Venezuela is proposing a sweeping overhaul of its energy industry, scaling back the role of the state and handing over greater control to private firms in an effort to boost plummeting output
Venezuela’s government is proposing a sweeping overhaul of its energy industry, scaling back the role of the state and handing over greater control to private companies in an effort to boost plummeting oil output, according to a government presentation.
The proposal, which was compiled last month by a special restructuring committee appointed by President Nicolás Maduro, comes as corruption and mismanagement have crippled national oil monopoly Petróleos de Venezuela SA, or PdVSA. A raft of U.S. sanctions more recently have...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman gives five reasons to get more positive on energy stocks, lists some favoritesNew for subscribers: Goldman gives five reasons to get more positive on energy stocks, lists some favorites Check out CNBCPro for a free trial.
Read more »
Six US oil firms are expected to shut 300,000 barrels per day of production in May and JuneMajor U.S. energy companies are taking an axe to their rig numbers, deepening production cuts for the industry that in the last few years made America the world's number one oil producer.
Read more »
Top energy investor: The pandemic could fuel these 3 industries - Business InsiderThe CEO of a $681 million energy-investment firm says the coronavirus pandemic will give these 3 sectors a boost — but threatens to unravel one other
Read more »
Energy demand set to fall the most on record this year amid coronavirus pandemic, IEA saysA new report from the International Energy Agency forecasts a 6% drop in global energy demand for 2020, the largest ever in absolute terms.
Read more »
Junk Bonds Bounce Back, Raising Hopes—and ConcernsA rally in corporate debt is enabling riskier companies to raise much-needed cash while fueling debate over whether investors have grown overly optimistic about the economy.
Read more »
28 Ways to Ensure You Orgasm Every Time You Masturbate28 Tips and Tricks to Ensure You Orgasm *Every* Time You Masturbate
Read more »