Venezuela’s oil output crash is costly for U.S. refiners


U.S. production is at an all-time high, while output from the Latin American nation, despite a modest increase in January, is in decline. As a result, U.S. crude’s typical premium to heavy Venezuelan oil shrank to as small as 31 cents a barrel Friday, the narrowest since October.


Opinion: Resource rich but cash poor?


How should poor countries which find themselves rich in oil and gas use their wealth to build a sustainable future for their people? There is a wide range of options and plenty of examples of how to get it wrong.


Venezuela’s Maduro extends olive branch to Trump


Venezuelan leader Nicolas Maduro has said he wants a meeting with US president Donald Trump - the man he ridicules as a crass imperial magnate and blasts for sanctions against officials in his socialist government.


Nationwide strike erupts in Venezuela


A nationwide strike against plans to rewrite the constitution shut down much of Venezuelan’s capital before erupting into sporadic violence when protesters clashed with riot police and burned a post office near the headquarters of the main state-run broadcaster.