Residents of Venezuela have faced widespread gasoline shortages since Monday despite the world’s largest oil reserves, as the socialist regime failed to deliver supplies to gas stations on time. In Continue Reading
With an emoji of a flexing bicep, Venezuelan state oil company Petróleos de Venezuela, S.A., or PDVSA, on Tuesday celebrated what was once a routine task in the OPEC nation: Continue Reading
If anyone is to ever write a guidebook on political survival, the skills of Venezuelan President Nicolás Maduro would certainly top the contemporary charts. This autumn went relatively well for Continue Reading
Venezuela’s PDVSA is hoping to boost its crude production to over 1 million b/d, but analysts are skeptical the state-owned company, faced with deteriorating infrastructure and a lack of buyers Continue Reading
US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a matter of weeks after being imposed in January, and helped Continue Reading
Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% of its 1.3 million b/d maximum capacity, up from 435,000 Continue Reading
Venezuela’s PDVSA produced between 926,000 and 965,000 bpd of crude oil last month, up by as much as 20 percent from the previous month when the average was 761,000 bpd, Continue Reading
Venezuela has released six Citgo executives who were arrested and sent to jail on charges of corruption two years ago, Reuters reports , citing unnamed sources. The prison sentences have Continue Reading
The two boards of Venezuela-owned refiner Citgo are fighting over the ownership of $57 million worth of crude oil stranded at sea, Reuters reports, adding the amount of oil in Continue Reading
Nicolas Maduro’s regime in Venezuela has spent US$5 billion worth of oil to reduce its debt to Russia and China and to send oil to Cuba, while leaving Venezuelans without Continue Reading
