Venezuela’s state-owned PDVSA is set to export 955,000 b/d of crude in April, up from 843,000 b/d in March, when several blackouts crippled export infrastructure, according to the company’s monthly Continue Reading
Disputed Venezuelan President Nicolas Maduro has publicly criticized the “theft” of its state-owned and US-based refining operations, Citgo, in a radio broadcast on Tuesday, adding that those responsible of this Continue Reading
Venezuela’s opposition-controlled National Assembly’s finance committee on Wednesday authorized a $71 million interest payment on state-owned oil company PDVSA’s 2020 bond, which is backed by shares in its crown jewel Continue Reading
Venezuela is suffering a humanitarian crisis after its economy crashed and was rocked by hyperinflation. Juan Guaidó claimed the interim presidency in an attempt to oust the sitting President Nicolás Continue Reading
The US is still considering secondary sanctions on Venezuelan oil exports, but is likely to delay implementation as it attempts to push Iranian crude and condensate exports to zero, analysts Continue Reading
Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s Continue Reading
Reliance Industries denied involvement in any arrangements that lead to cash payments for oil supplies to Venezuelan state oil company PDVSA via third parties and said it is not in Continue Reading
President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according Continue Reading
Spanish Repsol is suspending fuel shipments to Venezuela due to fears that it could violate the US sanctions against the Latin American nation, according to Reuters . The fuel was Continue Reading
Russian diplomats have tried to buy riot gear in Malta and allegedly load it on a warship en route to Venezuela, in a move that raises concerns in the EU Continue Reading
The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela’s Continue Reading
Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S. officials weigh penalties for foreign Continue Reading
Venezuelan opposition leader Juan Guaido will seek to annul an $8.7 billion arbitration award to U.S. oil producer ConocoPhillips as he moves to preserve foreign assets, Guaido’s chief legal representative Continue Reading
The U.S. sanctions on Venezuela’s oil industry have tightened the global heavy to medium crude oil market, sending oil buyers scrambling for alternatives to the heavy Venezuelan oil. Refiners in Continue Reading
Former Venezuelans soldiers play pool at Villa Antigua Hotel in Cúcuta, Colombia, where they are applying for refugee status. (Charlie Cordero/For The Washington Post) When the Trump administration first demanded Continue Reading
The United States on Friday announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the U.S. Treasury Department said Continue Reading
Venezuelan leader Nicolas Maduro is lambasting U.S. Vice President Mike Pence’s remarks at the U.N. Security Council as both “ridiculous” and “racist.” In a televised address early Wednesday evening, Maduro said Continue Reading
Venezuela’s oil output sank to a new long-term low last month due to U.S. sanctions and blackouts, the country told OPEC, deepening the impact of a global production curb and Continue Reading
Venezuela removed eight tonnes of gold from the central bank’s vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise Continue Reading
Two of Venezuela’s four crude oil upgraders, which are necessary to process the country’s extra-heavy crude into exportable grades, have restarted after halting activities due to blackouts in March, according Continue Reading
Venezuela’s government has signed an agreement with Russia under which the iron, steel, mining and agriculture industries will receive Russian investment and other participation, Venezuela’s official press said Tuesday. The Continue Reading
Venezuelan PDVSA expects a sharp decline in oil production this month with the four upgraders operating in the country running a lot lower than capacity, Reuters reports citing company documents Continue Reading
The US will sanction 34 vessels owned or operated by PDVSA and two companies that move Venezuelan crude to Cuba, Vice President Mike Pence said Friday. Receive daily email alerts, Continue Reading
Vice President Mike Pence announced that the United States will add 34 PDVSA owned or operated vessels to the sanctions list on Friday, according to Reuters. The announcement came during Continue Reading
Washington — Attempts by Venezuela’s creditors to use the US court system to auction off Citgo assets for repayment of old debts should be blocked, lawyers for the administration of Continue Reading
Power failures that plunged Venezuela into darkness for much of March also briefly slashed the country’s crude production by half, according to people familiar with the situation. Rolling blackouts across Continue Reading
