A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.

Oil will remain the center of economic capability and economic development for decades to come.

Critics say using the oil reserve for anything other than an oil supply disruption is unwise.

China has decided to invest &.25 million to help slow the decline underway in Venezuela.

India was in touch with Iran on several issues. including on US’s withdrawal from the Iran nuclear deal. signed in 2015.

US sanctions against companies involved in Nord Stream 2 could be in the pipeline.

NOC has lifted force majeure on El Feel oilfield. which was declared on February 23 this year.

Kazakhstan keeps on increasing oil production despite its participation in OPEC+ deal.

Germany. Britain and France have asked the Trump Administration to provide exemptions for EU companies.

Russia is studying all legal issues related to the possible deal.