Russian Companies In Venezuela Safe: Novak
Russian companies in Venezuela are not experiencing any problems resulting from the escalation in the political situation in the country and have not incurred any losses on the oil they Continue Reading
Venezuela Cushions Blow of Oil Sanctions With Non-U.S. Sales
Venezuela, under U.S. embargo, has shifted some of its crude exports from American refiners to India and Europe, according to the country’s oil minister and ship-tracking firms. But it will Continue Reading
Exclusive: Venezuela removed 8 tons of central bank gold last week – legislator
At least 8 tons of gold were removed from the Venezuelan central bank’s vaults last week, an opposition legislator and three government sources told Reuters, in the latest sign of Continue Reading
Citgo formally cuts ties with Venezuela-based parent company: sources
U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to meet U.S. sanctions imposed on the OPEC country, two people Continue Reading
Venezuela Oil Sanctions Slash Brent Crude Premium
The U.S. sanctions on Venezuela from late last month cut off more heavy and sour crude oil supply to the global market, leading to the lowest premium of quality light Continue Reading
Washington Tightens Grip On Venezuela With New Sanctions
The United States announced new sanctions against Venezuelan government officials this week as the situation in the country that’s home to the world’s largest oil reserves continues to escalate. The Continue Reading
PDVSA restarts Petrocedeno heavy crude upgrader
Venezuelan state PDVSA has restarted its 202,000 b/d Petrocedeno extra heavy crude upgrader at 118,000 b/d, or 58.4% of capacity, despite the country’s deficit of naphtha, a company technical report Continue Reading
Citgo severing ties with PDVSA to avoid US sanctions: sources
Citgo is formally cutting ties with its parent company PDVSA, in order to avoid the impact of US sanctions on the Venezuelan state-owned oil company and keep Citgo’s refineries and Continue Reading
US to impose stronger sanctions on Maduro regime’s financial networks: US vice president
The US is set to impose “even stronger sanctions” on Venezuela President Nicolas Maduro’s financial networks, likely further hindering crude oil production and exports as US sanctions on state-owned oil Continue Reading
PDVSA offers spot crude for March following US sanctions
PDVSA is offering 5.8 million barrels of crude oil and diluted spot crude because of US sanctions, according to sources and PDVSA tenders. Receive daily email alerts, subscriber notes & Continue Reading