US bans trade in Venezuela’s digital currency
The US added another weapon to its armory of sanctions against Venezuela on Monday by prohibiting all US trade in the petro, a digital currency launched by the government of Continue Reading
U.S. actively looking into Venezuelan oil sanctions: official
The Trump administration is actively exploring options to impose sanctions on Venezuela’s oil sector, a senior U.S. official said on Monday, after the White House issued an executive order barring Continue Reading
The Oil Crisis That Can’t Be Stopped
Venezuela’s oil production fell by another 52,000 bpd in February from a month earlier, according to OPEC’s secondary sources data. That put Venezuela’s oil output at 1.548 mb/d for February, Continue Reading
The Single Largest Supply Risk In Oil Markets
Venezuela lost another 60,000 barrels per day (bpd) in February, according to the Paris-based energy agency, and continues to present the largest supply risk to the global oil market. The Continue Reading
US foreign policy turn could take 1.4 million b/d off global oil market: analysts
An expected, aggressive turn in US foreign policy led by incoming Secretary of State Mike Pompeo could trigger a loss of up to 1.4 million b/d in global crude supply Continue Reading
India’s Oil Imports From Venezuela Plunge To Lowest Since 2012
As crisis-stricken Venezuela is struggling with a steep decline in its oil production, India’s average oil imports from the Latin American OPEC member have slumped over the last few months Continue Reading
Venezuela’s crude oil production declines amid economic instability
Venezuela’s crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years. Crude oil production in Venezuela decreased Continue Reading
Oil majors’ interest in Argentina tests free-market reforms
Oil majors are evaluating bids for offshore exploration rights in Argentina, a major change in a country that sent Spanish energy giant Repsol ( REP.MC ) packing six years ago Continue Reading
Colombia jumps into Latam oil auction wave, to award blocks in April
Colombia plans to award up to 15 oil blocks next month and will begin routinely offering onshore and offshore areas for exploration and production in May, the head of the Continue Reading
Colombia to export 13.8 mil barrels of crude in March, down 11% from Feb: program
Colombia is expected to export 13.8 million barrels of crude in March, 11% less than February, according to a preliminary loading program seen by S&P Global Platts Friday. About 4.5 Continue Reading