(Reuters, 16.Jun.2020) — Venezuela’s oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and...
(Reuters, 15.Jun.2020) — Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply but risking retaliation from U.S....
(Energy Analytics Institute, 15.Jun.2020) — Venezuela’s production of crude oil continues in a free fall, reaching 411,900 barrels per day on 15 June 2020, down by 206,800 barrels per day...
(Bloomberg, 13.Jun.2020) — Oil production in Venezuela, the country with the world’s largest reserves of crude, has fallen to a 75-year low with U.S. sanctions continuing to cripple the country’s...
(Bloomberg, 11.Jun.2020) — Venezuela’s fall from oil superpower to failing producer can be illustrated in one image: a single drilling rig working the world’s largest oil reserves. As fields across...
(Argus, 10.Jun.2020) — Vessel tracking data shows a fleet of 44 international tankers on the water holding 40.5mn bl of Venezuelan oil as shipowners face growing risk of US sanctions...
(Argus, 10.Jun.2020) — The restart of an oil refinery in the US Virgin Islands is poised for another delay because of pandemic restrictions. The refinery was supposed to reopen in...
(Argus, 8.Jun.2020) — 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 swaps. In an initial stage,...
(Reuters, 7.Jun.2020) — Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend, a week after President Nicolas Maduro launched...
(Reuters, 5.Jun.2020) — A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company confirmed on...
(Reuters, 5.Jun.2020) — OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards such as Iraq and Nigeria...
(Financial Times, 4.Jun.2020) — For the Islamic republic, it was a mission fraught with risk: send five Iranian-flagged fuel tankers through some of the world’s most crucial maritime gateways to...
(Aljazeera, 2.Jun.2020) — The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort to depose socialist...
(Reuters, 2.Jun.2020) — Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that had acted as intermediaries for...
(Reuters, 2.Jun.2020) — The Mexican government’s financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under an oil-for-food pact, in a...
(Citgo, 2.Jun.2020) — Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, of $750 million aggregate principal amount of...
(Argus, 1.Jun.2020) — A two-tiered gasoline pricing system rolled out by Venezuela today maintains generous subsidies for limited volumes but allows private-sector operators to charge international prices for imports. The...
(Reuters, 31.May.2020) — 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 had allowed the firm to...
(WSJ, 31.May.2020) — The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service stations, in a significant shift...
(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela's US-sanctioned government this week, but the political ties will not revive natural gas cooperation in the near term because...
(Energy Analytics Institute, Piero Stewart, 29.May.2020) — Venezuelan military aircraft accompanied the Iranian tanker Petunia to a dock located on the OPEC country’s shores, announced Venezuelan official Vladimir Padrino L....
(Energy Analytics Institute, Piero Stewart, 29.May.2020) — The Iranian tanker Faxon, the fourth of a flotilla of five, docked at the Guaraguao refining complex in Anzoátegui state in Eastern Venezuela,...
(Dow Jones, 29.May.2020) — U.S. authorities have threatened tankers carrying Iranian fuel to Venezuela with sanctions, aiming to thwart a burgeoning economic alliance between two of America's biggest rivals. Two...
(Al Jazeera, 28.May.2020) — Venezuela's president hints that he could start charging for petrol, which is usually practically free for citizens. Venezuela's President Nicolas Maduro said on Wednesday his government...
(Argus, 28.May.2020) — Luis Pacheco is chairman of a parallel board trying to exert control over the future of Venezuela's state-owned PdV. Appointed by the National Assembly led by opposition...
(Gustavo Coronel, 27.May2020) — An April morning in 1951, I left New York City for Tulsa, Oklahoma. I had been studying English for 15 weeks at Queens College before going...
(Panam Post, 27.May.2020) — A Cuban vessel arrived in Venezuela to allegedly provide the island gasoline that has just arrived from Iran. According to the Marine Traffic portal, this is...
(Reuters, 27.May.2020) — Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing fuel from Iran approached the...
(Reuters, 26.May.2020) — The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela was approaching the nation’s exclusive economic zone on Tuesday as the previous two were...
