The acute fuel shortage in Venezuela is impeding distribution of limited food and aid needed to tackle the spreading coronavirus. Venezuela’s national oil company PDVSA is continuing to supply its Continue Reading
China has been sending aid to help Venezuela deal with the outbreak The US has offered to lift crippling sanctions against Venezuela if its leaders agree to a power-sharing deal. Continue Reading
Russian state oil company Rosneft’s decision to cease operations in Venezuela and sell its assets there to a Russian government-owned company was a “maneuver” made in reaction to collapsing oil Continue Reading
Russia’s Rosneft has canceled VLCC cargoes scheduled to carry 5.7 million barrels of Venezuelan oil because of U.S. sanctions, Reuters reports , citing data from PdVSA, and shipping data from Continue Reading
Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any U.S. sanctions in an escalating fight between Continue Reading
In an unexpected move, Russian state oil giant Rosneft announced that it would halt all activities in Venezuela and sell all its assets related to activities in the country. “Today, Continue Reading
Russia said on Friday U.S. “narco-terrorism” charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become “a tool of genocide” amid the coronavirus outbreak. The Continue Reading
The U.S. government on Thursday indicted Venezuelan President Nicolas Maduro and more than a dozen other top Venezuelan officials on charges of “narco-terrorism,” the latest escalation of the Trump administration’s Continue Reading
Venezuela is looking to shut in some of its still-operational oil wells as oil buyers prove increasingly hard to find at a time when oil demand worldwide is plunging and Continue Reading
On March 13, Melquiades Avila, an indigenous leader and journalist in the remote Venezuelan state of Delta Amacuro, asked on his popular Facebook account: “Will our hospital be ready for Continue Reading
Venezuela has started shutting down gasoline stations across the country as a shortage of fuels has prompted rationing, Bloomberg reports . According to an unnamed source who spoke to Bloomberg, Continue Reading
The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American officials say is a new round of charges Continue Reading
© Getty Images The dictatorship of Nicolas Maduro in Venezuela is about to face a perfect storm. After several days of denial, the regime has acknowledged the first cases of Continue Reading
Some gasoline stations in Venezuela were unusually empty on Wednesday, as regional authorities banned queuing for gasoline as part of a nationwide quarantine to contain the spread of the coronavirus. Continue Reading
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a Mexican firm that had received the crude in exchange for Continue Reading
At least 38 workers from Venezuela’s state oil company Petroleos de Venezuela’s, including the president of maritime subsidiary PDV Marina, were detained on accusations of trafficking fuel, Venezuelan Interior Minister Continue Reading
The U.S. government is preparing to impose new measures as soon as next week to stifle Venezuela’s oil exports, including a move not to renew Chevron Corp’s ( CVX.N ) Continue Reading
An energy consultant who had worked for Shell for decades has started talks with Venezuela’s state oil firm PDVSA to help it reduce gas flaring at oil sites, but the Continue Reading
Reliance, Nayara were top buyers of Venezuelan crude Both refiners can alter slates for new grades: Platts Analytics US, Mexican crudes can also offer some breathing space Singapore — The Continue Reading
Venezuela has moved to seize assets of six shipping companies claiming they have unpaid debt to state oil company PDVSA, Reuters reported , quoting a document it had seen and Continue Reading
U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island’s government, Citgo said late on Saturday, after the two parties Continue Reading
Two Indian oil refiners who still buy Venezuelan crude will stop importing oil from the Latin American country from April as the U.S. steps up sanctions pressure on Nicolas Maduro’s Continue Reading
The Trump Administration is unlikely to grant U.S. supermajor Chevron another waiver to operate in Venezuela as the United States is increasing pressure on Nicolas Maduro’s regime, Bloomberg reported on Continue Reading
Armed assailants murdered the captain of an oil tanker after boarding his ship while it was anchored off the coast of eastern Venezuela, according to a local union leader and Continue Reading
The US may have dealt Venezuela another blow by sanctioning Rosneft subsidiary Rosneft Trading last week, but as the company dealing the most oil from Venezuela is hamstrung, another Rosneft Continue Reading
