Venezuela may sit on more known oil than any other nation, but it produces relatively little oil these days. From a high of 3.5 million barrels per day in the 1970s, the country produces only ...

More negative news about Venezuela came up recently, on Dec. 1, when the country was suspended from MERCOSUR (the South American Trade bloc). This means there will be an additional burden on the ...

When we last checked in with Venezuela, the country was already being crippled by shortages. The situation has deteriorated further. Water is now rationed by the government, and some residents ...

The combination of these economic pressures, along with ongoing political and social challenges, underscores the complexity of Venezuela's recovery path. This chart shows key facts about the ...

One place in Venezuela, near the confluence of the Catatumbo River and Lake Maracaibo, experiences dazzling lightning storms almost every day, making it Earth’s most electric spot.

All have been declared free and fair including by international bodies such as the EU and Organisation of American States (OAS).In September 2012 former US President Jimmy Carter said “the election ...

CARACAS, Venezuela –Here are some facts about Venezuela, which votes on Sunday in elections that could see the opposition win control of the legislature:. History. Explorer Christopher Columbus ...

Venezuela will almost triple the amount of debt it takes on this year and trim its budget to offset lower oil revenues in the OPEC nation, leftist President Hugo Chavez said on Saturday.

The United Nations says that more than 1.6 million Venezuelans have left their country since the start of 2015, generating an international migrant crisis that has set off alarms in South America ...

Venezuela is postponing the nationalization of Banco Venezuela, a local unit of Spain's financial conglomerate Grupo Santander <SAN.MC>, as tumbling oil prices bite into the OPEC nation's income.

These 5 facts explain what you need to know about Venezuela right now. Read More: Inside the Booming Smuggling Trade Between Venezuela and Colombia 1. Feeling the Pinch When we last checked in ...