Topic: Petroleos de Venezuela SA

Repsol 'almost certain' to end offshore oil drilling in Cuba

Spanish oil company Repsol announced its potential withdrawal from exploration in Cuba, after spending close to $150 million on a dry well. What does this mean for Cuba?

Brazil, Venezuela, and Mexico: three ways to nationalize oil

Argentina's renationalization of its biggest oil company, YPF, recently caused an outcry. But the cases of oil nationalization in Brazil, Mexico, and Venezuela show that outcomes can vary widely.

Investors bet on Chavez: Big money in Venezuelan bonds?

Venezuelan bond prices soar as investors see a possible change in the way the country's finances are managed if Chavez isn't reelected, writes guest blogger Miguel Octavio. 

What's Ahmadinejad getting out of his Latin America tour?

Iranian President Mahmoud Ahmadinejad’s Latin America trip, a whirlwind four-nation tour that began in Venezuela on Jan. 8, is now taking him to the inauguration of Nicaraguan President Daniel Ortega. The trip is his fifth visit to the region since 2007 and has prompted alarm in some corners of the United States that Iran is using the region as a staging ground to attack US interests.

However, many who study Iran’s relationship with Latin America, in particular Venezuela, say fear of an Iranian threat in the Americas is overblown, at least at this point. Here are four reasons why:  

How an email saying Hugo Chavez was dead grew Venezuelan bond prices

Was it a computer virus in the faked Hugo Chavez death story?  Or was it market optimism about a post-Chavez Venezuela?  Guest blogger Miguel Octavio says that it might have been both.

Chávez opponent can run for president, but can't take office, says court

Venezuela's Supreme Court said that opposition leader Leopoldo López can't take office, even if he beats Hugo Chávez in next year's presidential race, despite an international court ruling otherwise.

Venezuela giving free gas to gas stations

Because of generous subsidies, Venezuelans enjoy the cheapest gas in the world. So why is the state oil company giving gasoline to gas stations for free?

Ahmadinejad's visit with Chávez likely to sour US-Venezuela relations

Hugo Chávez and his Iranian counterpart share a history of anti-US vitriol. This visit, Ahmadinejad's first since the US sanctioned Venezuela over trade with Iran, will likely add fuel to the fire.

In Venezuela, top Chávez rival sounds confident note after key court victory

An Inter-American Court of Human Rights (IACHR) ruling on Friday cleared opposition leader Leopoldo López to run for Venezuela's presidency next year.

Is $29 billion missing from Hugo Chavez's Fonden development fund?

Our guest blogger and his colleague look into why money in a massive fund in Venezuela is unaccounted for. Their efforts also shine light on a day of Venezuelan bureaucracy.

Hugo Chavez's take on his revolution's successes and failures

The Venezuelan leader, who is in Cuba for treatment, reflected recently on more than a decade in office.

Where is Hugo Chavez?

Venezuelan President Hugo Chavez has been recovering from an operation in Cuba, but his absence is reminiscent of Fidel Castro's illness in 2006 that eventually caused him to step down.

Venezuela threatens to interrupt US oil supply

The threat came in response to new US sanctions on Venezuela's state oil company, which currently provides about 10 percent of American oil imports.

New US sanctions target Iran's refined petroleum imports for first time

Analysts say the new US sanctions – seen as a move to weaken Iran's economy – are the Obama administration's response to critics in Congress who say the US has been slow to get tough.

Venezuelan state oil company hit with sanctions over Iran trade

Washington announced sanctions on PDVSA Tuesday for selling gasoline to Iran. The action is unlikely to slow the flow of Venezuelan oil to its No. 1 customer, the US.

Iran-Venezuela ties under US scrutiny

Iran's Mahmoud Ahmadinejad this week pledged to 'expand ties' with Venezuela, which is under US scrutiny for shipping oil allegedly in violation of sanctions.

Hugo Chávez challenges Venezuelan 'birthright' to cheap gas

In Venezuela, Humberto Patadilla pays just under $1 for 21 gallons of gasoline. If Hugo Chávez raises gas prices, he says, it could 'cause an explosion against him.'

Chávez vows to punish 'bourgeoisie speculation' after devaluing currency

Venezuelan President Hugo Chávez this weekend devalued the country's currency, the bolivar, by half, in a move that economists say underscores the dire economic straits of the oil-rich nation.

Venezuela: Teeing off on golf

Brazil's new oil framework: following in Chávez's footsteps?

President Luiz Inacio Lula da Silva hailed today as an 'Independence Day' for Brazil. Why? A controversial new plan to would give the government a 30-percent minimum stake in all future offshore oil projects.

Lower oil prices curtail Chávez's global, domestic influence

Amid a bid for reelection, Venezuelan President Hugo Chávez's oil subsidy and antipoverty programs may be on the chopping block.

Curaçao's crude legacy

A lake of asphalt and toxic fumes bedevil Curaçao. But who will pay to clean it up?

Venezuela's fork in the road: socialism or capitalism?

This election acts as a referendum on Chávez.

Brazil as a new kind of oil giant

As its peers in the region see their oil production slipping Brazil's state-controlled oil company Petrobras is entering a new era as the region's silent giant.

Falling oil prices dent Hugo Chávez's clout

With oil prices down by half since July, the Venezuelan leader's largess may dry up.