The sanctions the U.S. slapped on Venezuelan oil last week are playing havoc with the tankers that ship crude around the world, and throwing energy prices off-kilter in the process. Continue Reading
Trading houses that resell Venezuelan crude oil have not yet found workarounds since the United States announced sanctions to cut off socialist President Nicolas Maduro’s revenue, according to shipping data Continue Reading
France’s oil and gas major Total has pulled out all its personnel from Venezuela following the U.S. sanctions on Venezuelan state oil firm PDVSA, which also blocked Total’s accounts in the Latin Continue Reading
Venezuela’s state-owned PDVSA is arguing in US court that the latest sanctions imposed by the Trump administration should block any attempts by Venezuela’s creditors to use the US justice system Continue Reading
Venezuela’s state-run PDVSA has started mixing its extra heavy oil with domestic Santa Barbara light crude due to a shortage of imported diluents following U.S. sanctions imposed last week, two Continue Reading
The international effort to rush food and medicine into this collapsing socialist state was rapidly transforming Thursday into a high-stakes standoff between President Nicolás Maduro and the U.S.-backed opposition, essentially Continue Reading
Russia—one of the key supporters of Nicolas Maduro in the Venezuelan crisis—has stood by the Venezuelan leader for years and has poured billions of U.S. dollars in the Latin American Continue Reading
The U.S. sanctions on Venezuela’s oil industry and state oil firm PDVSA are unlikely to have a significant impact on the refinery runs of the U.S. refiners, the Energy Information Continue Reading
The Trump administration is confident that key ally Saudi Arabia will fill any oil supply gap caused by US sanctions on Venezuela, with refineries along the Gulf Coast told not Continue Reading
When Washington announced its latest sanctions against Venezuela, targeting specifically state oil company PDVSA, there was worry—and hope, depending on perspective—that this will push crude oil prices higher. What happened Continue Reading
Venezuela’s state oil firm PDVSA is looking to sell more of its oil to customers in Europe and Asia as the U.S. sanctions are cutting off U.S. buyers of its Continue Reading
The imposition of US sanctions against Venezuela has altered naphtha trade flow, with tankers booked to carry product there seen failing and others sailing laden seen rerouted as charterers seek Continue Reading
The Venezuelan company accounts of French oil group Total have been blocked as a result of U.S. sanctions, Total chief executive Patrick Pouyanne said on Thursday. View full article at Continue Reading
Russia’s largest oil producer Rosneft said on Tuesday the political upheaval in Venezuela was only temporary, while the country had cut its debt, and expected its own total oil output Continue Reading
Venezuela is preparing to shut more than a quarter of its already reeling oil production in the coming weeks, with US sanctions preventing state-owned PDVSA from importing diluent needed to Continue Reading
U.S.-backed members of Venezuela’s opposition converged on the Colombian border city of Cúcuta to arrange a new challenge against Venezuela’s autocratic leader, Nicolás Maduro: food shipments that would be transported Continue Reading
Just more than a week old, US sanctions on PDVSA, Venezuela’s state-owned oil company, have already had a dramatic impact on global crude and diluent flows and likely hastened the Continue Reading
There is ample spare capacity in other oil producers and strategic reserves to compensate for a loss of Venezuela’s crude exports, helping explain the tepid reaction of global oil prices Continue Reading
US sanctions on Venezuela’s oil sector have so far had modest global price impacts as crude production and refinery flows in the US and elsewhere adjust to the supply disruption, Continue Reading
Venezuelan crude exports are declining sharply as new U.S. sanctions push the country’s oil industry closer to collapse, threatening a bigger impact on global markets than many experts anticipated, people Continue Reading
Why Venezuela matters to the US… and vice versa Venezuela’s opposition leader Juan Guaidó has dismissed warnings from President Nicolás Maduro the country’s political crisis could spark civil war. Mr Continue Reading
U.S. refiners will not be able to complete transactions for shipments of crude from Venezuela’s PDVSA for cargoes they had contracted before the U.S. Treasury slapped sweeping sanctions on the Continue Reading
Venezuela’s crude oil production could fall below 1 million bpd after the United States imposed new sanctions on its already struggling state oil company PDVSA, Wood Mackenzie analyst Ann-Louise Hittle Continue Reading
Caracas, Venezuela — PDVSA began a partial rationing of gasoline at gas stations in certain areas of Venezuela Sunday, as many gas stations in Caracas ran out of fuel as Continue Reading
A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela Continue Reading
