Russia said on Friday U.S. “narco-terrorism” charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become “a tool of genocide” amid the coronavirus outbreak. The Continue Reading
The U.S. government on Thursday indicted Venezuelan President Nicolas Maduro and more than a dozen other top Venezuelan officials on charges of “narco-terrorism,” the latest escalation of the Trump administration’s Continue Reading
Venezuela is looking to shut in some of its still-operational oil wells as oil buyers prove increasingly hard to find at a time when oil demand worldwide is plunging and Continue Reading
On March 13, Melquiades Avila, an indigenous leader and journalist in the remote Venezuelan state of Delta Amacuro, asked on his popular Facebook account: “Will our hospital be ready for Continue Reading
Most leaders in Latin America reacted to the arrival of the coronavirus in the region with speed and severity: Borders were shut. Flights were halted. Soldiers roamed deserted streets enforcing Continue Reading
Brazil’s President Jair Bolsonaro patched up a diplomatic spat with China on Tuesday in a call with President Xi Jinping, with the two agreeing to fight the spread of coronavirus Continue Reading
Venezuela has started shutting down gasoline stations across the country as a shortage of fuels has prompted rationing, Bloomberg reports . According to an unnamed source who spoke to Bloomberg, Continue Reading
The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American officials say is a new round of charges Continue Reading
© Getty Images The dictatorship of Nicolas Maduro in Venezuela is about to face a perfect storm. After several days of denial, the regime has acknowledged the first cases of Continue Reading
Some gasoline stations in Venezuela were unusually empty on Wednesday, as regional authorities banned queuing for gasoline as part of a nationwide quarantine to contain the spread of the coronavirus. Continue Reading
They are the odd couple of the global oil patch: Guyana is a poor former British sugar colony. Exxon Mobil is America’s largest oil company. They came to depend on Continue Reading
The coronavirus has overwhelmed health-care systems in a number of highly developed nations. Now, it is spreading to some of the world’s most vulnerable countries, with health officials in Africa Continue Reading
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude in exchange for Continue Reading
At least 38 workers from Venezuela’s state oil company Petroleos de Venezuela’s, including the president of maritime subsidiary PDV Marina, were detained on accusations of trafficking fuel, Venezuelan Interior Minister Continue Reading
The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew Chevron Corp’s ( CVX.N ) Continue Reading
An energy consultant who had worked for Shell for decades has started talks with Venezuela’s state oil firm PDVSA to help it reduce gas flaring at oil sites, but the Continue Reading
Reliance, Nayara were top buyers of Venezuelan crude Both refiners can alter slates for new grades: Platts Analytics US, Mexican crudes can also offer some breathing space Singapore — The Continue Reading
Venezuela has moved to seize assets of six shipping companies claiming they have unpaid debt to state oil company PDVSA, Reuters reported , quoting a document it had seen and Continue Reading
U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island’s government, Citgo said late on Saturday, after the two parties Continue Reading
Two Indian oil refiners who still buy Venezuelan crude will stop importing oil from the Latin American country from April as the U.S. steps up sanctions pressure on Nicolas Maduro’s Continue Reading
The Trump Administration is unlikely to grant U.S. supermajor Chevron another waiver to operate in Venezuela as the United States is increasing pressure on Nicolas Maduro’s regime, Bloomberg reported on Continue Reading
To mark the flow of the world’s biggest oil discovery in years, President David Granger declared a new holiday, National Petroleum Day, on Dec. 20. Backed by soothing Caribbean tunes Continue Reading
African and Latin American countries have accumulated at least $152 billion in debt to Chinese banks, backed by oil and other mineral resources, a study from non-profit the Natural Resource Continue Reading
Goal to reach 36,000-38,000 boe/d in December Vista’s wells are performing among best in the play Flexibility is key for handling volatility in Argentina Buenos Aires — Vista Oil & Continue Reading
The implementation of new freshwater conservation surcharge at the Panama Canal on February 15 has doubled typical wait times for clean tankers at the Canal in recent weeks, and higher Continue Reading
