To put PDVSA’s depletion rate into perspective, let’s compare it to Exxon’s. At the end of 2015, Exxon’s depletion rate was 8.15% -- which is comparable to most of the world’s major oil ...

Venezuela's state-run oil company PDVSA has accumulated $21.2 billion in accounts receivable, according to documents viewed by Reuters, after turning to dozens of little known intermediaries three ...

Venezuela's state-run oil company PDVSA is reviewing accounts of Maroil Trading, owned by Venezuelan shipping magnate Wilmer Ruperti, over outstanding debts from petroleum coke supply, five ...

Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to documents reviewed by ...

PDVSA 7.25% 2017s were being quoted at 62.50-63.00 in afternoon trading, while the PDVSA 8.5% 2017s were spotted at 69.50-70.00 after breaching the 70.00 mark earlier in the day.

Venezuela's biggest debtor, PdVSA, just cut a deal with bond holders. After months of delay and worsening cashflow, the government owned oil major has decided on an exchange offer.

Venezuelans, desperate for fuel after months of shortages, have begun stealing crude from idled fields owned by state oil company Petroleos de Venezuela [PDVSA.UL] and distilling homemade gasoline ...

B y Miluska Berrospi. NEW YORK, Oct 10 (IFR) - One of the largest holders of the 2020 bond issued by Venezuelan oil company PDVSA is bracing for a possible default later this month on what is the ...

Venezuela’s state-run oil firm PDVSA is taking over crude shipments once managed by Chevron as sanctions drama and payment disputes derail the fragile oil détente between Washington and Caracas.

Venezuela’s national oil company, PdVSA, is expected to offer bondholders $7 billion in new bonds in exchange for existing debt. A dog walks with its owner in front of a PdVSA gas station in ...

The head of Venezuela’s state oil company warned Tuesday that “all options are open” including delaying upcoming bond payments, the latest sign that the day of reckoning is approaching for ...

Venezuela's government-run oil giant -- the country's largest source of cash -- is warning that it could default on its bonds as early as next week. Petroleos de Venezuela S.A., or PDVSA, failed ...