(Chron, Sergio Chapa, 7.Oct.2019) — Frequent power outages, theft of equipment, a political tug-of-war and billions of dollars in losses would seem to signal to businesses that it’s time to...
(White House Press Secretary, 25.Sep.2019) — Today, President Donald J. Trump and other United States officials hosted leaders from Western Hemisphere countries to discuss the need for a democratic transition...
(Reuters, Mircely Guanipa and Marianna Parraga, 25.Sep.2019) — Venezuelan state oil company PDVSA ordered an increase in exports to ally Cuba to ease fuel shortages on the island this month,...
(US Treasury, 24.Sep.2019) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four entities that operate in the oil sector of the Venezuelan economy...
(US Treasury, 24.Sep.2019) — On September 24, the United States designated four companies that operate in Venezuela’s oil sector as sanctioned, and identified as blocked property four vessels associated with...
(FT.com, Michael Stott and Henry Foy, 24.Sep.2019) — Threats of military invasion, sweeping economic sanctions, people power, recognition of a rival government, even an attempted uprising — the US has...
(Argus, 24.Sep.2019) — Venezuelan opposition leader Juan Guaido's constitutional claim to the Opec country's interim presidency could be undermined by today's tumultuous return of the governing United Socialist Party (PSUV)...
(Argus, 6.Sep.2019) — Venezuelan president Nicolas Maduro ordered state prosecutors to lodge treason charges against opposition leader Juan Guaido for allegedly agreeing to relinquish Venezuela's century-old territorial claim to the...
(Reuters, Marianna Parraga, 22.Aug.2019) — The two new top executives at Citgo Petroleum disclosed this week that net income in the second quarter slid to less than half its level...
(Argus, 20.Aug.2019) — The Chinese government is so far showing no sign of curtailing its oil ties to Venezuela, despite state-owned PetroChina's rescheduling of Merey crude loadings in August. Argus...
(AP, 20.Aug.2019) — Parts of Venezuela's capital and at least one state endured a power blackout on Tuesday lasting several hours, in an occurrence that has become commonplace in the...
(Reuters, By Luc Cohen, 15.Aug.2019) — Venezuela's opposition-controlled congress is considering reforms to the country's oil law that would open up the sector to private investment but are scaled back...
(Reuters, Luc Cohen, 14.Aug.2019) — Foreign joint venture partners with Venezuelan state-owned oil company PDVSA are concerned the latest set of U.S. sanctions on the South American country could disrupt...
(WSJ, Vivian Salama, 6.Aug.2019) — The Trump administration imposed a total economic embargo against the government of Venezuela, a significant escalation of pressure against the regime of President Nicolás Maduro...
(Bloomberg, 6.Aug.2019) — President Donald Trump imposed further sanctions on Venezuela, freezing the government’s assets in the U.S. and adding immigration restrictions in a move aimed at stepping up pressure...
(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, analysts said Tuesday. Highlights Analysts...
(Oilprice.com, Tsvetana Paraskova, 5.Aug.2019) — Six U.S. executives at Citgo, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, were detained by Nicolas Maduro’s regime in Venezuela in November 2017...
(Reuters, Matt Spetalnick and Roberta Rampton, 5.Aug.2019) — U.S. President Donald Trump imposed a freeze on all Venezuelan government assets in the United States on Monday, sharply escalating an economic...
(Citgo, 2.Aug.2019) — A Delaware court affirmed the authority of the Guaido Government to make appointments to the Citgo Petroleum Corporation Board of Directors (in Jiménez et al. v. Palacios et...
(Bloomberg, 1.Aug.2019) — Russian oil products are making their way to sanction-stained Venezuela, affording a reprieve for the Latin American nation as it battles persistent fuel shortages. Venezuela received at...
(WSJ, Paulo Trevisani, 1.Aug.2019) — U.S. Commerce Secretary Wilbur Ross laid out a plan including credit and investment to help rebuild Venezuela’s economy under democratic rule, as Washington continues to...
(Reuters, Timothy Gardner, 26.Jul.2019) — The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State...
(Bloomberg, Kevin Crowley, Lucia Kassai and Kevin Cirilli, 25.Jul.2019) — Pressure is mounting on U.S. President Donald Trump to end Chevron Corp.’s 100-year presence in Venezuela as he seeks to exert...
(Argus, 25.Jul.2019) — A US government decision over Chevron's expiring license to work in Venezuela is the first test of its willingness to ease sanctions that have so far failed...
(Ford Tanner, 23.Jul.2019) — Venezuela's political crisis remains in stalemate. Escalating oil-sector sanctions imposed by the United States have contributed to massive declines in crude oil production, but the collapse...
