Venezuelan President Nicolas Maduro plans to replace Oil Minister Tareck El Aissami – a key ruling party official who also serves Venezuela’s OPEC representative and board member of the state Continue Reading
U.S. sanctions have a long history of failing to initiate regime change Sanctions from both the Obama and Trump Administrations have failed to have a material impact on Venezuela’s regime Continue Reading
Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this year, Reuters has reported , citing a Venezuelan member of parliament—but the condensate Continue Reading
A cargo of Iranian condensate intended for Venezuela’s state-run oil company, PDVSA, the fourth delivery this year, will discharge in coming days at the country’s main oil port, a Venezuelan Continue Reading
Highlights Recovery of production possible because of imports of diluents from Iran Orinoco Belt output at 420,000 b/d; Monagas fields 130,000 b/d; Zulia-Trujillo 110,000 b/d Sinovensa is operating at 90,000 Continue Reading
The U.S. is leaving Venezuelan operations of Chevron Corp. and top American oil-service companies at a standstill after President Nicolas Maduro’s socialist party came victorious in regional elections questioned by Continue Reading
Record numbers of Venezuelan migrants have been crossing into the United States in recent months, posing a new border challenge for the Biden administration and raising concerns that more of Continue Reading
Venezuela’s President Nicolas Maduro said on Sunday there will be no renewed talks with opposition politicians until “the kidnap” of a prominent government envoy Alex Saab – who was extradited Continue Reading
Venezuela’s broken oil industry is still struggling to boost production, and the new target set by PDVSA of 1 million barrels per day by the end of the year is Continue Reading
Citgo Petroleum Corp, the eighth-largest U.S. oil refiner, reported on Monday its seventh quarterly loss in the last two years and reshuffled its board of directors, naming three new members. Continue Reading
