(AP, 13.Jul.2020) â As U.S. sanctions scare away the worldâs largest shippers from Venezuelaâs oil industry, new players are willing to brave the heightened risks […]
Category: Venezuela
Venezuela energy
Reliance To Load Venezuelan Oil Under Fuel Swap Deal
(Reuters, 9.Jul.2020) â Indiaâs Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap […]
Venezuelaâs Oil Production Sinks To 300,000 b/d
(Argus, 3.Jul.2020) â Venezuela kicked off July with only around 300,000 b/d of crude production and no oil rigs in operation, according to a series […]
Venezuela Awaits New Products Cargo From Italy
(Argus, 3.Jul.2020) â Venezuela will receive another products cargo from Italy next week, highlighting the endurance of debt-related oil trade with EU companies that falls […]
Guaido Team Adds to PDVSA Ad Hoc Board
(Reuters, 1.Jul.2020) â Venezuela’s opposition-held National Assembly on Tuesday named three new members to an ad hoc board of directors for state Petroleos de Venezuela […]
Politics Entangling Exile PdV Board
(Argus, 1.Jul.2020) â An “ad hoc” board of state-owned PdV that is a key part of US-backed opposition leader Juan Guaido’s parallel administration is running […]
Venezuelan Crude Arrives At Milazzo
(Argus, 1.Jul.2020) â A cargo of Venezuelan crude has arrived at the 235,000 b/d refinery run by Italy’s integrated Eni and Kuwait’s state-owned KPC at […]
Venezuela’s Oil Exports Sank In June To 77-year Low: Data
(Reuters, 1.Jul.2020) â Venezuelaâs oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat […]
Venezuela Tightens Grip On Fuel Stations
(Reuters, 28.Jun.2020) â Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences âat any timeâ, only weeks after […]
PDVSA Weighs Plan To Pay For Refinery Work With Fuel
(Reuters, 25.Jun.2020) â Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country’s refineries […]
Tankers With Venezuelan Oil Stuck At Sea
(Reuters, 24.Jun.2020) â Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nationâs crude to […]
Tankers With Venezuelan Oil Unable To Unload
(Sputnik, 24.Jun.2020) â Earlier this month, the US Treasury Department announced that it was imposing Venezuela-related sanctions against four companies and four oil tankers belonging […]
Russia Backs Venezuela In Fight Against US
(Newsweek, 24.Jun.2020) â Russia vowed to support Venezuela in its campaign to counter U.S.-backed regime change after the Pentagon sailed warships nearby in the Caribbean […]
Venezuela Wooed Texan Lawmaker To Ease Sanctions
(AP, 22.Jun.2020) â Venezuela’s socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same […]
Venezuela Wooed Texas Lawmaker To Ease Sanctions
(AP, 20.Jun.2020) â Venezuela’s socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same […]
End of Venezuelaâs Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) â Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduroâs embattled regime. Crude […]
End Of Venezuelaâs Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) â Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduroâs embattled regime. Crude […]
Guaido Team Favoring COP In Citgo Fight: Update
(Argus, 19.Jun.2020) â Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for […]
Guaido Team Favoring COP In Citgo Fight
(Argus, 19.Jun.2020) â Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for […]
US Sanctions Mexican Cos. Helping Venezuelan Oil
(Bloomberg, 18.Jun.2020) â The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements […]
Treasury Targets Sanctions Evasion Network Supporting Corrupt Venezuelan Actors
(US Department of Treasury, 18.Jun.2020) â Today, the U.S. Department of the Treasuryâs Office of Foreign Assets Control (OFAC) designated three individuals and eight foreign […]
Venezuela’s Oil Exports Fall As Contracts Get Suspended
(Reuters, 16.Jun.2020) â Venezuelaâs oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 […]
Iran To Keep Offloading Fuel Glut To Venezuela
(Reuters, 15.Jun.2020) â Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply […]
Venezuelaâs Oil Production In Free Fall
(Energy Analytics Institute, 15.Jun.2020) â Venezuelaâs production of crude oil continues in a free fall, reaching 411,900 barrels per day on 15 June 2020, down […]
Venezuelaâs Oil Plunges To Lowest Level Since 1945
(Bloomberg, 13.Jun.2020) â Oil production in Venezuela, the country with the worldâs largest reserves of crude, has fallen to a 75-year low with U.S. sanctions […]
In Venezuela, One Rig Works Worldâs Biggest Reserves
(Bloomberg, 11.Jun.2020) â Venezuelaâs fall from oil superpower to failing producer can be illustrated in one image: a single drilling rig working the worldâs largest […]