(Reuters, Marianna Parraga and Luc Cohen, 28.Jun.2019) — Venezuelan state oil firm PDVSA is revamping one of its major processing operations geared to supplying U.S. buyers to produce instead a...
(Reuters, 26.Jun.2019) — A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs...
(Reuters, 19.Jun.2019) — An ad-hoc board of directors for U.S. oil refiner Citgo, named by Venezuelan opposition leader Juan Guaido, said on Wednesday it has received a request for information...
(AFP, 5.Jun.2019 ) — Maria Lopez complains about gasoline rationing that Venezuela -- home to the world's largest oil reserves -- has started introducing in some areas to tackle extreme...
(VOA, Martin Arostegui, 21.May.2019) — Spain's Repsol, the last western oil giant with major operations in Venezuela, is leaving the embattled country, as pressure mounts from U.S. sanctions and continuing...
(Bloomberg, Lucia Kassai, 20.May.2019) —Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take...
(AP, Ralph Thomassaint Joseph, 17.May.2019) — When her daughter was 4 years old, Jennifer Jean started a small catering business in Bourdon, a lower middle-class district of the Haitian capital....
(AFP, 17.May.2019) — The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba in what it called a response to actions against...
(CNN, Allan Dodds Frank, 16.May.2019) — Venezuela's future is in limbo, as its embattled president continues to fend off a national movement for regime change. And whether President Nicolas Maduro...
(Reuters, Corina Pons and Mayela Armas, 16.May.2019) — Venezuela’s ad-hoc board of directors for state oil company PDVSA, appointed by opposition leader Juan Guaido, said on Thursday it has made...
(Oilprice.com, Tsvetana Paraskova, 14.May.2019) — U.S. Secretary of State Mike Pompeo and Russian President Vladimir Putin are meeting on Tuesday to discuss various issues, including the fate of Venezuela and...
(Energy.gov, 13.May.2019) — Today, U.S. Secretary of Energy Rick Perry was in Bogotá, Colombia for the Concordia Americas Summit, a gathering of government and private sector leaders held to discuss...
(Reuters, Collin Eaton , 30.Apr.2019) — Oil prices rose on Tuesday above $73 a barrel but then eased off the session high after Venezuela's president Nicolas Maduro said military leaders...
(Reuters, 19.Apr.2019) — The cash-strapped government is becoming increasingly reliant on the Kremlin. (Corrects April 18 story to make clear Reuters could not determine payments were made under the proposed...
(Reuters, Marianna Parraga, 18.Apr.2019) — President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to...
(Reuters, Collin Eaton and Marianna Parraga, 17.Apr.2019) — Spain’s Repsol suspended its swaps of refining products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said,...
(S&P Global Platts, 10.Apr.2019) — Colombia could use its oil expertise to assist in, and benefit from, the secondary recovery of Venezuela’s heavy crude production, Colombia's former energy minister said...
(The Katy News, 8.Apr.2019) — Rep. Pete Olson (TX-22) issued the following statement calling on the Maduro regime to release the six Citgo executives, five of whom are Texans, who...
(RT, 27.Mar.2019) — A political shakeup in oil-rich Guyana, which neighbors OPEC’s Venezuela, in South America. RT America’s Michele Greenstein joins Scottie Nell Hughes to explain how oil discoveries have...
(Oilprice.com, Julianne Geiger, 26.Mar.2019) — Venezuela is once again finding itself in the dark in another massive power outage, according to Aljazeera, weighing further on the South American country that...
(Economic Times of India, 25.Mar.2019) — New Delhi: India may increase oil imports from Brazil and Mexico to offset the loss of Venezuelan oil in the wake of US sanctions...
(Miami Herald, Nora Gamez Torres, 22.Mar.2019) — Cuba would have to spend nearly $2 billion a year to meet its domestic oil needs if Venezuela’s National Assembly and interim president...
(Reuters, Nidhi Verma and Marianna Parraga, 21.Mar.2019) — India’s Reliance Industries is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar U.S.-based companies from dealing with...
(Economic Times, Sanjeev Choudhary, 18.Mar.2019) — India is considering Venezuela’s proposal to use rupee for trade payments to protect the current oil import from the South American nation facing hardening...
(Ft.com, 15.Mar.2019) — The International Energy Agency has warned that crude supplies from Venezuela are at risk of falling sharply and becoming a “challenge” for the global the oil market,...
(The Progressive, Edward Hunt, 14.Mar.2019) — Since ExxonMobil announced the 2015 discovery of large oil reserves off the coast of Guyana, the small South American country has been buzzing with...
