Venezuela’s oil boom crashed into a 73% economic contraction fueled by extreme subsidies, $300 billion lost to corruption, PDVSA underinvestment, and U.S. secondary sanctions that slashed oil output and deepened collapse.

Here are the basic questions about what happened on Jan. 3, the context you should know, and where things could go next, answered.

BY CASSIDY GODA Cassidy Goda is a Pre-Law/ Political Science Major at Skidmore College. She serves on the Saratoga Springs

Venezuela could lose the bulk of its oil export revenues this year if the U.S. blockade stays in place, according to internal government estimates, a scenario that would set off a humanitarian crisis.

Centrum Broking noted the transitioning of governments and investment by oil companies in less stable economies have proved to be a challenge over the past decade.

Prime Minister Mia Amor Mottley has cautioned that Barbados is now confronting the direct fallout from yesterday’s United States (US) military action in

A U.S. pressure campaign has been building for years, through a series of indictments, sanctions and, recently, military actions.

The dramatic events unfolding in Venezuela this week have sent shockwaves through global energy markets, but a leading business commentator says Southeast Saskatchewan shouldn’t panic just yet. Following the U.

Silver and gold surged while oil slipped as the Venezuela crisis triggered safe-haven demand and market volatility.

Venezuela tensions, boosted by safe-haven demand, geopolitical risks, and expectations of future Fed rate cuts.

The US government attacked Venezuela recently and captured its President Nicolás Maduro. Amid the recent political development, a clip from actor John Krasinski`s show Jack Ryan has been doing the rounds on social media.

In a further development, President Trump announced that Venezuela's interim authorities would provide between 30 million and 50 million barrels of high-quality