Venezuela, the nation with the world’s largest oil reserves, is experiencing fuel shortages (Flickr). In a country where basic necessities such as drugs and food are scarce, it would not Continue Reading
The Trump administration is unlikely to ban imports of Venezuelan crude even as it considers a slate of sanctions on the country’s energy sector, said a person familiar with those Continue Reading
Fishermen in the Venezuelan state of Falcon on Thursday blocked the passage of tankers through Lake Maracaibo’s navigation canal to two of the country’s most important refineries. The fishermen are Continue Reading
Opposition lawmaker Luis Stefanelli (L) gestures next to fellow opposition lawmaker Leonardo Regnault after a group of government supporters burst into Venezuela’s opposition-controlled National Assembly during a session, in Caracas, Continue Reading
Venezuela is seeking more than 13 million barrels of fuel imports by the end of the year, which constitutes about a third of what the South American nation needs annually. Continue Reading
Venezuela’s PDVSA has issued a flurry of new tenders for oil products in the last few days and although the volume being sought at the same time is unprecedented, market Continue Reading
Venezuela’s oil company PDVSA is seeking to buy up to 6.32 million barrels of fuel in one of its largest offers on the open market in recent years, according to Continue Reading
Governments from across the Americas on Tuesday chastised Venezuela’s socialist leadership for its handling of a political and economic crisis, prompting the OPEC nation’s foreign minister to brand the critics Continue Reading
The U.S. Supreme Court on Monday denied to hear an appeal by an American lawyer to try to collect US$8.65 billion in pollution damages from Chevron, handing a victory to Continue Reading
ExxonMobil said on Friday that it had made a final investment decision to proceed with the first phase of development of the Liza field offshore Guyana, which is expected to Continue Reading
As Venezuela’s oil industry goes down it flames, it’s looking like it may just take Cuba down with it. Venezuela, once the crude powerhouse of South and Central America, is Continue Reading
Venezuelan state-run oil company PDVSA is moving millions of barrels of oil from a Bahamas storage facility after terminating a contract with the owner, U.S. Buckeye Partners LP, according to Continue Reading
On a recent day in this remote island town, Dr. Jhomar Yansen rushed to operate on a man who had been kicked in the gut by a sheep and was Continue Reading
The Trump administration is concerned about any action by U.S. companies that provides a financial lifeline to Venezuela’s government, senior White House officials told Reuters, after Goldman Sachs Group Inc Continue Reading
A plywood shield in one hand, a gas mask over his face, Victor Ortega marched down the middle of the four-lane elevated highway, his eyes fixed on the front lines. Continue Reading
The Trump administration is considering possible sanctions on Venezuela’s vital energy sector, including state oil company PDVSA, senior White House officials said, in what would be a major escalation of Continue Reading
BP Trinidad & Tobago makes 2 ‘significant’ gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad. BP Trinidad & Tobago (bpTT) has made two ‘significant’ gas discoveries with Continue Reading
When a small brokerage firm contacted Goldman Sachs Asset Management last week offering to sell $2.8 billion of deeply discounted Venezuelan bonds, the response was a quick “yes.” Buying the Continue Reading
Venezuelan security forces used water cannons and teargas to disperse tens of thousands of opposition protesters heading toward the foreign ministry on Wednesday as the Organization of American States held Continue Reading
Venezuela’s President Nicolas Maduro shows a copy of a country’s constitution during an official ceremony of a Campaign Command to support reforms to the constitution in Caracas, Venezuela May 29, Continue Reading
Goldman Sachs Group Inc. is on the defensive in Venezuela after it bought bonds that had been held by the struggling country’s central bank in a transaction the government’s opposition Continue Reading
The president of Venezuela’s opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of “aiding and abetting the country’s dictatorial regime” following a report that it had bought Continue Reading
Goldman Sachs bought last week around US$2.8 billion bonds issued by Venezuela’s embattled state oil firm PDVSA, betting that a change in the Venezuelan regime could more than double the Continue Reading
Goldman Sachs Group Inc. bought about $2.8 billion in Venezuelan bonds that had been held by the oil-rich country’s central bank, a lifeline to President Nicolás Maduro’s embattled government as Continue Reading
Venezuelan crude sales to the United States recovered in April compared to previous months to reach 741,000 barrels per day (bpd), its highest level since November, due to a larger Continue Reading
