Vens Restructure Debt, But Default Looms
Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy…
PDVSA Debt Payment to Test Vens Socialist Party
Venezuelan state oil company PDVSA faces a $1.2 billion bond payment on Thursday that will test the ruling Socialist Party's resolve to pay its foreign debt despite a crippling economic…
Former Brazil Senator Sentenced in Petrobras Probe
A former Brazilian senator was sentenced on Thursday to 19 years in prison for corruption, money laundering and obstruction of justice in the investigation of kickbacks at state-run oil company Petrobras.
US Church Leases Drilling Rights
asting the fight against climate change as an urgent moral duty, Pope Francis in June urged the world to phase out highly-polluting fossil fuels. Yet in the heart of U.S. oil country…
