The Trump administration ratcheted up pressure on Venezuelan President Nicolas Maduro on Wednesday, signaling potential new sanctions against the country’s vital oil sector as it recognized Venezuela’s opposition leader as Continue Reading
The prospect of further falls in Venezuela’s oil output after the US and Canada embraced its opposition leader as interim president caused tremors in energy markets, underlining the Opec member’s Continue Reading
Venezuela’s state-run oil company PDVSA said on Tuesday its debt fell 5 percent in 2018 from a year ago to $34.6 billion, though it remains in default on most of Continue Reading
Refiners in the United States are stocking up on heavy crude, pushing prices higher, as the Trump administration prepares to slam more punitive measures on Caracas after the inauguration of Continue Reading
The government of Curacao has suspended its selection of a new operator for the Caribbean nation’s 335,000-barrel-per-day Isla refinery until a probe into corruption allegations involving the search has concluded, Continue Reading
U.S. refiners are bidding up prices for scarce types of crude oil needed for their most sophisticated plants as the United States reconsiders harsher sanctions on Venezuela that could further Continue Reading
Venezuelan crude oil production continued its steady decline and hit a new low in December with just 1.15 million barrels per day produced, unwillingly contributing to the OPEC agreed on production Continue Reading
Highlights Trump administration has long resisted oil sector sanctions Citgo, Chevron, PBF, Valero major importers of Venezuelan crude Sanctions on oil flows one of many options being weighed Washington — Continue Reading
A week after Venezuelan President Nicolas Maduro was sworn in for a second term in office, the option of a complete oil embargo against Venezuela has been put back on Continue Reading
Brazilian state oil company Petrobras wants to exercise pre-emption rights for three areas ahead of the sixth bidding round of pre-salt offshore oil to be held later this year. The Continue Reading
