring process includes debt linked to the Venezuelan government and......
The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing......
The United States has taken new steps to ease certain sanctions on Venezuela, aiming to encourage foreign investment in the country’s vast mineral resources, particularly gold. The decision reflects a broader shift in Washington’s policy toward reopening key sectors of the Venezuelan economy. According......
The number of foreign self-employed workers in Spain has surpassed a historic milestone, exceeding 500,000 registered contributors to the national Spanish Social Security System for the first time. According to figures released by the Ministry of Labour and Social Economy of Spain, the country currently......
Venezuela’s monthly inflation rate fell to 14.6 % in February, official figures show, down sharply from a 32.6 % increase recorded in January, according to the country’s central bank. While the monthly rate moderated, annualized inflation remains extremely high. Based on the central......
Authorities in the United States and Venezuela are reviewing dozens of confidential oil agreements signed during the rule of former leader Nicolás Maduro, according to Bloomberg, as part of an investigation that could complicate efforts to revive the country’s struggling oil sector. The......
Cuba is confronting its most severe fuel shortage since the collapse of the Soviet Union as oil sanctions imposed by the Trump administration intensify, prompting the government to activate emergency rationing measures while Washington simultaneously delivers humanitarian aid through the Catholic Church. Havana......
Venezuela’s state oil company, Petróleos de Venezuela, S.A. (PDVSA), has limited crude sales over the past two weeks to companies holding individual licences from the United States, curbing exports despite a broader general licence issued by US authorities earlier this year. According to......
Cuba is facing its most severe energy crisis in decades, with satellite imagery showing that nighttime lighting across the island has fallen sharply after efforts by the Trump administration to restrict its oil supply. The shortages have plunged large parts of the country into darkness, grounded international......
US Energy Secretary Chris Wright arrived in Caracas on Wednesday for talks with Venezuela’s interim president Delcy Rodríguez, marking the highest level visit by a US energy official to the South American country in nearly three decades. The meeting at the Miraflores presidential palace......
Nearly 70 oil tankers linked to Russia’s so called shadow fleet have reflagged under the Russian registry since May 2025, responding to a sharp escalation in Western sanctions enforcement that has left stateless vessels exposed to seizure on the high seas, according to maritime intelligence firm......
