The latest on Venezuela’s political crisis (all times local): 5:10 p.m. Venezuela’s new constitutional assembly has passed a decree declaring itself superior to all other branches of government. The order Continue Reading
Repsol SA pulled all foreign workers from its oil fields in Venezuela amid a deepening political crisis, while Chevron Corp. and Total SA have removed a small number of employees, said people with Continue Reading
Six oil product tankers are docked at the Paraguana Refining Center (CRP) marine terminals in northwestern Venezuela awaiting payment from facility operator PDVSA before they discharge, according to a technical Continue Reading
The economic, political and security situation in Venezuela has been frightening for quite a while, but things continue to grow worse. The new “constituent assembly,” put together to rewrite the Continue Reading
The Trump administration is considering additional sanctions on Venezuelan individuals close to the Maduro government, but will first try to enlist support from other countries. This is what unnamed sources Continue Reading
Russia’s largest oil producer Rosneft said on Tuesday it had made around $6 billion in pre-payments to Venezuelan state oil company PDVSA and had no immediate plans to make any Continue Reading
To survive months of street protests and an economy in tailspin, Venezuelan President Nicolas Maduro is trying to turn state oil company PDVSA into a bastion of support, further degrading Continue Reading
Profits for Chinese coal producers have been impressive so far this year, even though the government is sidelining capacity, state media reported. The official Xinhua News Agency reported that, of Continue Reading
Various Northeast Asian end-users saw their crude oil term allocations from Saudi Arabia slashed for September, with two South Korean refining companies receiving around 10% cuts in monthly contract volumes Continue Reading
Exports of coal from the metallurgical coal dominant region of North Queensland, Australia, totaled 12.24 million mt in July, up 9% year on year but down 4% from June, North Continue Reading
