Cubans Feel the Blow of US Sanctions
The latest US sanctions reversed the progress made by the Obama administration, and the brunt of their force is being felt by the very people the measures claim to support. Continue Reading
U.S. backs program to help Venezuelan migrants settle in Brazil
The U.S. Agency for International Development (USAID) and the U.N. International Organization for Migration (IOM) launched a program on Tuesday to help tens of thousands of Venezuelan migrants settle for Continue Reading
One year later, US sanctions on Venezuela’s PDVSA have had wide market impact
January 28 marks the one-year anniversary of sanctions imposed by the US Department of Treasury on Venezuela’s state-run oil producer, PDVSA, which has been translated as a de facto ban Continue Reading
The Fight For Venezuela’s Oil Is Heating Up
As Venezuela continues its ungraceful careen off the cliff, few opportunities are left for the Latin American country to save itself from disaster. One such opportunity would be for the Continue Reading
How Putin Outfoxed Trump in Venezuela
The Trump administration’s bid to replace Venezuela’s authoritarian leader Nicolás Maduro hit a roadblock after a meeting with Russian officials in Rome last year—and has never recovered. U.S. envoy Elliott Continue Reading
Brazil Decides Against Joining OPEC
Brazil has decided to stay out of OPEC for the time being as it seeks to expand its oil production, Bloomberg has reported, citing energy minister Bento Albuquerque. “The idea Continue Reading
PDVSA shuts its last two operating refineries in Venezuela: Amuay, Cardon
PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana Refining Center (CRP), the largest refining complex in the country, Continue Reading
Equinor, Shell and Total vow to press on with projects in Vaca Muerta
Equinor, Shell and Total vowed to press on with projects in Vaca Muerta, even as policy uncertainty and price controls make it harder to plan investment in Argentina’s biggest shale Continue Reading
ExxonMobil ups its Guyana resource estimate to more than 8 billion boe, makes 16th discovery
ExxonMobil raised the amount of its estimated recoverable reserves in Guyana Monday by more than 30% to more than 8 billion boe, even excluding the just-announced latest discovery. Urau-1 is Continue Reading
Brazil to discuss OPEC collaboration with Saudi Arabia in July: ministry
Highlights Energy minister to travel to G-20 event in Saudi Arabia Brazil to hold bilateral talks with Saudi Arabia on sidelines Current regulatory regime prohibits caps on oil, gas output Continue Reading