Guilty Plea Entered in PdVSA Corruption Investigation
Ms. Rangel pleaded guilty to a count of conspiracy to commit an offense against the U.S., according to a plea agreement filed last week. Felipe Jaramillo, a lawyer who represents Continue Reading
Trump Administration Weighs Tighter Venezuelan Oil Sanctions
The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter. The measures Continue Reading
U.S. eyes October deadline to end exemptions on Venezuela oil sanctions: sources
The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources Continue Reading
Venezuela Treats Infected as Criminals
The government of President Nicolás Maduro is detaining and intimidating doctors, marking the homes of people suspected of having the virus and detaining those who are returning to the country. Continue Reading
Venezuela Oil Production Close to Zero
Venezuela could soon be producing close to zero barrels of oil, a new analysis by IHS Markit has revealed. Venezuela could soon be producing close to zero barrels of oil, Continue Reading
Venezuela Ramps Up Oil Exports Against All Odds
Despite tightening U.S. sanctions, Venezuela’s PDVSA has managed to ramp up its oil exports this month, with the daily average hitting 325,000 barrels, which was the highest in four months, Continue Reading
ExxonMobil secures another long-term concession in Argentina’s Vaca Muerta
ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company’s growth in oil and natural gas production Continue Reading
Tankers ship Iranian fuel cargoes to U.S. for seizure
Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source Continue Reading
Low Quality Crude Is Crushing Venezuelan Oil Exports
Venezuela’s oil exports – which have dropped significantly over the past year because of the U.S. sanctions – are suffering another blow these days: the quality of the crude loaded Continue Reading
Venezuela Looks To Ease Gasoline Shortage By Restarting Production Units
Venezuela’s state-owned oil firm PDVSA looks to restart another gasoline-producing unit soon, hoping to ease the gasoline shortages in the country that sits atop the world’s largest crude oil reserves. Continue Reading