(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 risk of sinking, an oil...
(Energy Analytics Institute, 13.Oct.2020) — Venezuela, home to the world’s largest oil reserves and sizable natural gas and mineral deposits, is expected to be the worst performing economy in the...
(Argus, 13.Oct.2020) — Italian Eni's plan to drain a Venezuelan floating oil storage vessel considered a potential environmental risk has been delayed for weeks because of concerns over US sanctions...
(Energy Analytics Institute, 12.Oct.2020) — The recent arrival of three Iranian tankers to Venezuela carrying around 750,000 bbls of gasoline is only sufficient to last the South American country about...
(Energy Analytics Institute, 11.Oct.2020) — The former president of Petróleos de Venezuela (PDVSA), Rafael Ramírez, criticized Venezuela’s Anti-Blockade Law, which was approved by the country’s National Constituent Assembly. “For more...
(Energy Analytics Institute, 11.Oct.2020) — Venezuela’s Amuay refinery is processing around 160,000 barrels per day (b/d) after reactivation of two plants, according to an oil union official with the Unitary...
(Energy Analytics Institute, 10.Oct.2020) — Venezuela continues to suffer from severe shortages of fuel from gasoline to diesel and across the entire country despite the recent arrival of three Iranian...
(Reuters, 9.Oct.2020) — An Iranian-flagged oil tanker left Venezuela on Friday for Iran’s Kharg Island, Refinitiv Eikon data showed, after the vessel loaded 1.9 million barrels of heavy crude at...
(Energy Analytics Institute, 8.Oct.2020) — Venezuela’s state oil company Petroleos de Venezuela (PDVSA) has reportedly restarted the PetroPiar and Sinovensa blending units, according to reports from local Venezuelan media El...
(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 over depressed oil towns. Refineries...
(Energy Analytics Institute, 7.Oct.2020) — Venezuela’s National Assembly has submitted proposed changes to the country’s Organic Hydrocarbons Law, which it views as fundamental legislation and extremely important in any recovery...
(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 gasoline supplies for the struggling...
(Energy Analytics Institute, 5.Oct.2020) — Venezuela plans to initiate activities at 1,571 petrol stations across the country starting 5 October 2020 as part of a plan to normalize fuel distribution...
(Reuters, 1.Oct.2020) — Reliance Industries has agreed to purchase 2 million barrels of Canadian heavy crude per month, three industry sources said, as a substitute for dwindling Venezuelan supply. The...
(Citgo, 29.Sep.2020) — Citgo Petroleum chairwoman Luisa Palacios says she’ll step down from her position next month. Her letter follows: Dear CITGO community, When I agreed to assume the role...
(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 on Monday, according to Refinitiv...
(Law360, 25.Sep.2020) — A New York federal judge on Friday grilled a lawyer representing the U.S. government on whether she should defer to Venezuelan's denunciation of the some $1.68 billion...
(Energy Analytics Institute, 23.Sep.2020) — Crude oil production in Venezuela, home to arguably the world’s largest oil reserves, has fallen to around 345,000 barrels per day (b/d), according to comments...
(US Department of State, 16.Sep.2020) — Special teleconference briefing with special representative for Iran and Venezuela Elliott Abrams on developments in Iran and Venezuela. MS ORTAGUS: Thank you so much...
(Reuters, 15.Sep.2020) — Venezuela’s state-run PDVSA is preparing to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region,...
(Reuters, 15.Sep.2020) — Venezuela’s state-run PDVSA is preparing to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region,...
(Sputnik, 14.Sep.2020) — In the last two years, Venezuela has thwarted a coup attempt organised by opposition leader Juan Guaido, one attempt to kidnap President Nicolas Maduro, and energy outages...
(Bloomberg, 13.Sep.2020) — An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship, identified as Honey, turned off its satellite...
(Bloomberg, 11.Sep.2020) — Venezuela’s capacity to produce some much-needed gasoline and diesel of its own hinges on a single oil play. To tap it, the Nicolas Maduro regime is willing...
