ConocoPhillips said Thursday in its third-quarter earnings report it received a $345 million payment from the Venezuelan state oil company PDVSA, and that another payment of $500 million will come Continue Reading
Although Venezuela is regularly delaying or avoiding bond payments and is behind on billions of U.S. dollars in such payments, it is preparing to make a rare US$949-million payment on Continue Reading
Russia is well placed to maintain oil production levels above 10 million b/d beyond the next decade, despite western sanctions limiting its access to technology and capital, the International Energy Continue Reading
The United States is mulling over more sanctions against Venezuela, but crude oil exports will not be among the sanction subjects, Reuters reports , quoting a Washington official. The source Continue Reading
Venezuela is tapping at least five new top executives to state oil company PDVSA, six sources said on Wednesday, but the changes are unlikely to halt the unraveling of the Continue Reading
The United States plans to turn up sanctions pressure on Venezuela but sees less need to immediately target its energy sector, given sagging production from the OPEC member’s state-run oil Continue Reading
As crisis-plagued Venezuela struggles to pay its bills at home and abroad, foreign creditors are circling one of the country’s most valuable assets: Citgo, the Houston-based oil company that it Continue Reading
Venezuela’s state-owned oil company PDVSA is preparing to pay holders of its 2020 bond some $950 million this month, after failing to make interest payments on most other bonds this Continue Reading
Royal Dutch Shell Plc ( RDSa.AS ) is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom ( MAUP.PA ), three sources Continue Reading
Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela’s heavy grades as China’s road construction sector—a key Continue Reading
