Venezuela's collapse was its fate as a petrostate, with overvalued currency stunting the private sector, and oil volatility undermining the public sector.

In fact, given the economy’s high dependence on oil revenue, some kind of recovery is all but certain. U.S. President Donald Trump has allowed Venezuela to begin selling its oil in global markets. As ...

Jan 16 (Reuters) - Four Venezuelan banks were notified this week by ‌the country's government that they will split $300 ‌million of oil revenues deposited in an account in Qatar, enabling them to sell ...

Venezuelan leaders face an unprecedented economic crisis, and their currency is almost worthless. So they created a new one. Venezuela’s government on Tuesday launched the world’s first sovereign ...

Venezuela's interim leader Delcy Rodriguez said Tuesday that her country has received $300 million from a US sale of Venezuelan crude and she will use it to prop up her country's battered currency, ...

In late January the United States announced widespread sanctions against Venezuela’s state-owned energy company PDVSA, ratcheting up pressure on the repressive regime of Nicolas Maduro in an attempt ...