With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no Continue Reading
Venezuela’s largest refinery complex has been hit by a power outage, at a time of acute fuel shortages in parts of the crisis-torn oil producer, an opposition lawmaker said Sunday. Continue Reading
As the refugee exodus from once-wealthy Venezuela accelerates, concerns are mounting over the extent to which US economic sanctions are exacerbating the suffering of a population already beset by shortages Continue Reading
The US Treasury Department said Wednesday it has sanctioned Cubametales, Cuba’s state-run oil import and export company, for continuing to import crude and other products from Venezuela in exchange for Continue Reading
Venezuela exported 1.1 million bpd of crude oil and refined oil products in June, up by 26 percent from May, thanks to higher shipments under oil-for-loan deals with China, Reuters Continue Reading
Venezuela’s oil exports recovered in June from a sharp drop the month before, helped by increased deliveries to China, which is now state-run oil firm PDVSA’s primary destination for its Continue Reading
Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from Continue Reading
One of the central mysteries of Venezuela’s slow-motion collapse: Why does the military continue to support Nicolás Maduro, the president who has led the once-prosperous South American country into poverty Continue Reading
Brazil’s Petrobras plans to increase the amount of oil it exports by more than a third in the coming years, the state-run company said in a statement on Friday In Continue Reading
Moscow’s support for Venezuelan President Nicolás Maduro has been an irritant in its relations with Washington, which recognizes opposition leader Juan Guaidó as the country’s legitimate head of state. In Continue Reading