U.S. raises prospect of sanctions after Maduro’s move Loss of major trade route would raise prices for both Venezuela would be hit from two directions if the U.S. were ever Continue Reading
Maria Planchart has had to go through trash to find food for her one-year-old son, Jean Pierre. She is among a growing number of Venezuelans suffering from hunger and malnutrition. Continue Reading
Volunteers, members of a primary care response team, walk together as demonstrators clash with police during a rally against Venezuela’s President Nicolas Maduro in Caracas, Venezuela. A 20-year-old Venezuelan protester Continue Reading
Students held demonstrations across Caracas Thursday as a two-month-old protest movement that shows no signs of letting up claimed more lives. At the Central University of Venezuela, soldiers bathed hundreds Continue Reading
Russia has begun shipping large quantities of oil to Cuba for the first time this century, sources said, as supplies to the island from crisis-wracked Venezuela have dwindled. A Russian Continue Reading
PetroVietnam’s joint venture with Venezuela’s state-run oil company PDVSA remains stalled but the Vietnamese company hopes ongoing talks will lead to reactivation of operations, a top executive for the company Continue Reading
General Motors Co. is taking a $100 million charge to write off its operations in troubled Venezuela, where authorities last month unexpectedly seized its production plant on a court order, Continue Reading
The number of LNG carrier transiting the Panama Canal could average one a day by 2021 as more US supply comes on stream and targets demand in North Asia, according Continue Reading
Venezuela’s President Nicolas Maduro speaks during his weekly broadcast ”Los Domingos con Maduro” (The Sundays with Maduro) in Caracas, Venezuela. Miraflores Palace/via Venezuela’s opposition was blocking streets on Tuesday to Continue Reading
Security forces fired tear gas at youths throwing stones and petrol bombs on Monday as Venezuela’s opposition began a second month of protests against socialist President Nicolas Maduro. With hundreds Continue Reading
The U.S. Supreme Court on Monday ruled against an American oil drilling company that claimed Venezuela unlawfully seized 11 drilling rigs in 2010. Siding with Venezuela, the justices ruled 8-0, Continue Reading
At a time when volatility is an emerging trend in the energy sector, French supermajor Total remains an attractive player, an investment profile read. A floor price for crude oil Continue Reading
Venezuela said it would begin a two-year process to pull out of the world’s oldest regional diplomatic body, in a move that is likely to heighten tensions with its neighbors Continue Reading
Venezuela said Wednesday that it would pull out of the Organization of American States , which has long been critical of President Nicolás Maduro’s unyielding accumulation of power at the Continue Reading
The Venezuelan government’s seizure of a GM factory, as reported by Reuters, signals that the deeply corrupt regime of President Nicolas Maduro is escalating its self-defeating actions. Ironically, for oil Continue Reading
A document circulating in Peru, part of a broad political corruption investigation, stands as a quaint piece of Hugo Chávez memorabilia. It’s a 2006 letter allegedly penned by the late Continue Reading
As political turmoil in Venezuela persists, oil firms including Norwegian major Statoil ASA ( STL.OL ) and Spain’s Repsol SA ( REP.MC ) have further reduced their already-dwindling ranks of Continue Reading
Two Venezuelan men died on Tuesday from gunshots at political demonstrations, bringing to 26 the number of fatalities around this month’s protests against President Nicolas Maduro’s socialist government. The state Continue Reading
Vaca Muerta geology a match, support services fall short Energy assets could be key to country’s economic future Argentina’s Vaca Muerta, one of the largest shale formations outside of North Continue Reading
The cold logic of the oil market dictates that crisis usually equals profit. That’s because a crisis in oil usually means a supply crisis, as some large producing country becomes Continue Reading
Barricading roads with trash and even bathtubs, small groups of protesters held “sit-ins” around Venezuela on Monday in an effort to maintain momentum as anti-government unrest entered a fourth week. Continue Reading
The latest protests were on Saturday and another march is planned for Monday Venezuela’s President Nicolas Maduro has called for talks to resume with the opposition. He also said he Continue Reading
At least a dozen people were killed as the streets of Caracas, Venezuela, erupted into a night of riots, looting and clashes between government opponents and the National Guard late Continue Reading
Venezuela’s president Nicolás Maduro has ordered an investigation into Telefónica’s Movistar for alleged “coup-mongering” after a week of protests against his increasingly repressive rule. Mr Maduro accused the subsidiary of Continue Reading
The U.S. shale sector continues to be the hottest spot in natural resources investment. But news this week suggests America’s oil and gas industry may have a new rival — Continue Reading
