Venezuela is a failed Petrostate – crippled by inherent distortions of a one-dimensional economy. Rebuilding a "new and improved" Petrostate is destined to fail (again).

Venezuela’s currency has fallen nearly 20 per cent on the black market since the US capture of President Nicolás Maduro, as uncertainty pushes citizens to hoard dollars and the partial US oil blockade ...

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

Economic instability in Venezuela after the U.S. raid to capture its president is deepening inflation and rattling the currency, sending grocery bills soaring for millions of people.

Jan 21 (Reuters) - The head of Venezuela’s main business association said the group welcomes the economic measures announced ...

The move follows the Trump administration’s authorization of two of the world’s largest commodities traders to sell Venezuelan oil. That revived hopes that some proceeds could reach the parched ...

Venezuela’s interim president Delcy Rodriguez confirmed Tuesday that her country would start using revenues from a ...

The Bolivar, Venezuela's national currency is still under intense strain as the nation struggles with ongoing economic instability, sanctions and new political unrest. The official Bolivar-dollar ...

Venezuelas money, the bolivar, is sinking faster and faster under an intensifying political and economic crisis that has left citizens destitute and increasingly desperate. On Thursday alone, the ...

Venezuela will allocate $300 million in oil revenue to banks to sell on the official exchange market, a move aimed at temporary currency stabilization, sources say The Silicon Review.

Washington began clamping down on those sales in December by seizing tankers carrying sanctioned Venezuelan crude.