Venezuela’s PDVSA Looks To Reroute Oil To Europe, Asia Amid U.S. Sanctions
Venezuela’s state oil firm PDVSA is looking to sell more of its oil to customers in Europe and Asia as the U.S. sanctions are cutting off U.S. buyers of its Continue Reading
Feature: Venezuela sanctions leave some naphtha cargoes without destinations
The imposition of US sanctions against Venezuela has altered naphtha trade flow, with tankers booked to carry product there seen failing and others sailing laden seen rerouted as charterers seek Continue Reading
French oil company Total’s accounts blocked in Venezuela
The Venezuelan company accounts of French oil group Total have been blocked as a result of U.S. sanctions, Total chief executive Patrick Pouyanne said on Thursday. View full article at Continue Reading
Rosneft upbeat on Venezuela, sees oil output rising in 2019
Russia’s largest oil producer Rosneft said on Tuesday the political upheaval in Venezuela was only temporary, while the country had cut its debt, and expected its own total oil output Continue Reading
Venezuela oil output likely to fall 300,000 b/d by end-February on lack of diluent: sources
Venezuela is preparing to shut more than a quarter of its already reeling oil production in the coming weeks, with US sanctions preventing state-owned PDVSA from importing diluent needed to Continue Reading
Venezuelan Opposition Plans to Import Aid, in a Slap at Maduro
U.S.-backed members of Venezuela’s opposition converged on the Colombian border city of Cúcuta to arrange a new challenge against Venezuela’s autocratic leader, Nicolás Maduro: food shipments that would be transported Continue Reading
PDVSA sanctions affect flows, accelerating output declines
Just more than a week old, US sanctions on PDVSA, Venezuela’s state-owned oil company, have already had a dramatic impact on global crude and diluent flows and likely hastened the Continue Reading
Loss of Venezuelan oil exports won’t leave huge gap in global market
There is ample spare capacity in other oil producers and strategic reserves to compensate for a loss of Venezuela’s crude exports, helping explain the tepid reaction of global oil prices Continue Reading
US EIA chief sees modest price impact from Venezuelan oil sanctions so far
US sanctions on Venezuela’s oil sector have so far had modest global price impacts as crude production and refinery flows in the US and elsewhere adjust to the supply disruption, Continue Reading
Venezuela Struggles to Pump, Ship Oil After U.S. Sanctions
Venezuelan crude exports are declining sharply as new U.S. sanctions push the country’s oil industry closer to collapse, threatening a bigger impact on global markets than many experts anticipated, people Continue Reading