What is Causing Cuba’s Fuel Shortage?
Cubans wait hours for buses to arrive. In Havana, drivers wait in long lines at gasoline stations. Both are signs of the effect of the United States’ sanctions on Cuba and its main Continue Reading
Explainer: What is causing Cuba’s acute shortage of fuel?
Long lines of drivers at gas stations in Cuba and hours of wait for public transport are signs of the impact of sanctions imposed by the United States this year Continue Reading
Haiti fuel shortages spark violent protests
Crippling fuel shortages have triggered large anti-government protests in Haiti, bringing cities to a standstill. Angry demonstrators are demanding President Jovenel Moise step down amid corruption allegations. A man protesting Continue Reading
India’s Venezuelan June oil imports highest in seven quarters: trade
India’s oil imports from Venezuela surged to about 475,200 barrels per day (bpd) in June, more than double the previous month and highest in 21 months, data from shipping and Continue Reading
U.S. renews Chevron license in Venezuela for three months as Trump officials compromise
The Trump administration on Friday renewed Chevron Corp’s ( CVX.N ) license for three months to drill for oil in Venezuela despite sanctions, a compromise between officials seeking maximum pressure Continue Reading
Chevron ‘hopeful’ of U.S. approval to continue operating in Venezuela
Chevron Corp, the last U.S. oil company operating in Venezuela, said on Thursday it hopes to be able to remain in the Latin American nation as the Trump administration mulls Continue Reading
Trump To Decide The Fate Of Venezuela’s Oil Sector
Another slice of Venezuela’s oil production is at risk, and it is very much at the mercy of the U.S. government. When the Trump administration announced sanctions on Venezuelan oil Continue Reading
PDVSA to indefinitely halt production of upgraded synthetic Orinoco crude in August
Venezuela’s state-owned oil company PDVSA plans to indefinitely halt the production of upgraded Orinoco Belt synthetic crudes in August, and instead is converting its upgraders to blending facilities for the Continue Reading
Venezuela’s Oil Production Could Soon Fall Below 500,000 Bpd
Venezuela, the country sitting on the world’s largest oil reserves, could be pumping as little as below 500,000 bpd of crude oil next year amid the economic and political crisis, Continue Reading
Chevron Finds New Friend In Venezuela’s Juan Guaido
Hope for crisis-stricken Venezuela may be dwindling, but Chevron—who has been steadfastly operating in the country for almost 100 years despite the unattractive business environment—can rest a bit easier today Continue Reading
Trump administration split on renewing Chevron’s Venezuela license
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp’s ( CVX.N ) operations in Venezuela, with Secretary of State Mike Pompeo Continue Reading
Curacao says PM, Venezuela oil minister discussed PDVSA remaining as refinery operator
Curacao’s prime minister and Venezuela’s oil minister discussed the possibility of Venezuelan state oil company PDVSA remaining as the operator of the Caribbean nation’s 335,000 barrel-per-day (bpd) Isla refinery, Curacao’s Continue Reading
Power Outage Leaves Venezuela in the Dark, Again
Power failures have become common in Venezuela as what was once the region’s wealthiest country has plunged into chaos and economic output has more than halved in the last five Continue Reading
Cuban Power Outages May See End By Saturday
After days of radio silence, Cuban officials say that the massive blackouts throughout the country would end by Saturday, as another power crisis engulfed the ally of Venezuela’s Nicolas Maduro Continue Reading
Argentina’s shale oil production growth pushes up refinery run rates
Argentina’s surging shale oil production is feeding more supplies to the country’s refineries, helping to increase run rates, the Neuquen government said Wednesday. Refineries operated at an average of 78.3% Continue Reading
Rising Vaca Muerta Shale Output Makes Argentina LNG Exporter
