(Energy Analytics Institute, 28.Feb.2024) — Venezuela’s President Nicolás Maduro said he expects the economy of the Opec country to grow 8% in 2024. The president […]
Tag: OPEC
EAI’s NRGBriefs: January 2024
(Energy Analytics Institute, 31.Jan.2024) — Energy briefs as well as others related to finance and projects during Jan. 2024 including Washington reviewing its sanctions policy […]
Venezuela’s 2023 Oil Exports Rose, Aided by US Sanctions Easing
(Reuters, 3.Jan.2023) — Venezuela’s oil exports increased 12% last year to almost 700,000 barrels per day (bpd) as the United States eased sanctions imposed since […]
S&P Global Releases its 2024 Energy Outlook
(S&P Global, 14.Dec.2023) — Analysts at S&P Global Commodity Insights, an independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, […]
Corina Machado says Venezuela to end socialism: El Nacional
HOUSTON, TEXAS (Aaron Simonsky, Energy Analytics Institute, 24.Nov.2023, Words: 156) — Vente Venezuela national coordinator and opposition leader María Corina Machado said the next president […]
Venezuela’s October Oil Exports Fall 19% Despite U.S. Easing Sanctions
(Reuters, 2.Nov.2023) — Venezuela’s oil exports declined in October to less than 700,000 barrels per day (bpd) amid operational hiccups at the country’s main production […]
African Leaders Slam Western Energy ‘Hypocrisy’ but Financing Woes Remain
(S&P Global, 17.Oct.2023) — In a rousing performance to open African Energy Week in Cape Town, the cry went out from a young troupe of […]
Guyana not interested in joining OPEC, VP says
(Reuters, 26.Jun.2023) — Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, […]
Venezuela Opposition Envoy Urges Biden to Ease Oil Sanctions
(AP, 3.Apr.2023) — The new representative of Venezuela’s opposition in the U.S. is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s […]
OPEC Cuts Oil Demand Forecast to Below the 100 MMb/d Mark [PDF Download]
(Energy Analytics Institute, 12.Oct.2022) — The Organization of Petroleum Exporting Countries (OPEC) now forecasts oil demand to dip below 100 million barrels per day (MMb/d) […]
OPEC+ Deepens Support for Saudi Call to Weigh Supply Curbs
(Bloomberg, 24.Aug.2022) — OPEC’s united front on possible action grew stronger, as more nations endorsed Saudi Arabia’s view that supply curbs may be needed to […]
Nigeria’s NNPC Renews Oil Contracts to Produce 10 Billion Barrels
(Reuters, 12.Aug.2022) — Nigeria’s state-owned oil firm NNPC Ltd on Friday renewed oil production sharing agreements with international majors and local firms for five deepwater […]
Mohammad Sanusi Barkindo: An OPEC Icon, A Dear Friend to Many
(OPEC, 6.Jul.2022) — It is with immense sorrow and sadness that the OPEC Secretariat learnt of the passing of the OPEC Secretary General, His Excellency, […]
Keynote Address by OPEC Secretary General Barkindo
(OPEC, 5.Jul.2022) — Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the opening ceremony of the 21st edition of Nigeria Oil and Gas […]
NRGBriefs: Chevron Comments on Venezuelan License; SQM Results
(Energy Analytics Institute, 19.May.2022) — Energy briefs including Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) holding a conference […]
OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader
(Energy Analytics Institute, 11.May.2022) — Petróleos de Venezuela S.A. (PDVSA) President Asdrúbal Chávez, and the board of directors of the company received the Secretary General […]
OPEC’s Barkindo Visits Jose Antonio Anzoátegui Petrochemical Complex
(Energy Analytics Institute, 11.May.2022) —The Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo and an OPEC delegation visited the ‘Jose Antonio Anzoátegui Petrochemical […]
NRGBriefs: Nigeria’s Barkindo Visits with Venezuelan Authorities
(Energy Analytics Institute, 7.May.2022) — Energy briefs including the Organization of Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo visiting Venezuela to participate in meetings […]
Venezuela and Iran to Deepen Oil and Defense Ties
(Energy Analytics Institute, 2.May.2022) — Venezuela’s Oil Minister Tareck El Aissami held a working meeting in Caracas with his Iranian counterpart Javad Owji to discuss […]
Oil Gains as Libya Shuts Its Largest Oil Field Amid Protests
(Bloomberg, 18.Apr.2022) — Oil rose as the shutdown of Libya’s biggest oil field strains an already under-supplied market, overshadowing signals that China’s drastic pandemic lockdowns […]
NRGBriefs: Venezuela Oil Production Tendencies in Early 2022
(Energy Analytics Institute, 24.Mar.2022) — Energy briefs including Trinidad and Tobago’s Vision 2030 laying out a development agenda to address major National Development Strategy challenges; […]
White House Tells Oil Industry ‘We Need More’ as Fuel Prices Soar
(FT.com, 9.Mar.2022) — The US is engaged in an increasingly frantic search to replace oil supplies lost from Russia as it tries to repair diplomatic […]
Maduro: Venezuela Ready to Provide Oil Stability to World
(Telesur, 4.Mar.2022) — Oil prices have risen this week due to supply concerns amid international sanctions directed at Russia for its military operation in Ukraine. […]
Venezuela Doubles Crude Oil Exports Defying US Sanctions
(Bloomberg, 3.Jan.2022) — Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of […]
