US sanctions could more than halve Venezuela’s crude production by the end of the year, hitting heavy oil joint ventures in the Orinoco Belt and fields operated solely by state Continue Reading
Asdrubal Chavez, chief executive of Houston-based Citgo Petroleum Corp, boarded the Venezuelan-owned firm’s corporate jet in Caracas on Jan. 30, after meeting with top officials of the embattled administration of Continue Reading
The political showdown over the delivery of aid to Venezuela turned deadly Friday when its security forces fired on protesters near the country’s Brazilian border, killing two and wounding a Continue Reading
Politicians from the Venezuelan opposition and their supporters prepared to challenge President Nicolás Maduro’s blockade of U.S. and other foreign aid on Saturday, as fears mounted that the attempt could Continue Reading
When ExxonMobil begins oil production in Guyana next year; mining crude from its seven new deep-water wells, life may change dramatically in this small South American country. The mega deal Continue Reading
Opposition figures scuffled with national guardsmen on the road taken by the convoy Venezuelan President Nicolás Maduro has announced he is closing the border with Brazil on Thursday night as Continue Reading
Venezuelan crude oil banned from entering the US has been unable to make its way to Asia despite favorable arbitrage economics, largely due to financial issues arising from the nature Continue Reading
Following the U.S. sanctions, Venezuela’s oil inventories have swelled to a five-year high, The Wall Street Journal reported on Thursday, citing satellite data—a sign that Venezuelan oil buyers are fleeing Continue Reading
While everyone is talking about how surging U.S. crude oil production will offset a large part of the ongoing OPEC/non-OPEC production cuts, there are other oil producers not taking part Continue Reading
Venezuela is paying heavy premiums for fuel imports from Russia and Europe, with fewer than a dozen sellers seeing the risk as worth the reward after flows from the United Continue Reading
