U.S. President Donald Trump's cancellation of licenses for foreign oil companies to operate in sanctioned Venezuela will ...

Inflation in Venezuela for October of 2021 was 8.1%, for a YoY record of 1,258%, according to a report from the Venezuelan Observatory of Finance (OVF) released Monday. After Monday's data ...

In 2024, Venezuela faced a difficult situation. The country’s yearly inflation rate reached a staggering 85%, a significant increase from the already concerning rises before September of that year.

President Donald Trump said he plans to revoke Chevron Corp.’s oil license to operate in Venezuela, threatening to torpedo the nation’s slow economic recovery.

Venezuela is undergoing a major crisis, which is evidenced by inflation in quadruple digits and shortages of food and medicine. Many economists blame the 15-year-old currency control system for ...

Trump’s corollary to the Monroe Doctrine – “speak loudly AND carry a big stick” – has not been applied full force on ...

The cancellation on Wednesday is the latest economic challenge for Venezuelan President Nicolas ... measures to tamp down formerly sky-high inflation, restricting credit, curbing public spending ...

Venezuelan dollar bonds and those of PDVSA ... The oil producer also paid taxes and royalties. Inflation, helped by the steady exchange rate, closed last year at 48%, according to Maduro.

Venezuelan dollar bonds and those of PDVSA ... The oil producer also paid taxes and royalties. Inflation, helped by the steady exchange rate, closed last year at 48%, according to Maduro.

Trump's Cancellation of Oil Licenses Likely to Stoke Venezuela Inflation (Reuters) - U.S. President Donald Trump's cancellation of licenses for foreign oil companies to operate in sanctioned ...