Russia’s largest oil producer Rosneft said on Tuesday the political upheaval in Venezuela was only temporary, while the country had cut its debt, and expected its own total oil output Continue Reading
Venezuela is preparing to shut more than a quarter of its already reeling oil production in the coming weeks, with US sanctions preventing state-owned PDVSA from importing diluent needed to Continue Reading
U.S.-backed members of Venezuela’s opposition converged on the Colombian border city of Cúcuta to arrange a new challenge against Venezuela’s autocratic leader, Nicolás Maduro: food shipments that would be transported Continue Reading
Just more than a week old, US sanctions on PDVSA, Venezuela’s state-owned oil company, have already had a dramatic impact on global crude and diluent flows and likely hastened the Continue Reading
There is ample spare capacity in other oil producers and strategic reserves to compensate for a loss of Venezuela’s crude exports, helping explain the tepid reaction of global oil prices Continue Reading
US sanctions on Venezuela’s oil sector have so far had modest global price impacts as crude production and refinery flows in the US and elsewhere adjust to the supply disruption, Continue Reading
Venezuelan crude exports are declining sharply as new U.S. sanctions push the country’s oil industry closer to collapse, threatening a bigger impact on global markets than many experts anticipated, people Continue Reading
Why Venezuela matters to the US… and vice versa Venezuela’s opposition leader Juan Guaidó has dismissed warnings from President Nicolás Maduro the country’s political crisis could spark civil war. Mr Continue Reading
U.S. refiners will not be able to complete transactions for shipments of crude from Venezuela’s PDVSA for cargoes they had contracted before the U.S. Treasury slapped sweeping sanctions on the Continue Reading
Venezuela’s crude oil production could fall below 1 million bpd after the United States imposed new sanctions on its already struggling state oil company PDVSA, Wood Mackenzie analyst Ann-Louise Hittle Continue Reading
