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Page 3 - Venezuela Economy
Three years after $1-billion Venezuela deal, US oil firm shuts doors
Horizontal never completed the wells, its financial backer took a provision for losses on the loan, and Venezuela's production continued to fall
 "Three years after $1-billion Venezuela deal, US oil firm shuts doors")
Updated On : 12 Jan 2020 | 1:06 AM IST
A cigarette or a candy bar, that's all you need to buy fuel in Venezuela
Bartering at the pump has taken off as hyperinflation makes Venezuela's paper currency, the bolivar, hard to find and renders some denominations all but worthless, so that nobody will accept them
 "A cigarette or a candy bar, that's all you need to buy fuel in Venezuela")
Updated On : 26 Oct 2019 | 9:50 PM IST
Fuel shortage the new normal in Venezuela as it suffers 5th yr of recession
Venezuela produced more than 2 million barrels per day (bpd) of crude last year but by September output had fallen to just 1.4 million bpd
 "Fuel shortage the new normal in Venezuela as it suffers 5th yr of recession")
Updated On : 14 Nov 2018 | 8:07 AM IST