Wave Of Venezuelan Oil Stalled At Sea
(Argus, 10.Jun.2020) â Vessel tracking data shows a fleet of 44 international tankers on the water holding 40.5mn bl of Venezuelan oil as shipowners face […]
Restart Of Virgin Islands Refinery Delayed Again
(Argus, 10.Jun.2020) â The restart of an oil refinery in the US Virgin Islands is poised for another delay because of pandemic restrictions. The refinery […]
Guaido Team Promises Fuel Surge In Venezuela
(Argus, 8.Jun.2020) â Venezuela’s US-backed political opposition is promising to restore stable fuel supply in two weeks if it takes power, kicking off with crude-for-products […]
Venezuela’s Gasoline System Fails To End Epic Lines
(Reuters, 7.Jun.2020) â Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend, a week […]
Chevron Oil Tangled In US Sanctions On Venezuela
(Reuters, 5.Jun.2020) â A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with […]
OPEC+ To Meet Saturday On Extending Cuts
(Reuters, 5.Jun.2020) â OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards […]
Iranâs Message To US With Venezuela Oil Shipments
(Financial Times, 4.Jun.2020) â For the Islamic republic, it was a mission fraught with risk: send five Iranian-flagged fuel tankers through some of the worldâs […]
US Sanctions Four Firms For Transporting Venezuelan Oil
(Aljazeera, 2.Jun.2020) â The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in […]
Venezuela’s Oil Exports Sink To 17-year Low On Sanctions
(Reuters, 2.Jun.2020) â Venezuelaâs oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that […]
Mexico Probes Libre Abordo Pact With Venezuela
(Reuters, 2.Jun.2020) â The Mexican governmentâs financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under […]
CITGO Proposes $750mn Private Offering
(Citgo, 2.Jun.2020)Â â Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, of $750 […]
Venezuela Rolls Out Two-tiered Fuel Pricing
(Argus, 1.Jun.2020) â A two-tiered gasoline pricing system rolled out by Venezuela today maintains generous subsidies for limited volumes but allows private-sector operators to charge […]
Libre Abordo Announces Bankruptcy
(Reuters, 31.May.2020) â Mexico-based company Libre Abordo said on Sunday it was bankrupt and that Venezuelan President Nicolas Maduro had terminated an oil-for-food agreement that […]
Venezuela, In Historic Shift, Scales Back Fuel Subsidy
(WSJ, 31.May.2020) â The regime of NicolĂĄs Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service […]
Trinidad-Venezuela Ties Omit Natural Gas For Now
(Argus, 29.May.2020) â Trinidad and Tobago declared explicit support for Venezuela’s US-sanctioned government this week, but the political ties will not revive natural gas cooperation […]
Tanker Petunia Accompanied By Air Force
(Energy Analytics Institute, Piero Stewart, 29.May.2020) â Venezuelan military aircraft accompanied the Iranian tanker Petunia to a dock located on the OPEC countryâs shores, announced […]
Tanker Faxon Docks At Guaraguao Complex
(Energy Analytics Institute, Piero Stewart, 29.May.2020) â The Iranian tanker Faxon, the fourth of a flotilla of five, docked at the Guaraguao refining complex in […]
US Threatens Sanctions to Deter Iranian Tankers
(Dow Jones, 29.May.2020) â U.S. authorities have threatened tankers carrying Iranian fuel to Venezuela with sanctions, aiming to thwart a burgeoning economic alliance between two […]
Maduro Considers Charging Citizens More For Petrol
(Al Jazeera, 28.May.2020) â Venezuela’s president hints that he could start charging for petrol, which is usually practically free for citizens. Venezuela’s President Nicolas Maduro […]
Q&A: PdV Exile Board Has âLeversâ To Keep Citgo
(Argus, 28.May.2020) â Luis Pacheco is chairman of a parallel board trying to exert control over the future of Venezuela’s state-owned PdV. Appointed by the […]
Op-Ed: My Love Affair With Tulsa University
(Gustavo Coronel, 27.May2020) â An April morning in 1951, I left New York City for Tulsa, Oklahoma. I had been studying English for 15 weeks […]
Maduro Sends Iranian Oil To Cuba
(Panam Post, 27.May.2020) â A Cuban vessel arrived in Venezuela to allegedly provide the island gasoline that has just arrived from Iran. According to the […]
Maduro Vows To Raise Venezuelan Gasoline Price
(Reuters, 27.May.2020) â Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing […]
Third Iranian Fuel Cargo Approaches Venezuela
(Reuters, 26.May.2020) â The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela was approaching the nationâs exclusive economic zone on Tuesday […]