U.S. President Donald Trump has decided to step up a sanctions campaign on Venezuela’s oil sector and will be more aggressive in punishing people and companies that violate it, the Continue Reading
Venezuela’s PDVSA is preparing a fuel rationing plan for domestic consumers as the state-owned company confronts a shortfall of refined products and the consequences of US sanctions on production and Continue Reading
Officials at the Trump Administration are back discussing a plan to oust Venezuela’s Nicolas Maduro by potentially persuading people in his ruling party to turn against him and agree to Continue Reading
Venezuela’s President Nicolas Maduro has declared emergency for the country’s oil industry, calling for measures to ensure Venezuela’s energy security, Sputnik reports , quoting a tweet by the presidential administration. Continue Reading
Indian conglomerate Reliance Industries is studying the impact of the newly imposed U.S. sanctions on a unit of Russia’s Rosneft over trade of Venezuelan crude oil, and will make sure Continue Reading
Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, redoubling efforts to shore up the nation’s crumbling oil Continue Reading
Just one day after the United States slapped sanctions on Rosneft’s subsidiary Rosneft Trading, oil trader Trafigura has announced that it will disentangle itself from the sanctioned company by mid-May Continue Reading
The Trump administration’s decision to sanction Rosneft’s trading arm Tuesday may be a sign that Chevron’s waiver allowing it to continue its work in Venezuela may soon expire, analysts said. Continue Reading
The US imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, on Tuesday for supporting Venezuela’s oil sector by continuing to trade with sanctions-hit Continue Reading
A cargo of 950,000 barrels of crude that had been stranded at sea for about a year has finally docked at the port of Jose in Venezuela, Bloomberg reports, adding Continue Reading
Venezuela’s state-owned PDVSA has 677,000 b/d of crude available to sell for February, but no buyers because of US sanctions, according to a company official. Receive daily email alerts, subscriber Continue Reading
Chevron has boosted oil production at its joint venture with Venezuela’s PDVSA to the highest in almost a year, Bloomberg reports , adding that the Maduro government is considering giving Continue Reading
US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on Venezuelan crude exports and declining prices of high Continue Reading
Mr Lavrov (left) was speaking after talks with President Maduro (right) in Caracas Russia has pledged to boost military and economic co-operation with Venezuela to help the South American nation Continue Reading
Shares in Russia’s largest oil producer, Rosneft, slumped on Friday on the Moscow Stock Exchange, following a report on Thursday that the United States is thinking about slapping sanctions on Continue Reading
Venezuelan authorities rounded up U.S. oil executives held under house arrest in Caracas Wednesday night and moved them to a prison, the top U.S. envoy to Venezuela told reporters on Continue Reading
In the year since the Trump administration declared what amounted to economic war against the Venezuelan government of President Nicolás Maduro — an oil embargo that cut it off from Continue Reading
The US continues to weigh sanctions on Russian state oil company Rosneft as it continues to receive Venezuelan crude as debt repayment and sell it to China and India buyers, Continue Reading
Venezuela’s oil exports fell 14% in January , exporting less than 1 million bpd of crude and refined products for the month, according to Reuters. The 951,903 bpd that was Continue Reading
The Trump administration on Wednesday warned Venezuelan President Nicolas Maduro not to interfere with the return of opposition leader Juan Guaido and floated possible sanctions against Russia’s Rosneft ( ROSN.MM Continue Reading
Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who Washington wants out of power. Russia has helped Continue Reading
Swaying to the D.J. and sipping cocktails on the open terrace of a mountain side bar, a party of private-school teenagers in Prada sneakers and Chanel bags looked down over Continue Reading
The U.S. Agency for International Development (USAID) and the U.N. International Organization for Migration (IOM) launched a program on Tuesday to help tens of thousands of Venezuelan migrants settle for Continue Reading
January 28 marks the one-year anniversary of sanctions imposed by the US Department of Treasury on Venezuela’s state-run oil producer, PDVSA, which has been translated as a de facto ban Continue Reading
As Venezuela continues its ungraceful careen off the cliff, few opportunities are left for the Latin American country to save itself from disaster. One such opportunity would be for the Continue Reading
