Venezuela's once-proud oil industry is collapsing
Venezuela's oil industry is in crisis. What was once the backbone of Latin America's most prosperous nation is now a constellation of rundown projects, shuttered infrastructure and empty stillness.
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Venezuela gasoline prices, 17-Feb-2020
Venezuela: The price of octane-95 gasoline is 6 Venezuelan Bolivar per liter. For comparison, the average price of gasoline in the world for this period is 10803.17 Venezuelan Bolivar. The chart below shows the price of gasoline in the country relative to other countries. Use
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Comes to the Rescue of Venezuela’s Run-Down
A Chinese contractor has agreed to shore up Venezuela’s derelict refining network to ease fuel shortages, potentially complicating the Trump administration’s push for regime change in the oil
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Oil Prices Fall Despite Iran, Venezuela, Libyan Supply
But since oil has hit $80, Saudi Arabia, who has seemed to cool its IPO ambitions, has been steadfast in its generous commitment on behalf of OPEC to ramp up production as Venezuela struggles, and
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Workers Flee and Thieves Loot Venezuela’s Reeling Oil
Desperate oil workers and criminals are also stripping the oil company of vital equipment, vehicles, pumps and copper wiring, carrying off whatever they can to make money. Venezuela’s oil
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