Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned Continue Reading
The bolivar is plummeting, breaking a rare stretch of stability for Venezuela’s battered currency. It has lost a third of its value so far this month, hitting 9.33 bolivars per Continue Reading
Europe is quickly running out of Russian energy alternatives. Venezuela has just halted oil shipments to Europe, saying it is done with oil-for-debt deals. Venezuela is now looking for refined Continue Reading
Colombia inaugurated its new president, former leftist guerilla Gustavo Petro. The notoriously anti-oil president is already making moves to extract more revenue from the mining and oil industries. Colombia is Continue Reading
Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, Continue Reading
Cubans have been left to endure six- to 18-hour blackouts, and search for ever-scarcer gasoline in the wake of a spectacular blaze that destroyed 40% of Cuba’s main fuel depot Continue Reading
Venezuela’s state oil firm PDVSA diverted two crude cargoes set to discharge at Cuba’s Matanzas terminal, Refinitiv Eikon data and company documents showed on Tuesday, as a fire that devastated Continue Reading
Firefighters on Tuesday finally overcame what officials described as the worst fire in Cuba’s history that over five days destroyed 40% of the Caribbean island’s main fuel storage facility and Continue Reading
A third crude tank caught fire and collapsed at Cuba’s main oil terminal in Matanzas, its governor said on Monday, as an oil spill spread flames from a second tank Continue Reading
Near-record amounts of seaweed are smothering Caribbean coasts from Puerto Rico to Barbados, killing fish and other wildlife, choking tourism and releasing stinky, noxious gases. More than 24 million tons Continue Reading
