Venezuela’s economy is forecast to expand at its fastest pace in 15 years, marking a rebound for a country that recently emerged from the deepest recession in Latin America. Gross Continue Reading
A 650,000-barrel-cargo of Venezuela’s oil chartered by Italy’s Eni (ENI.MI) is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Continue Reading
June 11 (Reuters) – Iran and Venezuela on Saturday signed a 20-year cooperation plan, according to live coverage on Iranian state TV. The plan includes cooperation in the fields of Continue Reading
Venezuela’s PDVSA has started asking spot market buyers of its crude oil to pay in advance for the shipments after several recent payment defaults, Reuters has reported , citing several Continue Reading
Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar Continue Reading
The U.S. Treasury Department on Friday renewed a license to oil producer Chevron Corp (CVX.N) to operate in U.S.-sanctioned Venezuela through the end of November under the same restricted terms Continue Reading
Rumors that the U.S. would lift sanctions against Venezuela in order to halt the oil price rally have been circulating since Biden sent a delegation to Caracas in March. The Continue Reading
Highlights US allows Chevron to renegotiate license with PDVSA Lawmakers blast change in policy toward Venezuela Calls continue for action to aid domestic oil output Details remained scant May 18 Continue Reading
Chevron has a joint venture with state-owned oil company Petróleos de Venezuela. The U.S. extended a limited license held by Chevron Corp. on Tuesday that allows the oil company to Continue Reading
Crude fell after the US government announced it plans to allow Chevron Corp. to negotiate its oil license with Venezuela’s national producer. West Texas Intermediate settled below $113 on Tuesday. Continue Reading
