Venezuela sits on top of the world’s largest proven oil reserve. The country is home to what is estimated to be a whopping 296.5 billion barrels, which accounts for a Continue Reading
After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship to help the Latin American country export its Continue Reading
Violence has broken out yet again in strife-torn Colombia after a law student was killed by police in Bogota two weeks ago for allegedly breaching coronavirus social distancing restrictions. Those Continue Reading
After defying U.S. sanctions by shipping its first cargo of oil to Venezuela just last week, Iran is using the same ship to help the Latin American country export crude. The Continue Reading
Activity in Brazil’s energy patch keeps ratcheting ever higher. During January 2020, Latin America’s largest economy saw its all-important petroleum industry achieve a new milestone pumping on average a record Continue Reading
Much ink has been spilled about the downfall and dubious recovery of the United States shale oil sector. The West Texas Intermediate (WTI) crude benchmark’s dramatic rock bottom in April, Continue Reading
US sanctions have deterred all but Iranian tankers from delivering gasoline to fuel-starved Venezuela, and the Trump administration will keep up pressure on the global shipping industry to avoid the Continue Reading
Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, Reuters reports , citing unnamed sources and company documents. State-owned oil company PDVSA produced just Continue Reading
Gasoline shortages are becoming more acute across Venezuela (Twitter). Spanish – An uptick in coronavirus cases amid the most severe gasoline shortages exacerbates the crisis in the country with the Continue Reading
An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship, identified as Honey, turned off its satellite signal and started Continue Reading