Mexico Plans to End Oil Exports in 2023 to Reach Self-Sufficiency
(Bloomberg, 28.Dec.2021) — Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez […]
As Western Oil Giants Cut Production, NOCs Step Up
(New York Times, 14.Oct.2021) — After years of pumping more oil and gas, Western energy giants like BP, Royal Dutch Shell, Exxon Mobil and Chevron […]
Emerging Oil Markets on the Path to Net Zero
(News America, 5.Oct.2021) — This year, the world has become increasingly aware of a global energy shortage as well as the irreversible damages of climate […]
Venezuela still attractive: Amos Global Energy’s Ali Moshiri says
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 1.Sep.2021, Words: 1,400) — Venezuela, home to the world’s largest oil reserves, still has an opportunity […]
Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned
(Bloomberg, 21.Jun.2021) — In Venezuela, waiting in line at a gas station — sometimes for days — has become so routine that it’s hard to […]
Biden’s Venezuela Policy In Holding Pattern As Maduro Outlasts Pressures
(S&P Global, 18.Jun.2021) — After Venezuelan President Nicolas Maduro outlasted the Trump administration’s maximum sanctions pressure, US President Joe Biden will have to decide whether […]
India In Talks With Guyana For Long-Term Crude Supply
(Reuters, 25.Apr.2021) — India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American […]
Venezuela Ships Jet Fuel to Iran In Exchange For Petrol
(Reuters, 23.Feb.2021) — Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part of a […]
OPEC Fund Marks 45 Years Of Driving Development
(The OPEC Fund, 28.Jan.2021) — The OPEC Fund for International Development (the OPEC Fund) marks its 45th anniversary today. Since inception, the multilateral development finance […]
Venezuela Eyes Private Cos Operating Oil Fields
(Reuters, 14.Jan.2021) — Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned PDVSA […]
OPEC Voluntary Production Levels (PDF DOWNLOAD)
(Energy Analytics Institute, 11.Jan.2021) — OPEC’s voluntary crude oil production levels for the months of January, February, and March. __________ By Ian Silverman. © Energy […]
Biden Presidency To Reset US Sanctions Focus
(Argus, 14.Dec.2020) — Washington’s failure in the past two years to force regime change in Caracas by means of severe sanctions gives the incoming US […]
Heard Venezuela: Iranian Asset Takeovers
(Energy Analytics Institute, 5.Dec.2020) — Rumors are that Iranian businesspersons and their companies are in the process of taking over operations at Venezuela’s six refineries […]
OPEC+ To Boost Output After Tense Negotiations
(WoodMac, 4.Dec.2020) — Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December […]
Venezuela Crude Production, Exports Recover
(Argus, 1.Dec.2020) — Venezuelan state-owned PdV’s crude production and exports have recovered in recent weeks as China resumed direct loadings and a tanker deficit the […]
Venezuela Supports Three Month Opec Extension
(Energy Analytics Institute, 17.Nov.2020) — Opec producer Venezuela continues to support a three month extension of production levels of 7.7 million barrels per day. “Venezuela […]
Maduro Says Amuay Hit By ‘Terrorist Tttack’
(Reuters, 28.Oct.2020) — Venezuelan President Nicolas Maduro on Wednesday said the country’s Amuay oil refinery was victim of a terrorist attack on Tuesday that involved […]
Nabarima Floating Storage Tanker At Risk Of Sinking
(Energy Analytics Institute, 17.Oct.2020) — The Nabarima floating storage unit with around 1,180,000 barrels of oil and located offshore Venezuela’s Sucre state is at increased […]
Venezuela, Once An Oil Giant, Reaches The End Of An Era
(NYT, 7.Oct.2020) — Wells that once tapped the world’s largest crude reserves are abandoned or left to flare toxic gases that cast an orange glow […]
Three Iranian Tankers Make It To Venezuela
(Energy Analytics Institute, 5.Oct.2020) — The third and final Iranian tanker, part of a three-tanker flotilla, docked in Venezuela over the weekend with much needed […]
First Iranian Tanker Enters Venezuelan Waters
(Reuters, 28.Sep.2020) — The first of a group of three tankers carrying Iranian fuel for gasoline-starved Venezuela entered the waters of the South American nation […]
Africa’s Gasoline Demand To Support Asia, Europe
(Platts, 24.Sep.2020) — Africa’s gasoline demand is expected to support the gasoline markets of Asia and Europe as refinery outages in the African continent, together […]
Rafael Ramirez: Venezuela Can Fix Its Own Oil Industry
(Argus, 8.Sep.2020) — Rafael Ramirez served as Venezuela’s oil minister from 2002-2013 and concurrent chief executive of state-owned PdV from 2004-2013, a tumultuous period marked […]
Maduro Assigns Oil Sector Workers Three Special Tasks
(Energy Analytics Institute, 3.Sep.2020) — Venezuela’s President Nicolas Maduro announced three areas of focus for petroleum sector workers as well as others working directly within […]
PDVSA, Eni Weigh Options To Transfer Idled Oil
(Reuters, 2.Sep.2020) — Venezuelan state oil company PDVSA and Italy’s Eni are looking at options to safely offload crude from a floating storage facility on […]
Venezuela Faces Possibility Oil Output Drops To Zero
(Oilprice.com, 1.Sep.2020) — Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have […]