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Argus Media bills itself as the "Leading independent provider of energy and commodity price benchmarks". As other industry analysis firms of the type, it sells its services in the open market. Being "in the know", and boasting a network of experts and in-country analysts probably makes part of its sales pitch.

Sources in Venezuela report that PDVSA has entered into a service agreement with an American company, allegedly controlled by Harry Sargeant. While no formal announcement has been made, chavista source Aporrea informed on Thursday that PDVSA had penned 14 new deals to ramp up production by 1.025 MBD in 14 different fields, as previously announced by this site back in August.

Solutions to Venezuela's miserable situation are, to put it decently, like belly buttons. This navel-gazing seems to be the pastime of choice of hasbeens, or batequebra'os as known in Venezuela. Rafael Ramirez, for instance, despite having squandered over one trillion USD, would like the world to see him as the potential saviour of Hugo Chavez's legacy, as if Venezuela hasn't suffered enough his corruption and the wretched chavista experiment. Then there's Luisa Ortega Diaz.

Ten days ago I had a conversation with a source, well versed on bonds stuff. He said a few institutional investors were going to court to trigger acceleration clause on the 2034 bond, for defaulting on payment. Today Reuters posted news about this, quoting a representative of a "group of creditors" (lawyer Mark Stancil with Washington DC firm Robbins Russell) seeking payment on $1.5 billion.

There's a lot of talk lately about transition in Venezuela, given that Nicolas Maduro's term ends 10 January 2019. Most observers realised a long time ago the need to replace the chavista model, ideally with some kind of workable system of governance -controlled by the opposition- that could implement immediate changes to the economy, which in turn, considering the amount of oil reserves that Venezuela claims to have, would turn the country into a Mecca of foreign direct investment.

Not a secret that Al Capone got done for tax evasion. Neither that Italy's Agenzia delle Entrate launched a rather spectacular probe into Dolce & Gabbana international operations due to alleged tax evasion. So what about Rafael Ramirez? Sources repeatedly place Ramirez, wife Beatrice Sanso, and brother in law Baldo Sanso as residents in Italy. Our own investigation found details of Baldo Sanso's ex wife and son living in Rome, as well as tax identification cards related to Ramirez, Beatrice and Baldo.

So on Tuesday this week, sources reported that a Geneva court issued a ruling against Francisco Morillo and Helsinge, in a fraud case brought by PDVSA. Geneva's prosecutors launched a penal probe upon information on a large fraud scheme perpetrated by Morillo and Helsinge, in which some of the largest energy trading houses of Switzerland are involved.