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Bankrupt Venezuela Is Demanding Oil From JV Partners Without Payment

Now that Venezuela, and its state-owned petroleum company PDVSA, were both officially declared in default on their debt by ISDA last Friday, analysts were closely watching what the insolvent Maduro government would do next, now that it is – at least on paper – isolated from most international capital markets (with the occasional loophole when […]


Venezuela Bans Magazines From Publishing Photos Of Women In Bikinis

While Venezuela’s embattled government struggles with the fallout from being declared officially in default by ISDA after delaying a principal payment on the Petroleos de Venezuela SA, or PDVSA, bond that matured Nov. 2, its Supreme Court has been busy robbing the country’s downtrodden public one of the few small pleasures still available in a […]