At least 8 tons of gold were removed from the Venezuelan central bank’s vaults last week, an opposition legislator and three government sources told Reuters, in the latest sign of Continue Reading
U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to meet U.S. sanctions imposed on the OPEC country, two people Continue Reading
The U.S. sanctions on Venezuela from late last month cut off more heavy and sour crude oil supply to the global market, leading to the lowest premium of quality light Continue Reading
The United States announced new sanctions against Venezuelan government officials this week as the situation in the country that’s home to the world’s largest oil reserves continues to escalate. The Continue Reading
Venezuelan state PDVSA has restarted its 202,000 b/d Petrocedeno extra heavy crude upgrader at 118,000 b/d, or 58.4% of capacity, despite the country’s deficit of naphtha, a company technical report Continue Reading
Citgo is formally cutting ties with its parent company PDVSA, in order to avoid the impact of US sanctions on the Venezuelan state-owned oil company and keep Citgo’s refineries and Continue Reading
The US is set to impose “even stronger sanctions” on Venezuela President Nicolas Maduro’s financial networks, likely further hindering crude oil production and exports as US sanctions on state-owned oil Continue Reading
PDVSA is offering 5.8 million barrels of crude oil and diluted spot crude because of US sanctions, according to sources and PDVSA tenders. Receive daily email alerts, subscriber notes & Continue Reading
The Trump administration imposed sanctions on allies of Venezuelan President Nicolás Maduro and urged regional governments to isolate his regime after a weekend mission to deliver humanitarian aid sparked deadly Continue Reading
Vice President Pence and Venezuelan opposition leader Juan Guaidó greet each other at the Lima Group meeting in Bogota, Colombia. (Luisa Gonzalez/Reuters) February 25 at 8:24 PM After a weekend Continue Reading