Growing natural gas production from the Vaca Muerta shale play has recently helped Argentina to export its first liquefied natural gas (LNG) cargo and to resume pipeline natural gas exports Continue Reading
Trump seeks block on ‘ghost ships’ smuggling Venezuelan oil to Cuba
Corruption has led to a collapse in productivity at PDVSA, the Venezuelan state oil giant “Ghost ships” laden with oil are plying the Caribbean between Venezuela and Cuba as private Continue Reading
Venezuela Faces More Outages As Trump Admin Mulls Escalation
A recent blackout in Venezuela disrupted operations at PDVSA’s 940,000 barrel-per-day refining complex, threatening to exacerbate fuel shortages that have already become commonplace in the country. The incident came after Continue Reading
Amid fuel shortage, Venezuelan farmers worry about crops
Growing potatoes and carrots high in the wind-swept mountains of western Venezuela had always proven a challenge for Luis Villamizar. But as oil production in the South American country has collapsed Continue Reading
US considering letting Venezuela waiver expire for Chevron, other US companies
End of general license would further reduce Venezuela oil output Receive daily email alerts, subscriber notes & personalize your experience. Register Now Chevron projects, including Petropiar, to be impacted Could Continue Reading
Squeezed by sanctions, Venezuela sells oil to tiny Turkish firm
With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no Continue Reading
Power outage hits Venezuela’s largest refinery complex, says lawmaker
Venezuela’s largest refinery complex has been hit by a power outage, at a time of acute fuel shortages in parts of the crisis-torn oil producer, an opposition lawmaker said Sunday. Continue Reading
Worries mount over human cost of US sanctions on Venezuela
As the refugee exodus from once-wealthy Venezuela accelerates, concerns are mounting over the extent to which US economic sanctions are exacerbating the suffering of a population already beset by shortages Continue Reading
US sanctions Cuba’s state-owned oil company for continuing Venezuelan imports
The US Treasury Department said Wednesday it has sanctioned Cubametales, Cuba’s state-run oil import and export company, for continuing to import crude and other products from Venezuela in exchange for Continue Reading
Venezuela Oil Exports Rebound In June As China Takes Most Crude
Venezuela exported 1.1 million bpd of crude oil and refined oil products in June, up by 26 percent from May, thanks to higher shipments under oil-for-loan deals with China, Reuters Continue Reading
Venezuela’s June oil exports recover to over 1 million bpd: data
Venezuela’s oil exports recovered in June from a sharp drop the month before, helped by increased deliveries to China, which is now state-run oil firm PDVSA’s primary destination for its Continue Reading
Venezuela to blend domestic, imported oil to keep exports afloat: oil minister
Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from Continue Reading
The Maduro mystery: Why the armed forces still stand by Venezuela’s beleaguered president
One of the central mysteries of Venezuela’s slow-motion collapse: Why does the military continue to support Nicolás Maduro, the president who has led the once-prosperous South American country into poverty Continue Reading
Brazil’s Petrobras sees oil exports growing more than one-third in future years
Brazil’s Petrobras plans to increase the amount of oil it exports by more than a third in the coming years, the state-run company said in a statement on Friday In Continue Reading
Russia Says It Won’t Increase Presence in Venezuela
Moscow’s support for Venezuelan President Nicolás Maduro has been an irritant in its relations with Washington, which recognizes opposition leader Juan Guaidó as the country’s legitimate head of state. In Continue Reading
Argentina delivers first exports from Vaca Muerta deposit
Argentina’s ambitious drive to emulate the US shale boom is moving ahead after the country delivered its first-ever exports of light crude oil and liquefied natural gas from its massive Continue Reading
Is Argentina’s Shale Boom Finally Taking Off?
