Venezuela’s oil production took another hit in recent days, as the country struggles with brimming storage tanks and no buyers. PDVSA slashed output in the Orinoco Belt to just 200,000 Continue Reading
At least three Venezuelan fuel tankers are heading towards Cuba today, part of a flotilla meant to free up domestic storage space while defying a US campaign to cut off Continue Reading
Guyana’s oil revenue should start to flow any minute now. ExxonMobil’s floating production, storage and offloading vessel has been offshore since August. There’s talk of oil before the end of Continue Reading
Ecuador’s President Lenin Moreno declared a nationwide state of emergency on Thursday amid violent protests across the country over the end of fuel subsidies that have been in place for Continue Reading
PDVSA and China’s state-run CNPC have stopped all oil blending at their joint venture operation, Petrosinovensa, exclusive Reuters sources divulged on Thursday. PDVSA holds 50.1% of the JV, while CNPC Continue Reading
Russia plans to have its companies help Cuba to develop its oil and natural gas resources as part of a close energy cooperation, a senior Russian official said on Thursday, Continue Reading
Venezuela saw its oil and oil products exports edge up in September from August, but these higher exports couldn’t drain Venezuela’s overflowing oil stockpiles which further increased last month, Reuters Continue Reading
Ecuador will withdraw from the 14-nation Organization of the Petroleum Exporting Countries (OPEC) from Jan. 1 because of fiscal problems, the country’s energy ministry said on Tuesday. The Andean nation Continue Reading
Brazil’s massive transfer-of-rights oil auction to be held on November 7 has cleared one hurdle as the Brazilian Congress approved on Thursday one section of a larger bill that determines Continue Reading
National Energy Commission (CNE) executive director Angel Canó, on Thur. stated concern over the unexpected drop in the supply of fuel for power plants and asked to diversify the energy Continue Reading
