The US government forecasts new sanctions on Iran will cut Iran’s oil exports by 700,000 to 1 million barrels a day. Iran exported an average of about 2.1 million barrels of oil per day over the last year. Iran has begun to feel the squeeze as it looks to retain buyers in Asia. The National …
Firefighters say the “claimed assassination drone attack” was actually a gas tank explosion inside an apartment. President Maduro was giving a live televised speech in the capital city of Caracas on Saturday when, a government spokesman said, explosive-carrying drones went off near the president. Communications Minister Jorge Rodríguez called the incident an “attack” on the …
A cup of coffee in Venezuela costs 2 million Bolivars but the week before it was 1.4 million Bolivars. This means the prices are doubling every two weeks. 26 doublings in a year is 67 million which is 6.7 billion percent inflation. The Post-World War II hyperinflation of Hungary held the record where prices doubled …
Venezuela has begun to proactively shut-in oil production to cope with nearly replete terminal storage. This will further accelerate an output decline and bring them closer to 1 million barrels per day or even less. According to energy ministry official data communicated to Opec, Venezuela produced 1.533mn b/d of crude in May, up by 28,000 …
Analysis from Foreign Policy Review and the Miami Herald indicate the likelihood that China and Russia will continue to pay for a lot of influence in Venezuela and will build on existing relationships. The current situation in Venezuela is untenable. Oil production is declining, public unrest is spreading, inflation is up nearly 13,000 percentage points …
One U.S. dollar is worth 68,915 Venezuelan bolivar and one US dollar is worth 10,152 World of Warcraft gold gaming pieces. If you factor in the black market rate of the bolivar the currency’s current value is 636,771.03 per U.S. dollar. By that figure, WoW gold would be worth nearly 62 times as much as …
One U.S. dollar is worth 68,915 Venezuelan bolivar and one US dollar is worth 10,152 World of Warcraft gold gaming pieces. If you factor in the black market rate of the bolivar the currency’s current value is 636,771.03 per U.S. dollar. By that figure, WoW gold would be worth nearly 62 times as much as …
U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. The U.S. firm targeted facilities on the islands of Curacao, Bonaire and St. Eustatius …
U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. The U.S. firm targeted facilities on the islands of Curacao, Bonaire and St. Eustatius …
Miami Herald and Marco Rubio are Anti-Maduro (leader of Venezuela). Conditions are terrible for the people in Venezuela. Gangs are fighting with machetes over “quality garbage”. There are shortages of running water and almost no medical supplies. The US has signaled support for any military coup in Venezuela. “The world would support the armed forces …
A survey of 104 health facilities in Venezuela, commissioned by the opposition-controlled National Assembly, describes the huge problems with health care in Venezuela. * 79% of them had no running water at all. * 14% of intensive care units have been shut down * 25% of pediatric ICUs have been shut * most open ICUs …