(Energy Analytics Institute, Piero Stewart, 26.May.2020) — The Iranian tanker Forest docked at the Cardon refinery located in the Paraguaná Refining Complex (CRP) located in Falcón state in western Venezuela,...
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The Fortune Iranian fuel tanker reached Pier 4 of PDVSA’s El Palito Refinery located in Puerto Cabello in Carabobo state, announced Venezuela’s Economy...
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The first of five Iranian tankers carrying gasoline and fuel additives, Fortune, has made it to Venezuela’s Exclusive Economy Zone. The five tanker...
(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The first of five Iranian tankers carrying gasoline and additives for making fuel from Iran to Venezuela has reached the Caribbean country’s shores....
(Energy Analytics Institute, Piero Stewart, 24.May.2020) — Venezuela’s President Nicolás Maduro announced gratitude to the Iran Republic for the shipments of gasoline and fuel additives that began to arrive to...
(Argus, 21.May.2020) — Two members of the parallel board of Venezuela's national oil company PdV have resigned, a development that exposes brewing frustration in the exiled technical ranks of US-backed...
(Wall Street Journal, 20.May.2020) — The Trump administration is weighing new sanctions and other legal steps to disrupt Iranian oil exports to Venezuela, U.S. officials said, in response to what...
(Argus, 20.May.2020) — State-owned PdV has partially restarted a 70,000 b/d delayed coker which had been off line for over a year at its 305,000 b/d Cardon refinery, three PdV...
(Argus, 19.May.2020) — Iran's gasoline shipments to Venezuela are helping to ease a supply glut at home, where demand has collapsed because of strict measures to check the Covid-19 pandemic....
(Reuters, 18.May.2020) — The U.S. Supreme Court on Monday declined to hear Venezuela's appeal of a lower court ruling allowing Canadian gold mining company Crystallex to seize shares in U.S....
(AP, 18.May.2020) — Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of a wider deal between the...
(Bloomberg, 18.May.2020) — The U.S. Supreme Court rejected an appeal by Venezuela in its fight to retain control of oil refiner Citgo Holding Inc., putting the country a step closer...
(Argus, 13.May.2020) — Venezuela's state-owned PdV has retained one seat on the new corporate board of European specialty refiner Nynas after a restructuring that freed the venture from US sanctions....
(Oilprice.com, 13.May.2020) — As the international community seeks answers with regards to the failed armed incursion into Venezuela that took place May 4, allegedly with the immediate participation of former...
(Reuters, 13.May.2020) — The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. Treasury Department inquiry into possible...
(Reuters, 13.May.2020) — At least one tanker carrying fuel loaded at an Iranian port set sail to crisis-stricken Venezuela, according to vessel tracking data from Refinitiv Eikon on Wednesday, which...
(Nynas, 12.May.2020) — The US Treasury Department’s Office of Foreign Asset Control (OFAC) announced today that Nynas is no longer being blocked pursuant to the Venezuela Sanctions Regulations. As a...
(OFAC, 12.May.2020) — The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is revoking and archiving on its website Venezuela-related General License (GL) 13E “Authorizing Certain Activities Involving...
(Reuters, 12.May.2020) — A joint venture partner of state oil company PDVSA, GPB Global Resources BV, has received at least two cargoes of Venezuelan crude in recent months as part...
(Argus, 8.May.2020) — A sweeping proposal to draw investment into an Opec nation would normally turn some heads. That is what Venezuela’s US-backed political opposition had been expecting when it...
(Argus, 4.May.2020) — Venezuela's state-owned PdV rolled out the appointment of up to 26 new presidents of joint ventures that are mostly inactive. The appointments, some of whom may have...
(Reuters, 4.May.2020) — Venezuela’s oilfields produced 687,000 barrels of crude last Saturday, up from 653,000 barrels on Friday but below the 718,000 barrels per day (bpd) the country said it...
(PDV Holding, 1.May.2020) — PDV Holding, Inc., and the Government of Aruba/Refineria di Aruba (RDA) today executed an amicable termination agreement in relation to the contract for the San Nicolás...
