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NEWS |
Venezuela Surprises Oil Markets With Large Production Increase
Despite decades of mismanagement, malfeasance and corruption, strict U.S. sanctions and crumbling energy infrastructure, Venezuela’s national oil company PDVSA has stunned observers by reporting a sig (...)
NEWS |
Equinor completes divestment of onshore asset in Venezuela
Equinor and state-owned Petróleos de Venezuela (PdVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corpor (...)
NEWS |
Chevron seeks relief from Trump’s Venezuela oil sanctions
Chevron Corp is lobbying the US for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change.
NEWS |
Venezuela oil exports stable in March despite sanctions, blackouts
Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and power outages that crippled its main export terminal, according to PDVS (...)
NEWS |
Venezuela struggles to find buyers for its oil after US sanctions
Following the US sanctions, Venezuela’s oil inventories have swelled to a five-year high as the nation struggles to find buyers for its oil, according to the Wall Street Journal.
NEWS |
Five reasons why Venezuela crisis to significantly affect oil market
The political crisis in Venezuela did not generate - so far at least - a significant rise of oil prices on world markets, Francis Perrin Senior Fellow at the Policy Center for the New South (Rabat) an (...)
NEWS |
Oil edges up on Venezuela sanctions, but economic outlook weighs
Oil prices rose on Wednesday as concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry outweighed pressure from a darkening outlook for the global economy.
NEWS |
UPDATE 2-Conoco gets $345 million in cash and commodities from Venezuela's PDVSA
Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints t (...)