Venezuela talks oil prices with Qatar, Oman; to meets Saudis
Venezuelan Oil Minister Eulogio Del Pino, on a tour of oil producers to lobby for action to prop up prices, said on Thursday he had a “good and productive” meeting Continue Reading
First USGC WTI cargo delivered to Curacao at NYMEX WTI plus $3.96/b: sources
The first US crude oil cargo destined for the Caribbean region has arrived at Bullen Bay, Curacao and was priced at a $3.96/b premium to the NYMEX light sweet crude Continue Reading
Inflation-Wrought Venezuela Orders Bank Notes by the Planeload
Millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela’s crippled economy. But instead of food Continue Reading
PDVSA Said to Import U.S. Crude After Export Restrictions Lifted
Venezuela’s state-owned oil company, which has access to the world’s largest reserves, took delivery of its first U.S. crude since export restrictions were lifted last year. Petroleos de Venezuela SA Continue Reading
Venezuelan Oil Minister’s Visit to Russia Gets Tepid Response
The Russian leg of Venezuelan Oil Minister Eulogio Del Pino’s tour to persuade major oil exporters to cut production gained little more than pledges for further discussion. Igor Sechin, chief Continue Reading
Venezuela Tries to Convince Oil Nations to Cut Production
Venezuela’s Oil Minister Eulogio Del Pino faces an uphill battle persuading Russia and Saudi Arabia to cooperate in cutting oil production amid a supply glut that has pushed prices down Continue Reading
Venezuela is on the brink of a complete economic collapse
The only question now is whether Venezuela’s government or economy will completely collapse first. The key word there is “completely.” Both are well into their death throes. Indeed, Venezuela’s ruling Continue Reading
Venezuela opposition rejects Maduro’s ‘economic emergency’ decree
Venezuela’s opposition refused on Friday to approve President Nicolas Maduro’s “economic emergency” decree in Congress, saying it offered no solutions for the OPEC nation’s increasingly disastrous recession. Underlining the grave Continue Reading
Fears of Venezuela debt default rise as bond prices plunge
Farmers brought parts of Uruguay to a standstill this week demanding the government help them recover unpaid bills from Venezuela in the latest sign that the crisis-ravaged South American country Continue Reading
Venezuela urges OPEC and non-OPEC producers to meet in February
Venezuela Oil Minister Eulogio del Pino called on Thursday for OPEC and non-OPEC producers to meet in February to discuss bolstering low oil prices that have hammered the recession-hit South Continue Reading