Venezuela has suspended new crude shipments to Europe under an oil-for-debt deal and has asked Italy’s Eni and Spain’s Repsol to provide it with fuel in exchange for future cargoes, Continue Reading
Venezuela’s state oil firm PDVSA diverted two crude cargoes set to discharge at Cuba’s Matanzas terminal, Refinitiv Eikon data and company documents showed on Tuesday, as a fire that devastated Continue Reading
Outages disrupting Venezuela’s power and gas supplies to state-run energy firm PDVSA hit July oil exports, contributing to a 27% fall from the previous month, according to Refinitiv Eikon vessel Continue Reading
Venezuela’s crude oil exports fell in July, Refinitiv Eikon data showed on Tuesday, as oil markets are on the prowl for additional oil supplies to ease the tight market. Venezuela’s Continue Reading
Iran is increasing supplies of a key crude grade that Venezuela is using to boost its aging refineries’ productivity and free domestic oil for exports, documents seen by Reuters on Continue Reading
In the first diplomatic contact between the U.S. and Venezuela since Trump, Biden dispatched a diplomatic mission to meet with President Maduro in early March 2022. The mission was among Continue Reading
A new battle for control of Citgo Petroleum, the eighth largest U.S. oil refiner and Venezuela’s foreign crown jewel, could soon be unleashed under a proposed management shake-up by the Continue Reading
U.S. refiner Citgo Petroleum is willing to resume imports of Venezuelan crude, suspended since 2019 by Washington’s sanctions on its parent company PDVSA, if the U.S. government authorizes the flow, Continue Reading
The first Venezuelan crude cargoes sent to Europe in two years helped lift the OPEC nation’s oil exports by 61% last month after a series of setbacks earlier in the Continue Reading
Production at Venezuela’s largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault that caused a blackout, according Continue Reading
