Venezuela Treats Infected as Criminals
The government of President Nicolás Maduro is detaining and intimidating doctors, marking the homes of people suspected of having the virus and detaining those who are returning to the country. Continue Reading
Venezuela Oil Production Close to Zero
Venezuela could soon be producing close to zero barrels of oil, a new analysis by IHS Markit has revealed. Venezuela could soon be producing close to zero barrels of oil, Continue Reading
Venezuela Ramps Up Oil Exports Against All Odds
Despite tightening U.S. sanctions, Venezuela’s PDVSA has managed to ramp up its oil exports this month, with the daily average hitting 325,000 barrels, which was the highest in four months, Continue Reading
Tankers ship Iranian fuel cargoes to U.S. for seizure
Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source Continue Reading
Low Quality Crude Is Crushing Venezuelan Oil Exports
Venezuela’s oil exports – which have dropped significantly over the past year because of the U.S. sanctions – are suffering another blow these days: the quality of the crude loaded Continue Reading
Venezuela Looks To Ease Gasoline Shortage By Restarting Production Units
Venezuela’s state-owned oil firm PDVSA looks to restart another gasoline-producing unit soon, hoping to ease the gasoline shortages in the country that sits atop the world’s largest crude oil reserves. Continue Reading
How Venezuela lost three oil supertankers to its Chinese partner
A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when Continue Reading
A Worrying Sign For Two Major Oil Hotspots
Active Rigs Fall to Zero in Two Oil Hotspots In the latest sign of the times, and what very well may be an indicator of things to come, two major Continue Reading
Fuel Rationing Plunges Oil-Rich Venezuela Deeper Into Crisis
Venezuela is once again shuttering gas stations across the country as the chronic shortage of fuel deepens due to ailing refineries and crippling sanctions limiting imports into the country. State oil Continue Reading
U.S. Companies Eye Venezuelan Oil Tankers As Debt Payment
O-I Glass Inc, a glass manufacturer, is trying to seize a Venezuelan oil tanker as part of efforts to secure the $500 million in arbitration compensation granted it by a Continue Reading