Venezuelan state-owned PDVSA is offering 6.4 million barrels of discounted crude oil to Russian, Chinese and Indian companies, according to a company official and reports seen by S&P Global Platts. Continue Reading
Another problem has been added to Venezuela’s growing list of woes: gasoline import shortages that have caused lines at gas stations, Reuters reports , adding that local production has slumped Continue Reading
Gas station lines reappeared across oil-rich but crisis-stricken Venezuela this week as gasoline imports plunged and the country’s second-largest oil refinery halted operations. Shortages of motor fuel have become a Continue Reading
Venezuela has stopped upgrading crude oil as PDVSA finds itself without buyers in the wake of US sanctions, according to sources who spoke to Reuters. Venezuela hasn’t shut down its Continue Reading
Venezuela would like Moscow to help it restructure its external debt to other countries, Russia’s RIA news agency cited Venezuela’s ambassador in Geneva as saying on Friday. Asked whether sanctions-hit Continue Reading
Venezuela’s ad-hoc board of directors for state oil company PDVSA, appointed by opposition leader Juan Guaido, said on Thursday it has made an interest payment on its bond maturing in Continue Reading
Venezuela’s crucial oil upgraders have stopped processing heavy crude because a decline in exports due to U.S. sanctions has left the OPEC nation without sufficient storage space, seven sources familiar Continue Reading
The Department of Homeland Security said it was suspending all commercial passenger and cargo flights between the U.S. and Venezuela, citing safety concerns stemming from political instability in the South Continue Reading
Venezuela’s oil production held up last month, but appears to be falling off a cliff once again. Output in Venezuela rebounded a bit in April, following the horrific electricity blackouts Continue Reading
Juan Guaido, the leader of the Venezuelan opposition, has instructed his envoy to the United States Carlos Vecchio to start talks with the U.S. military for help in overthrowing the Continue Reading
