The ‘Venezuela Benefit’ For Canadian Oil Producers Is Limited
Canadian oil producers are keeping a close eye on the latest events in Venezuela and the opportunity to boost their exports south of the border if things in the troubled Continue Reading
U.S. intensifies anti-Maduro push as Russia backs Venezuelan ally
The United States on Friday intensified its push to drive Venezuelan President Nicolas Maduro from power, as U.S. diplomats left the embassy in Caracas, while Russia vowed to back its Continue Reading
Venezuelan oil exports to U.S. still a primary source of cash
Venezuela’s oil exports to the United States remain the primary cash resource for its state-owned oil company, and efforts by the United States to cut off that revenue would likely Continue Reading
Exclusive: Refiner Citgo prepares to fend off Venezuela’s opposition government
Venezuela’s most important foreign asset, its $10 billion U.S. refining arm Citgo Petroleum, is hunkering down to arm itself with a legal strategy to block efforts for its board to Continue Reading
Pence Pledged U.S. Backing Before Venezuela Opposition Leader’s Move
That late-night call set in motion a plan that had been developed in secret over the preceding several weeks, accompanied by talks between U.S. officials, allies, lawmakers and key Venezuelan Continue Reading
Venezuela Crisis Deepens As The World Take Sides
The political standoff in Venezuela continues as the world watches with apprehension and countries begin to take sides, backing one of the two leaders claiming to be president of the Continue Reading
With Venezuela sanctions looming, USGC refiners face premiums for replacement barrels
The Trump administration is poised to impose sanctions on US imports of Venezuelan crude oil, a move which will leave US Gulf Coast refiners scrambling for more costly replacement barrels, Continue Reading
Venezuela’s Military Backs Maduro
The strong support for Mr. Maduro is a significant blow to the opposition, which wants to use widespread street protests and international support to help break the military’s allegiance to Continue Reading
Venezuela Turmoil Puts Billions of Dollars in Foreign Investment in Jeopardy
Venezuelan parliament speaker Juan Guaidó declared himself interim president at a rally in the capital Caracas on Wednesday, drawing support from several Latin American countries and the U.S. Mr. Maduro Continue Reading
Falling oil revenues pile pressure on Venezuela’s Nicolás Maduro
A recent sharp contraction in oil production in Venezuela and projected further declines this year will increase already-severe pressure on the government of President Nicolás Maduro, according to investors, especially Continue Reading