Venezuela's collapse was its fate as a petrostate, with overvalued currency stunting the private sector, and oil volatility undermining the public sector.

With Nicolás Maduro in custody, the U.S. expects regime leaders to attract investors by fixing all they broke—from property ...

WASHINGTON — Texas Sen. Ted Cruz mused that the collapse of the brutal regimes in Cuba, Iran, and Venezuela during the next ...

Venezuela sits on more barrels of oil than Saudi Arabia. So why does it pump less than 1% of the global supply?

Once one of South America’s richest countries, Venezuela entered a prolonged economic and political crisis in the late 20th ...

Venezuela once had more oil wealth than almost any country on Earth and living standards that rivaled the West. Today, most of its population lives in poverty, crime is rampant, and millions have fled ...

As the US tightens its economic noose over the communist-run island and fuel grows scarce, its inhabitants are being pushed ...

But for many the oil embargo imposed by US president Donald Trump after the US attack on its main supplier, Venezuela, has brought a new level of pain. The island has been squeezed by a US trade and ...

My family is inextricably linked to the Venezuelan petrostate, a history that includes family pride and family trauma, ...

In fact, given the economy’s high dependence on oil revenue, some kind of recovery is all but certain. U.S. President Donald Trump has allowed Venezuela to begin selling its oil in global markets. As ...

According to U.S. Secretary of State Marco Rubio, the Cuban regime, which previously survived on subsidies from the USSR and ...

The country’s medical system was already perpetually crisis-stricken along with the island’s economy, with lack of supplies, ...