(Argus, 10.Mar.2019) — Venezuela’s main oil export terminal and heavy crude processing complex in Jose are shut down as a historic blackout persists across much of the country today. Crude...
(Argus, 8.Mar.2019) — Nearly all Venezuelans are still without electricity this morning because of an unprecedented nationwide blackout that has paralyzed economic activity and crippled the already precarious oil industry....
(AP, Scott Smith and Sheyla Urdaneta, 6.Mar.2019) — Marin Mendez leaned a shoulder into his rusty Chevy Malibu, rolling it forward each time the line of cars inched closer to...
(Reuters, Marianna Parraga, 6.Mar.2019) — Plans by the German operator of a portion of the Venezuelan state oil company’s tanker fleet to return 10 vessels because of unpaid fees prompted...
(Oilprice.com, Tsvetana Paraskova, 6.Mar.2019) — Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference...
(Petroleum Economist, Charles Waine, 22.Feb.2019) — Despite severe US sanctions, President Maduro is standing firm. But how long can the political impasse last while oil production continues to decline? Venezuela...
(CNN, Matt Egan, 19.Feb.2019) — US sanctions on Venezuela’s national oil company have accelerated the unprecedented collapse of its oil output and set off a domino effect in the global...
(Reuters, Tatiana Voronova, 17.Feb.2019) — Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk...
(Reuters, Julia Payne, 15.Feb.2019) — Global commodities firm Trafigura has decided to stop trading oil with Venezuela due to U.S. sanctions on the OPEC nation’s energy sector, a source with...
(IHS Markit Senior Editor Sergey Myakishev, 12.Feb.2019) — The controversy surrounding last year’s re-election of Nicolas Maduro as president of Venezuela came to a head in recent weeks, with continued...
(Caracas Capital Markets, 12.Feb.2019) — I have seen a lot of weird things in courts over the years, but this one is up there, writes Caracas Capital Markets, S.A. Managing...
(Argus, 11.Feb.2019) — India´s two leading refiners will continue to import Venezuelan crude but will no longer supply oil products to Venezuela´s state-owned PdV because of US sanctions, Indian downstream...
(Chron.com, Jordan Blum, 11.Feb.2019) — Struggling Venezuela already is producing oil at a multi-decade low, but the socialist nation's crude output could fall another 50 percent by 2020, further imperiling...
(Industrial Info, 11.Feb.2019) — Crude oil prices rose by a few dollars per barrel in the days after the U.S. imposed sanctions on Venezuela’s oil industry January 28. But those...
(AP, Alexandra Olson, 9.Feb.2019) — The U.S. and dozens of other countries may have declared that Nicolas Maduro is no longer the legitimate president of Venezuela, but that has not...
(Citgo, 9.Feb.2019) Houston-based Citgo Petroleum Corporation is a refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals and other petroleum-based industrial products. Citgo is owned by Citgo Holding, Inc., an...
(S&P Global Platts, 8.Feb.2019) — US sanctions imposed on Venezuela’s state-owned PDVSA could further support an already tight high sulfur fuel oil market in Europe, sources said. The European fuel...
(Marla Dukharan, 4.Feb.2019) — The worst humanitarian crisis in Latin American history has for years been festering in our backyard, with spillovers both good and (mostly) bad for the Caribbean....
(Bloomberg, Jose Enrique Arrioja, Nick Wadhams, and Anna Edgerton, 4.Feb.2019) — Venezuela’s government-in-waiting intends to scrap requirements that state-owned oil giant PDVSA keep a controlling stake in joint ventures as...
[caption id="attachment_6756" align="alignright" width="300"] Source: PDVSA[/caption] (Energy Analytics Institute, Piero Stewart, 2.Feb.2019) — Nicolas Maduro, no longer recognized by the U.S., among numerous other countries worldwide as Venezuela’s president, announced...
(Reuters, 30.Jan.2019) — More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the...
(Barron’s, Evie Liu, 29.Jan.2019) — New U.S. sanctions on Venezuela’s state-owned oil giant not only place more pressure on Venezuelan President Nicolás Maduro’s regime, but also on some U.S. refiners...
(CNN, Matt Egan, 29.Jan.2019) — The United States and Venezuela are going through a painful divorce that will have sweeping consequences for the global oil industry. US oil prices surged...
(CNN, Jack Guy, 29.Jan.2019) — Thousands took to the streets in Venezuela last week to demand the resignation of president Nicolas Maduro. Amid the protests, opposition leader Juan Guaidó declared...