Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nation’s crumbling oil Continue Reading
Just one day after the United States slapped sanctions on Rosneft’s subsidiary Rosneft Trading, oil trader Trafigura has announced that it will disentangle itself from the sanctioned company by mid-May Continue Reading
The Trump administration’s decision to sanction Rosneft’s trading arm Tuesday may be a sign that Chevron’s waiver allowing it to continue its work in Venezuela may soon expire, analysts said. Continue Reading
The US imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, on Tuesday for supporting Venezuela’s oil sector by continuing to trade with sanctions-hit Continue Reading
A cargo of 950,000 barrels of crude that had been stranded at sea for about a year has finally docked at the port of Jose in Venezuela, Bloomberg reports, adding Continue Reading
Venezuela’s state-owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US sanctions, according to a company official. Receive daily email alerts, subscriber Continue Reading
Chevron has boosted oil production at its joint venture with Venezuela’s PDVSA to the highest in almost a year, Bloomberg reports , adding that the Maduro government is considering giving Continue Reading
US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on Venezuelan crude exports and declining prices of high Continue Reading
Mr Lavrov (left) was speaking after talks with President Maduro (right) in Caracas Russia has pledged to boost military and economic co-operation with Venezuela to help the South American nation Continue Reading
Shares in Russia’s largest oil producer, Rosneft, slumped on Friday on the Moscow Stock Exchange, following a report on Thursday that the United States is thinking about slapping sanctions on Continue Reading
