The Daily Journal — Major refineries and energy companies in the United States, Europe, and Asia are increasing their direct purchases of Venezuelan crude from Petróleos de Venezuela S.A. (PDVSA). According to a Reuters investigation, this strategy is beginning to reduce the role of the large trading houses that dominated the country’s oil exports during […]
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The Daily Journal — Vitol, one of the world’s largest commodity trading companies, has begun preliminary preparations to open an operational office in Venezuela, according to an exclusive report by Reuters. Three sources with direct knowledge of the matter told Reuters that the move comes as “global trading houses expand their role in crude exports […]
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The Daily Journal — Venezuela is preparing to disclose public debt approaching $240 billion, a figure far higher than previous market estimates and one that would make the country the center of the largest sovereign debt restructuring in history, the British newspaper Financial Times reported on Wednesday. According to the financial newspaper, the administration led […]
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