IMF Censures Venezuela

After failing to receive the appropriate economic information from the Venezuelan government, the International Monetary Fund (IMF) issued a declaration of censure against Venezuela.

European Union May Increase Sanctions on Venezuela

In a recent declaration, the European Union announced that it would take “appropriate measures” to support “peaceful and democratic solutions” in Venezuela. Such measures could possibly include additional sanctions on the regime of President Nicolás Maduro.

Venezuela Oil Production Falls Again in March

Venezuela oil production fell last month as global oil prices continue to rise, according to OPEC’s April report. Other nations in the region like Brazil and Guyana are taking advantage of higher energy prices by investing in new offshore production.