Venezuela’s oil production could be disrupted to a greater degree than most analysts first thought, as the U.S. government seeks essentially shut in the country’s oil sector. When the Trump Continue Reading
The European Union (EU) is mulling over imposing more sanctions on Venezuela, but those sanctions will not be targeting the oil sector, as the bloc looks to punish individuals, not Continue Reading
Outside a service station in eastern Caracas, the queue for fuel stretches for blocks. Drivers know that the US has leveled sanctions on Venezuela’s state-run oil company – and they Continue Reading
The deepening turmoil in Venezuela is exacerbating a shortfall of dense crude oil, leaving fuel makers in the lurch and underscoring the limitations of U.S. shale. On Monday, the U.S. Continue Reading
The ongoing political crisis in Venezuela has divided the international community – some back President Nicolás Maduro and others support the man challenging him. Juan Guaidó, who is head of Continue Reading
The pursuit of regime change in far-off countries is proving to be a resilient characteristic of US presidencies, no matter their political leanings. The current White House has taken an Continue Reading
The EU has no appetite for general sanctions targeting Venezuela or its state-owned oil company PDVSA, despite the US imposing sweeping curbs on the latter earlier this week, official EU Continue Reading
One of the large refiners in the U.S., Citgo Petroleum, owned by Venezuela’s state oil company PDVSA, has denied a report that it was considering filing for bankruptcy, among other Continue Reading
The US Treasury Department said Friday that transactions between non-US firms and PDVSA, Venezuela’s state-owned oil firm, which involve the US financial system or US commodity brokers would be prohibited Continue Reading
When China hatched the first of a series of oil-for-loans agreements with Venezuela in 2007, it seemed like a perfect match. Venezuela had the world’s biggest oil reserves; China was Continue Reading
The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial measure so far against Venezuelan President Nicolas Maduro. The sanctions were announced Continue Reading
Venezuelan opposition leader and self-proclaimed president Juan Guaido said on Monday he has ordered congress to begin the process of naming new boards of directors to state oil company PDVSA Continue Reading
The U.S. imposed sanctions against Venezuela’s state-oil giant Petróleos de Venezuela S.A. on Monday in an effort to cripple President Nicolás Maduro’s government and empower an opposition leader. President Trump’s Continue Reading
The Trump administration on Monday announced it would impose sanctions on Venezuela’s state-owned oil monopoly, the most aggressive move to date in President Trump’s challenge to Nicolás Maduro, the president Continue Reading
Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, a senior official with knowledge Continue Reading
Treasury Secretary Steven Mnuchin outlined new U.S. sanctions against Venezuela’s state oil giant Petroleos de Venezuela S.A. on Monday, in a move to cripple Nicolás Maduro’s government and empower opposition Continue Reading
Juan Guaidó, the 35-year-old opposition leader recognized by Washington as Venezuela’s rightful leader, laid out a plan Thursday to reverse President Nicolás Maduro’s economic polices and address Latin America’s worst Continue Reading
PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed US$10-billion oil refinery and petrochemical complex in southern China, Reuters reported Continue Reading
A week after opposition leader Juan Guaidó declared himself interim president of Venezuela, Nicolas Maduro signaled that he was willing to negotiate with the opposition. “I’m willing to sit down Continue Reading
It is too early to quantify the impact of the latest U.S. sanctions on Venezuela’s oil industry and exports, Fatih Birol, the Executive Director of the International Energy Agency (IEA), Continue Reading
Russia, which stands by Nicolas Maduro in the ongoing Venezuelan political crisis, will use “all available legal mechanisms” to defend its interests in the Latin American country, in which Russian Continue Reading
The Trump administration is considering a release from the US Strategic Petroleum Reserve that would be timed to coincide with the imposition of possible sanctions on Venezuelan oil exports, sources Continue Reading
After a long period of stasis, the situation in Venezuela is moving towards its denouement. The next few months will be dangerous for the country and, despite the market’s apparent indifference Continue Reading
Thousands more leave Venezuela amid new crisis The US has warned Venezuela that any threats against American diplomats or opposition leader Juan Guaidó will be met with “a significant response”. Continue Reading
The political power struggle in Venezuela is heating up, and there seems to be no real solution on the horizon yet. The surprise move by Venezuela’s opposition leader Juan Guaido Continue Reading