Photo: Orinoco basin map, Venezuela. CARACAS (Bloomberg) — Rolling blackouts across much of the country that started on March 7 paralyzed most of the country’s oil wells and rigs, which Continue Reading
FILE PHOTO: U.S. Vice President Mike Pence listens as President Donald Trump meets with Fabiana Rosales, wife of Venezuelan opposition leader Juan Guaido, in the Oval Office at the White Continue Reading
Venezuelan state-owned oil company PDVSA expects its crucial crude upgraders to operate well below capacity this month, according to industry sources and documents seen by Reuters, as U.S. sanctions and Continue Reading
Jakeline Moncada had faith that her household reserves would hold out until Venezuela’s water service was restored. But two nationwide blackouts and now the rationing of electricity have kept the Continue Reading
(Reuters) – Backstory is a series of reports showing how Reuters journalists work and the standards under which they operate. Locals gather at a street food cart during a blackout Continue Reading
Venezuela exported a little over 980,000 bpd on average in March despite a string of severe blackouts, Reuters reported , citing documents from state oil company PDVSA and its own Continue Reading
Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and power outages that crippled its main export terminal, according to Continue Reading
Washington — Global oil prices are not deterring the White House from considering additional sanctions against Venezuela, US Vice President Mike Pence said Tuesday. Receive daily email alerts, subscriber notes Continue Reading
Venezuela’s president Nicolas Maduro announced 30 days of electricity rationing after a third blackout hit the struggling South American country. The Associated Press quotes Maduro as saying on Sunday the Continue Reading
U.S. President Donald Trump is considering imposing sanctions on companies from other countries that do business with Venezuela to cut off revenues to President Nicolas Maduro, Trump’s national security adviser Continue Reading
The White House on Friday warned Russia and other countries backing President Nicolas Maduro against sending troops and military equipment to Venezuela, saying the United States would view such actions Continue Reading
The U.S. administration is trying to pressure foreign commodity traders and refiners to suspend their trades with Venezuelan oil in the latest push against the Maduro government. The information comes Continue Reading
Walking for hours, making oil lamps, bearing water. For Venezuelans today, suffering under a new nationwide blackout that has lasted days, it’s like being thrown back to life centuries ago. Continue Reading
The Red Cross said it had received Venezuelan government approval to begin a major medical aid program in a bid to ease Latin America’s worst humanitarian crisis ever. President Nicolás Continue Reading
After two Russian military planes landed near Caracas this month, the Trump administration issued stark warnings over President Nicolás Maduro’s ties to the Kremlin. But a vessel that arrived in Continue Reading
Venezuela’s largest oil export terminal is has resumed operations and is now operating at 100 percent capacity after a blackout took it offline earlier in the week, according to Reuters Continue Reading
Venezuela’s main oil export terminal of Jose has restarted operations after a blackout earlier this week paralyzed crude shipments, the lifeblood of the OPEC nation’s economy, according to three sources Continue Reading
Russian Energy Minister Alexander Novak said on Friday he planned to discuss with his Venezuelan counterpart ways to increase oil exports from Venezuela. He did not give any further details. Continue Reading
The United States has instructed oil trading houses and refiners around the world to further cut dealings with Venezuela or face sanctions themselves, even if the trades are not prohibited Continue Reading
Chinese refiners yet to fully secure Venezuelan crude supply for Q2 Basrah spot differentials rally amid tight heavy crude supply Independent refiners also eye heavy sour Canadian grades Singapore — Continue Reading
Citgo Petroleum, the U.S.-based unit of Venezuelan state-run oil firm PDVSA, said on Thursday it raised $1.2 billion through a five-year term loan to cover operating expenses and to refinance Continue Reading
(Reuters) – The U.S. Environmental Protection Agency granted an additional 2017 small refinery waiver from the nation’s biofuel laws, bringing the tally to 35, the agency disclosed on Thursday. The Continue Reading
Venezuela’s largest oil-exporting terminal Jose is not working after a power outage that happened on Monday. Reuters reports the port has yet to resume normal operations, noting the last vessel Continue Reading
Activity at Venezuela’s main oil port of Jose, operated by state-run company PDVSA, was halted following a massive power blackout on Monday, according to two oil industry workers and a Continue Reading
