Foreign partners of Venezuela’s PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, Continue Reading
Venezuela’s Pemon, an indigenous people living along the border with Brazil, are determined to allow into the embattled country any foreign aid that may arrive, even if that means a Continue Reading
Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia’s Gazprombank AO, according to sources and Continue Reading
Venezuela is open to barter-like payments from India to boost oil sales to the world’s third-biggest oil consumer, the South American country’s oil minister Manuel Quevedu said on Monday.Venezuela buys Continue Reading
Venezuela’s Oil Minister and President of Venezuelan state-run oil company PDVSA. Venezuela has all mechanisms and channels in place to keep its oil operations going and will be able to Continue Reading
Russia’s Gazprombank said on Sunday that Venezuela’s state-run oil company PDVSA opened accounts with the bank several years ago and has not opened any accounts recently. Reuters reported on Saturday Continue Reading
Latin American crude prices and flows to the United States have climbed this week as U.S. refiners tap lesser-used grades and suppliers to replace Venezuelan oil lost due to U.S. Continue Reading
When President Trump slapped surprise oil sanctions on Venezuela aimed at toppling President Nicolás Maduro, exports plunged and banking froze as the effects hit harder and faster than expected. But Continue Reading
Not only ordinary Venezuelan people have been fleeing poverty and hyperinflation in the Latin American country in recent years. Oil workers are also leaving their poor-paying jobs in the country Continue Reading
US sanctions imposed on Venezuela’s state-owned PDVSA could further support an already tight high sulfur fuel oil market in Europe, sources said. The European fuel oil market has seen unusual Continue Reading
