Chevron is pushing back against the Trump administration’s plans to let the company’s Venezuela sanctions waiver expire, arguing such a move could ultimately drive oil production up, bolstering both the Continue Reading
Venezuela’s opposition is getting ready to file within days a lawsuit in the United States seeking to prevent bond holders of Venezuelan state oil firm PDVSA from going after shares Continue Reading
Venezuela’s PDVSA and its partner CNPC have restarted operations at their jointly operated Sinovensa project, where an oil blending plant was shut down last week because of the buildup of Continue Reading
India’s Reliance is set to resume oil imports from sanctioned Venezuela, according to a Reliance representative that spoke to Reuters on Wednesday. India had stopped its imports of Venezuelan oil Continue Reading
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
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
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
India’s oil imports from Venezuela surged to about 475,200 barrels per day (bpd) in June, more than double the previous month and highest in 21 months, data from shipping and Continue Reading
The Trump administration on Friday renewed Chevron Corp’s ( CVX.N ) license for three months to drill for oil in Venezuela despite sanctions, a compromise between officials seeking maximum pressure Continue Reading
Chevron Corp, the last U.S. oil company operating in Venezuela, said on Thursday it hopes to be able to remain in the Latin American nation as the Trump administration mulls Continue Reading
Another slice of Venezuela’s oil production is at risk, and it is very much at the mercy of the U.S. government. When the Trump administration announced sanctions on Venezuelan oil Continue Reading
Venezuela’s state-owned oil company PDVSA plans to indefinitely halt the production of upgraded Orinoco Belt synthetic crudes in August, and instead is converting its upgraders to blending facilities for the Continue Reading
Venezuela, the country sitting on the world’s largest oil reserves, could be pumping as little as below 500,000 bpd of crude oil next year amid the economic and political crisis, Continue Reading
Hope for crisis-stricken Venezuela may be dwindling, but Chevron—who has been steadfastly operating in the country for almost 100 years despite the unattractive business environment—can rest a bit easier today Continue Reading
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp’s ( CVX.N ) operations in Venezuela, with Secretary of State Mike Pompeo Continue Reading
Power failures have become common in Venezuela as what was once the region’s wealthiest country has plunged into chaos and economic output has more than halved in the last five Continue Reading
Corruption has led to a collapse in productivity at PDVSA, the Venezuelan state oil giant “Ghost ships” laden with oil are plying the Caribbean between Venezuela and Cuba as private Continue Reading
A recent blackout in Venezuela disrupted operations at PDVSA’s 940,000 barrel-per-day refining complex, threatening to exacerbate fuel shortages that have already become commonplace in the country. The incident came after Continue Reading
Growing potatoes and carrots high in the wind-swept mountains of western Venezuela had always proven a challenge for Luis Villamizar. But as oil production in the South American country has collapsed Continue Reading
End of general license would further reduce Venezuela oil output Receive daily email alerts, subscriber notes & personalize your experience. Register Now Chevron projects, including Petropiar, to be impacted Could Continue Reading
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
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
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
Official Venezuelan President Nicolas Maduro and US-recognized Venezuelan President Juan Guaido are both vying for control over PDVSA’s refinery in the United States—Citgo—and a US court is set to decide Continue Reading
The fuel supply gap in the country is growing as PdV has failed to replace refined products previously imported from the US Venezuela’s severe motor fuel deficit is starting to Continue Reading
Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Venezuela’s output fell by 35,000 bpd in May, plunging to Continue Reading
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as U.S. sanctions against Venezuela and Iran hindered the ability of Continue Reading
President Trump speaks to reporters about the administration’s Venezuela policy as he departs the White House on May 30. (Jim Lo Scalzo/EPA-EFE/Shutterstock) Last winter, the ouster of Venezuelan President Nicolás Continue Reading
Trump administration officials are still considering secondary sanctions to push the Maduro regime out of power in Venezuela, though analysts said Monday that there may be little reason to impose Continue Reading
To be a child in Venezuela today is dangerous. Here in the capital on any given afternoon, emaciated teens pick through rotting garbage for food. Children have been abandoned to Continue Reading
In this Feb. 15, 2019, file photo, Sergio Cardenas holds a picture of himself with his father Gustavo as he sits on the lap of his mother Maria Elena Cardenas, Continue Reading
Amuay refining complex in Falcon State. (Wikimedia Commons) Caracas, June 7, 2019 ( venezuelanalysis.com ) – The US Treasury Department has announced a hardening of measures against Venezuela’s oil industry. Continue Reading
Washington has tightened its grip on Venezuela by extending sanctions to companies supplying diluents to the South American country. “We are tightening the loop on any potential workarounds on the Continue Reading
Venezuela’s opposition leader Juan Guaid6 has rejected further direct talks in Oslo with the leftist government of Nicolas Maduro, as broader international efforts to broker a solution to the country’s Continue Reading
NEW YORK (Reuters) – U.S. stockpiles of Venezuelan cocoa swelled in May to levels not seen in at least five years, a Reuters analysis showed, as exporters in the crisis. Continue Reading
Maria Lopez complains about gasoline rationing that Venezuela — home to the world’s largest oil reserves — has started introducing in some areas to tackle extreme fuel shortages. “It’s a Continue Reading
Venezuela’s oil exports slumped in May as the sanctions levied by the United States staunched the flow of oil from the troubled Latin American country that is in the middle Continue Reading
Venezuela’s state oil company PDVSA plans to open an office in Moscow this month, Interfax news agency cited Venezuela’s oil minister as saying on Thursday during a trip to the Continue Reading
Venezuela’s officially recognized president Nicolas Maduro on Wednesday called on the world to take care of Mother Earth, claiming that the only way to achieve balance is through ecosocialism. The Continue Reading
Citgo Petroleum Corp. received a subpoena from the Department of Justice stemming from an investigation into bribery in Venezuela, indicating that the U.S. government is finally turning its attention to Continue Reading
In the past few weeks, what once deemed impossible has happened: gas shortages have been affecting Venezuela, with long lines lasting hours and, in some remote areas, a day or Continue Reading
The U.S. Department of Justice is seeking documents from Citgo Petroleum Corp as part of an investigation into bribery by U.S. suppliers involving its Venezuelan parent, state-owned Petroleos de Venezuela. Continue Reading
Amid tightening supply of heavy oil on global markets Chevron is asking the Trump administration for sanction relief in Venezuela so it could continue doing business there, Bloomberg reports quoting Continue Reading
Fuel shortages in Venezuela have caused an unprecedented flow across the Brazilian border. Venezuelans are driving to Brazil to tackle long queues to buy gas in Pacaraima, a border town Continue Reading