(Reuters, 29.Apr.2020) — The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in an oil-for-food pact signed in...
(Oilprice.com, 29.Apr.2020) — Venezuela seems to be changing tactics when it comes to managing its oil resources. PDVSA is considering a major industry reform that would increase private company activities...
(Reuters, 28.Apr.2020) — The latest fire to erupt at one of Venezuelan state-owned PdV's oil installations has temporarily knocked out up to 130,000 b/d of heavy crude production from three...
(Forbes, 28.Apr.2020) — In a total about-face on the “socialism” and “communism” and the Yankee-Go-Home attitude of the ruling Socialists United of Venezuela (PSUV), the country’s beleaguered and bankrupt oil...
(Argus, 27.Apr.2020) — The two Maduro loyalists who have been effectively running Venezuela's national oil industry for two months were officially appointed today as acting heads of the oil ministry...
(Reuters, 23.Apr.2020) — Venezuela has received refining materials via plane shipment from Iran to help it start the catalytic cracking unit at the 310,000 barrels-per-day Cardon refinery, which is necessary...
(Oilprice.com, 23.Apr.2020) — On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela that they had until December to wind down operations in the country. The...
(Reuters, 22.Apr.2020) — Chevron Corp has been banned from drilling or transporting oil in Venezuela and its assets there are “mothballed” as the Trump administration cracks down on money going...
(Bloomberg, 21.Apr.2020) — Chevron Corp. will be forced to effectively wind down its operations in Venezuela, dealing the Maduro regime’s crumbling oil industry another blow as U.S. President Donald Trump...
(AP, 21.Apr.2020) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling...
(Argus, 16.Apr.2020) — The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their presence in Venezuela, as it...
(Argus, 15.Apr.2020) — Venezuelan state-owned PdV's failed effort to restart its 140,000 b/d El Palito refinery is aggravating a fuel deficit that is sparking sporadic protests by frustrated drivers even...
(Energy Analytics Institute, Piero Stewart, 11.Apr.2020) — Venezuela, not invited to participate in the OPEC+ discussions, continues to support the measures that intend to contribute to the stability of the...
(Reuters, 10.Apr.2020) — Representatives of Venezuela’s private oil service companies have proposed the government loosen restrictions on gasoline imports and sales, as the country faces its worst motor fuel shortages...
(Reuters, 8.Apr.2020) — Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only...
(Energy Analytics Institute, Piero Stewart, 8.Apr.2020) — Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) and the Italian oil company ENI, which comprise the Empresa Mixta Petrojunín, SA --...
(Oilprice.com, 6.Apr.2020) — Over the past weeks, the Trump Administration has tightened the noose around Nicolas Maduro’s regime, increasing pressure on the country sitting on top of the world’s largest...
(Energy Analytics Institute, Piero Stewart, 3.Apr.2020) — Venezuela’s state-owned oil company Petróleos de Venezuela S.A. (PDVSA) activated a Special Fuel Supply Plan to counter a naval blockade by the US...
(Argus, 2.Apr.2020) — Venezuela's crude production partially recovered to around 700,000 b/d at the end of March, but state-owned PdV and its foreign partners cannot afford to dismiss weaker price...
(Reuters, 2.Apr.2020) — Latin American nation's average exports of crude and refined oil in March were the second lowest since United States imposed sanctions in January 2019. ***
(Energy Analytics Institute, Piero Stewart, 31.Mar.2020) — Venezuela’s President Nicolás Maduro highlighted the importance of the agreements between the Organization of Petroleum Exporting Countries (OPEC) and its allies (OPEC+), as...
(Bloomberg, 30.Mar.2020) — The Kremlin’s sudden shift of ownership of multi-billion-dollar oil projects in Venezuela shields oil giant Rosneft PJSC from further U.S. sanctions but keeps Moscow firmly behind embattled...
(Reuters, 30.Mar.2020) — Venezuela’s crude production ended last week at around 670,000 barrels per day (bpd), according to documents seen by Reuters and two people with access to output data,...