The Americas | Bonanza or bust?

Oil traders are flocking to sanctions-free Venezuela

But how long will that last, given Nicolás Maduro’s disregard for democracy?

A happy Nicolás Maduro
Image: Federico Yankelevich
|Caracas

The cocktail bar in one of the most expensive hotels in Caracas, the capital of Venezuela, is abuzz. A huddle of businessmen, speaking English, are in animated conversation at one table. Across the lobby, another group of visitors from India has just arrived. “It’s been a good week,” says a waiter. “The oilmen are back in town.”

This article appeared in the The Americas section of the print edition under the headline “Bonanza or bust?”

From the November 11th 2023 edition

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