Eurasia Group Publishes Top Risks For 2021

(Eurasia Group, 4.Jan.2021) — As we begin 2021, the United States is the most powerful, politically divided, and economically unequal of the world’s industrial democracies. […]

Venezuela Producing Around 450,000 b/d

(Energy Analytics Institute, 1.Dec.2020) — Venezuela is said to be producing around 450,000 barrels per day and exporting more with the assistance of Chinese and […]

Faulty Heat Exchangers Spill Venezuelan Oil

(Argus, 26.Aug.2020) — An estimated 25,000 bl of oil spilled along western Venezuela’s coastline in recent weeks came from faulty heat exchangers at state-owned PdV’s […]

Liza Unity Hull Arrives In Singapore

(Energy Analytics Institute, 15.Jul.2020) — The Liza Unity FPSO hull has arrived from China to the Keppel shipyard in Singapore where it will be fitted […]

Petrobras Reports Rise In Fuel Exports

(Petrobras, 5.Jun.2020) — Petrobras reports that it exported 1.11 million tons of fuel oil in May, surpassing the previous record set in February 2020 by […]

BP Licenses PTA technology To Dongying Weilian

(BP, 28.May.2020) — Weilian Chemical is a subsidiary of Dongying United Petrochemical Co., Ltd, one of the leading manufacturers and distributors of petroleum and petrochemical […]

Message From Petrobras’ CEO On 1Q:20 Results

(Petrobras, 15.May.2020) — Petrobras CEO Roberto Castello Branco delivered his message to shareholders related to the company’s first quarter 2020 results. “We express our solidarity […]

Petrobras Powers Past Oil Glut On China Sales

(Bloomberg, 29.Apr.2020) — Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with […]

Petrobras Reverses Production Cuts

(Reuters, 27.Apr.2020) — Brazilian state-run oil firm Petrobras has reversed most of its previously announced production cuts due to higher-than-expected demand for some fuels, it […]

Collapsing Demand Sets Terms In OPEC+ Battle

(WoodMac, 9.Apr.2020) — Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking […]

Venezuela Weighs Privatizing Oil

(Bloomberg, 27.Jan.2020) — Facing economic collapse and painful sanctions, the socialist government of Venezuelan President Nicolas Maduro has proposed giving majority shares and control of […]

Guaido Rubbing Elbows In Surprise Foreign Trip

(Argus, 20.Jan.2020) — The US government is hoping a high-profile international tour by Venezuelan opposition leader Juan Guaido will re-inject momentum into its protracted campaign […]

Oil Is The Only Way Back Up For Venezuela

(Oilprice.com, 19.Jan.2020) — There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere. The key […]

US Considering More Venezuela Sanctions

(S&P Global Platts, 6.Jan.2020) — The US may respond to escalating political disarray in Venezuela by allowing a sanctions waiver for Chevron and four US […]

Petrobras Prepays $5bn CDB Loan

(Petrobras, 16.Dec.2019) — Petrobras, following up on the press release disclosed on August 14, 2019, prepaid a $5 billion loan with China Development Bank (CDB), […]

Venezuela Oil Output Rises

(Reuters, 10.Dec.2019) — Venezuela’s crude output in November jumped more than 20% from the prior month to the highest level since the United States tightened […]

Venezuela Offers Suppliers Payment In Yuan

(Reuters, Mayela Armas, Corina Pons, 28.Nov.2019) — Venezuela’s government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China […]

Live At State With Elliott Abrams

(US Treasury, 10.Sep.2019) — U.S. Special Representative for Venezuela Elliott Abrams discussed issues related to Venezuela during a Live At State from Washington, D.C. MODERATOR:  […]

Venezuelan Oil Exports At Lowest Level In 2019

(Reuters, Marianna Parraga, Mircely Guanipa, 3.Sep.2019) — Venezuela’s oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data […]

US Escalates Venezuela Sanctions

(Platts, 6.Aug.2019) — The US escalated sanctions against Venezuela late Monday and may use the executive order to target crude flows to China and India, […]

Venezuela Oil Exports Slid 17.5% In July-Data

(Reuters, Marianna Parraga, 1.Aug.2019) — Venezuela’s oil exports fell 17.5% in July to their second-lowest level since Washington imposed sanctions on the nation as state-run […]

Petropiar JV Starts Blending

(Reuters, 29.Jul.2019) — Venezuelan state-run oil company PDVSA said on Monday the Petropiar extra-heavy crude upgrader, part-owned by U.S. oil company Chevron Corp, had begun […]

Sanctions Squeeze Venezuela’s EHCO Output

(Petroleum Economist, 18.Jul.2019) — Latin America’s economically troubled oil giant faces the difficult task of significantly raising Asian crude grades. Venezuela’s upgraders have been forced […]

Peru Cuts Gas Reserves, CNPC Block On Hold

(Argus, 10.Apr.2019) — Peru’s natural gas reserves declined after the energy ministry reclassified the potential of Chinese state-owned CNPC’s block 58 from proven/probable reserves to […]