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Exxon Mobil and Venezuela’s national oil company, Petróleos de Venezuela SA, have ended their business partnership and will sell the refinery they co-own in Louisiana. The refinery will go to PBF Energy Inc., which is based in New Jersey. PBF is buying the refinery in Chalmette, which is about 10…
Venezuelan President Nicholas Maduro has condemned comments made by American presidential candidate Donald Trump after the celebrity real estate mogul and reality-show host blamed Mexico for many of the United States’ problems in his campaign announcement. “He’s a bandit, a thief,” Maduro said in a speech, describing Trump as a…
As a country with more proven oil reserves than Saudia Arabia, Venezuela was formerly known as one of most formidable oil producers in the world. However, Venezuela is now better known for its economic struggles, as the nation struggles with one of the most severe recessions it has ever seen.…
Recently, U.S. President Barack Obama embarked on a three-day trip to Central America and the Caribbean for what was much more than a tropical getaway. The President’s recent visit to Jamaica marks the first time a sitting president has visited the country for 33 years. Obama’s trip also marked the…
Deforestation is a major problem in many areas around the world, especially in Latin America. Unfortunately, despite the high number of nonprofit organizations and government agencies who have attempted to address this issue, finding an effective solution has been challenging. This is due in part to the scarcity of information…
Considered a rising star in the world of baseball and one of the Seattle Mariners’ highest-ranked pitching prospects, Victor Sanchez is reportedly clinging to life after being struck by a boat while swimming on Friday. Sanchez, 20, was struck by a watercraft while swimming at a beach in his home…
Venezuelan President Nicolas Maduro is wrapping up his week-long tour of Asia and Russia — and is not coming back to Caracas empty-handed. According to Bloomberg, Maduro embarked on his trip rather quickly in the hopes of convincing petroleum-producing countries such as Russia and Saudi Arabia to stabilize oil prices…
Falling oil prices within the last few months have sparked a series of reports in regards to which countries are strong contenders and which should bow out of the oil business gracefully. Though heavy-hitters like Russia and Iran are struggling, Venezuela is truly suffering. The oil industry accounts for over…