Venezuela Isn’t Telling the Truth About its Oil Industry

From Quartz By Roberto A. Ferdman It appears Venezuela isn’t pumping out nearly as much oil as it claims. According to the latest monthly report (pdf) released by the Organization of the Oil Exporting Countries (OPEC), Venezuela’s state-owned oil company Petróleos de Venezuela S.A. (PDVSA) is making a habit of reporting production levels well above secondary source estimates. This past August alone, the cou ...

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NSA Spied on Brazilian Oil Company, Report Says

The National Security Agency spied on Petrobras, Brazil’s giant national oil company, according to a report here on Sunday night by the Globo television network, in the latest revelation of the agency’s surveillance methods that have raised tension between Brazil and the United States. ...

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