After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports Continue Reading
US Court to Decide Fate Of Venezuela’s Citgo Refinery
Official Venezuelan President Nicolas Maduro and US-recognized Venezuelan President Juan Guaido are both vying for control over PDVSA’s refinery in the United States—Citgo—and a US court is set to decide Continue Reading
Fuel crisis weighs on upstream operations
The fuel supply gap in the country is growing as PdV has failed to replace refined products previously imported from the US Venezuela’s severe motor fuel deficit is starting to Continue Reading
Venezuela’s Oil Production Set For Another Drop
Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Venezuela’s output fell by 35,000 bpd in May, plunging to Continue Reading
Oil in floating storage hit near two-year high in May: Vortexa data
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as U.S. sanctions against Venezuela and Iran hindered the ability of Continue Reading
With Maduro entrenched in Venezuela, Trump loses patience and interest in issue, officials say
President Trump speaks to reporters about the administration’s Venezuela policy as he departs the White House on May 30. (Jim Lo Scalzo/EPA-EFE/Shutterstock) Last winter, the ouster of Venezuelan President Nicolás Continue Reading
Curacao refinery nears financial collapse on lack of PDVSA crude: official
Venezuela’s state-owned PDVSA plans to reactivate the Isla Refinery on Curacao in July with imported crude from third parties, according to sources in the company, labor union and with Curacao’s Continue Reading
Power Cut Hits Argentina and Uruguay, Affecting Tens of Millions
A widespread power failure early Sunday left all of mainland Argentina and Uruguay without power, a blackout that an energy company official called “unprecedented.” The blackout’s cause remained unclear. But Continue Reading
Petrobras Plans $105 Billion In Investments Till 2023
Brazil’s Petrobras plans to invest a total US$105 billion in the five years to 2023 and divest assets worth US$35 billion, chief executive Roberto Castello Branco said this week as Continue Reading
Exxon Scales Up In Vaca Muerta, Drills 90 Wells
Exxon plans to drill 90 wells and produce 55,000 barrels of oil equivalent from an oil and gas block in Argentina’s Vaca Muerta shale play, the company said in a Continue Reading
Cubans facing food rationing as Venezuelan oil cash dries up
Residents queue to buy yoghurt in Havana. Essential ingredients have begun to dry up throughout Cuba Cubans are experiencing chronic food shortages after imports of fuel from Venezuela dried up, Continue Reading
US ramps up prohibitions on Venezuelan petroleum trade, holds off secondary sanctions
Trump administration officials are still considering secondary sanctions to push the Maduro regime out of power in Venezuela, though analysts said Monday that there may be little reason to impose Continue Reading
Childhood, disrupted: Venezuela is in danger of losing a generation
To be a child in Venezuela today is dangerous. Here in the capital on any given afternoon, emaciated teens pick through rotting garbage for food. Children have been abandoned to Continue Reading
Jailed Citgo Oil Executives Ordered to Stand Trial in Venezuela
In this Feb. 15, 2019, file photo, Sergio Cardenas holds a picture of himself with his father Gustavo as he sits on the lap of his mother Maria Elena Cardenas, Continue Reading
US Treasury Department Tightens Sanctions on Venezuela Oil Sector
Amuay refining complex in Falcon State. (Wikimedia Commons) Caracas, June 7, 2019 ( venezuelanalysis.com ) – The US Treasury Department has announced a hardening of measures against Venezuela’s oil industry. Continue Reading
Colombia tribunal begins hearing evidence on use of fracking
Colombia’s top administrative court on Friday began hearings that could be long and contentious about proposals to drill for oil using the technique known as fracking, hailed for sharply boosting Continue Reading
Amid clashes with Trump, Latam oil sales fall to U.S. at three-decade low
The Trump administration’s clashes with Mexico could further squeeze U.S. imports of critical heavy crude oil from Latin America, which have fallen to their lowest in nearly three decades following Continue Reading
U.S. Tighten Noose Around Venezuela’s Oil Industry
Washington has tightened its grip on Venezuela by extending sanctions to companies supplying diluents to the South American country. “We are tightening the loop on any potential workarounds on the Continue Reading
Venezuela opposition rejects more talks with Nicolás Maduro regime
Venezuela’s opposition leader Juan Guaid6 has rejected further direct talks in Oslo with the leftist government of Nicolas Maduro, as broader international efforts to broker a solution to the country’s Continue Reading