Armed assailants murdered the captain of an oil tanker after boarding his ship while it was anchored off the coast of eastern Venezuela, according to a local union leader and Continue Reading
The US may have dealt Venezuela another blow by sanctioning Rosneft subsidiary Rosneft Trading last week, but as the company dealing the most oil from Venezuela is hamstrung, another Rosneft Continue Reading
U.S. President Donald Trump has decided to step up a sanctions campaign on Venezuela’s oil sector and will be more aggressive in punishing people and companies that violate it, the Continue Reading
Venezuela’s PDVSA is preparing a fuel rationing plan for domestic consumers as the state-owned company confronts a shortfall of refined products and the consequences of US sanctions on production and Continue Reading
Beside the green pastures and sugarcane plantations surrounding the farming town of Porto Feliz is the strange sight of hundreds of blue, silicon panes turned towards the sun. This solar Continue Reading
Officials at the Trump Administration are back discussing a plan to oust Venezuela’s Nicolas Maduro by potentially persuading people in his ruling party to turn against him and agree to Continue Reading
Venezuela’s President Nicolas Maduro has declared emergency for the country’s oil industry, calling for measures to ensure Venezuela’s energy security, Sputnik reports , quoting a tweet by the presidential administration. Continue Reading
Indian conglomerate Reliance Industries is studying the impact of the newly imposed U.S. sanctions on a unit of Russia’s Rosneft over trade of Venezuelan crude oil, and will make sure Continue Reading
Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nation’s crumbling oil Continue Reading
Brazil’s oil production jumped by 20.4 percent on the year to set a new production record of 3.168 million barrels per day (bpd) in January, thanks to the prolific pre-salt Continue Reading
Just one day after the United States slapped sanctions on Rosneft’s subsidiary Rosneft Trading, oil trader Trafigura has announced that it will disentangle itself from the sanctioned company by mid-May Continue Reading
The Trump administration’s decision to sanction Rosneft’s trading arm Tuesday may be a sign that Chevron’s waiver allowing it to continue its work in Venezuela may soon expire, analysts said. Continue Reading
The US imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, on Tuesday for supporting Venezuela’s oil sector by continuing to trade with sanctions-hit Continue Reading
A cargo of 950,000 barrels of crude that had been stranded at sea for about a year has finally docked at the port of Jose in Venezuela, Bloomberg reports, adding Continue Reading
Venezuela’s state-owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US sanctions, according to a company official. Receive daily email alerts, subscriber Continue Reading
The study results have implications for the fight against climate change. Up to one fifth of the Amazon rainforest is emitting more CO2 than it absorbs, new research suggests. Results Continue Reading
Chevron has boosted oil production at its joint venture with Venezuela’s PDVSA to the highest in almost a year, Bloomberg reports , adding that the Maduro government is considering giving Continue Reading
When Alberto Fernandez, Argentina’s new left-leaning president, entered into office December 10 the international markets were anxious to see whether the post-Macri era would result in an energy policy reversal, Continue Reading
US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on Venezuelan crude exports and declining prices of high Continue Reading
Mr Lavrov (left) was speaking after talks with President Maduro (right) in Caracas Russia has pledged to boost military and economic co-operation with Venezuela to help the South American nation Continue Reading
Shares in Russia’s largest oil producer, Rosneft, slumped on Friday on the Moscow Stock Exchange, following a report on Thursday that the United States is thinking about slapping sanctions on Continue Reading
Venezuelan authorities rounded up U.S. oil executives held under house arrest in Caracas Wednesday night and moved them to a prison, the top U.S. envoy to Venezuela told reporters on Continue Reading
In the year since the Trump administration declared what amounted to economic war against the Venezuelan government of President Nicolás Maduro — an oil embargo that cut it off from Continue Reading
The US continues to weigh sanctions on Russian state oil company Rosneft as it continues to receive Venezuelan crude as debt repayment and sell it to China and India buyers, Continue Reading
The economic fortunes of Guyana, with a population of only around 800,000, are poised for a major transformation after its first-ever oil development commenced production just six weeks ago. Offshore Continue Reading
