Will Venezuela become oil biggie? As US lifts sanctions, experts weigh in
The Joe Biden administration removed the majority of the six-month limitations on Venezuela's ability to produce, sell, and export oil to specific markets...
Tag : Venezuela
Iran prepares to launch cryptocurrency ‘to overcome US-led financial blockade’
Its collective effort toward building a state currency is led by the Post Bank of Iran in association with the country's Central Bank...
OPEC members to decide on oil prices this week
OPEC is scheduled to meet this week in Vienna to discuss raising production rates, ahead of a meeting with Russia and non-OPEC members ...
Donald Trump bans the US from transacting in Venezuelan cryptocurrency Petro
With the ban being implemented, Venezuela has plunged into economic adversity again...
Inflation in Venezuela is expected to touch 700%
Many citizens can no longer afford to feed themselves leading to protests Marcus Turner Jones September 23, 2016: Venezuela remains in crisis, facing the largest demonstrations that the country has ever seen. The scale of the crisis has caused President Nicolas Maduro to declare a ‘constitutional state of emergency’, with rival pro and anti-government activists...
Russia seeks a bite of Latin America
Renewing and strengthening ties in a bid to alleviate food shortages back home Kamilia Lahrichi April 2, 2015: Russia’s Foreign Minister Sergey Lavrov courted Cuba, Nicaragua, Colombia and Guatemala during a four-day visit to South America in March 2015 to boost bilateral trade, as food shortage is hitting his country hard. Last year, Moscow banned...
Tough time ahead for oil companies
While big players are streamlining operations, smaller ones look to get acquired Suparna Goswami Bhattacharya Analysts expect oil price to come down to $43 a barrel in second quarter of 2015 Oil companies look for ways to cut costs Big players go in for layoffs Oil price: No looking up for now January 27, 2015:...
Oil trade: No sign of prices going up
Some analysts claim that OPEC will not last more than 50 years Suparna Goswami Bhattacharya November 27, 2014: Economists dealing with oil prices and stability were in for a shock when global oil prices started to tumble this year. After three years of relative calm wherein prices moved less than three percent year-on-year, the sudden...
Bolivia’s Evo Morales wins a third consecutive term
Left-leaning president, an Aymara Indian and a former coca farmer, becomes the longest serving leader and incumbent head of state in the Andean country Kamilia Lahrichi October 17,2014:Since his first election in 2005, Evo Morales has propelled economic growth in what was once one of the worst performing economies in Latin America, and enacted redistributive...