Category: Venezuela

Chevron is pushing back against the Trump administration’s plans to let the company’s Venezuela sanctions waiver expire, arguing such a move could ultimately drive oil production up, bolstering both the Continue Reading

Venezuela’s opposition is getting ready to file within days a lawsuit in the United States seeking to prevent bond holders of Venezuelan state oil firm PDVSA from going after shares Continue Reading

Venezuela’s PDVSA and its partner CNPC have restarted operations at their jointly operated Sinovensa project, where an oil blending plant was shut down last week because of the buildup of Continue Reading

India’s Reliance is set to resume oil imports from sanctioned Venezuela, according to a Reliance representative that spoke to Reuters on Wednesday. India had stopped its imports of Venezuelan oil Continue Reading

Venezuela’s oil production took another hit in recent days, as the country struggles with brimming storage tanks and no buyers. PDVSA slashed output in the Orinoco Belt to just 200,000 Continue Reading

PDVSA and China’s state-run CNPC have stopped all oil blending at their joint venture operation, Petrosinovensa, exclusive Reuters sources divulged on Thursday. PDVSA holds 50.1% of the JV, while CNPC Continue Reading

Venezuela saw its oil and oil products exports edge up in September from August, but these higher exports couldn’t drain Venezuela’s overflowing oil stockpiles which further increased last month, Reuters Continue Reading

The Trump administration on Friday renewed Chevron Corp’s ( CVX.N ) license for three months to drill for oil in Venezuela despite sanctions, a compromise between officials seeking maximum pressure Continue Reading