(Energy Analytics Institute, 11.Sep.2020) — Venezuela captured an alleged American spy near its Amuay refinery located in Falcón state. “We have captured an American in Falcón, spying on the Amuay...
(Wbur, 9.Sep.2020) — The economic hardship in Venezuela has been a huge burden for neighboring Colombia. Finally, a silver lining: the collapse of Venezuela's oil industry has stopped gas smuggling...
(Argus, 9.Sep.2020) — The chairman of the Venezuelan opposition's "ad hoc" board of national oil company PdV has joined a flight of exiled technocrats from the ranks of a struggling...
(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 by an oil strike and...
(Javier Corrales, 7.Sep.2020) — The largest oil reserves and one of the world’s most incompetent governments have brought authoritarianism, economic collapse and environmental disaster to the country. It has been...
(Dryad Global, 7.Sep.2020) — Reporting from TankerTrackers.com indicates that three Iranian tankers have departed Iran, with a suggested routing to Venezuela, via the Suez Canal. The three vessels in question...
(Energy Analytics Institute, 5.Sep.2020) — Venezuela’s state oil company Petroleos de Venezuela (PDVSA) says the Nabarima floating crude storage unit located off the country's Gulf of Paria doesn’t “constitute in...
(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 the state oil giant Petroleos...
(AP, 2.Sep.2020) — The sight of a huge oil tanker that has taken on water and is leaning to one side off a remote stretch of Venezuela’s coast has triggered...
(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's eastern coast that has...
(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 sparked a monumental economic collapse...
(Reuters, 31.Aug.2020) — The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially...
(Al-Monitor, 31.Aug.2020) — The seizure follows the US interception of fuel tankers from Iran en route to Venezuela this month amid increased US pressure on both countries. The US government...
(Energy Analytics Institute, 28.Aug.2020) — Houston-based refiner Citgo Petroleum released initial details regarding its Lake Charles Refinery and the impact on its operations after the passing of Hurricane Laura. __________...
(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 El Palito refinery, three officials...
(Oilprice.com, 24.Aug.2020) — In just over a year Venezuela, and the push to oust socialist leader President Nicolas Maduro, has gone from being one of the world’s hottest news headlines...
(FT.com, 23.Aug.2020) — The country's oil industry was once the envy of the region, but after decades of mismanagement and corruption the sector is facing ruin. The FT's Andean correspondent...
(Reuters, 23.Aug.2020) — Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of...
(Reuters, 19.Aug.2020) — A strip of Venezuela’s western coastline boasting pristine beaches and fragile ecosystems like mangroves and coral reefs could take more than half a century to fully recover...
(Petrobras, 19.Aug.2020) — Petrobras, following up to the announcement made on 10 March 2020, said the cash contribution of R$ 2.05 billion to be paid to the Petrobras Social Security...
(Reuters, 19.Aug.2020) — The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer's...
(Argus, 18.Aug.2020) — A fuel oil cargo stuck off of the Dutch Caribbean island of Curacao is about to be released to an unnamed buyer in a closely monitored transaction...
(Citgo, 17.Aug.2020) — Citgo Petroleum Corporation reported a net loss of $5 million for the second quarter of 2020, which includes the benefit from the reversal of a previously recorded...
(US Dept. of Justice, 14.Aug.2020) — The Justice Department today announced the successful disruption of a multimillion dollar fuel shipment by the Islamic Revolutionary Guard Corps (IRGC), a designated foreign...
(Aljazeera, 14.Aug.2020) — American officials tell AP Trump administration seized cargo of four tankers transporting Iranian fuel to Venezuela. The United States seized the cargo of four tankers for transporting...
(Reuters, 13.Aug.2020) — Crude exports from Venezuela are facing growing delays due to excess water and other impurities in cargoes loaded at state-run PDVSA’s main terminal, according to internal company...
(AP, 13.Aug.2020) — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up...
(Bloomberg, 13.Aug.2020) — Exports of crude oil, the commodity that bankrolls the regime of President Nicolas Maduro, are set to reach a four-month high of at least 325,000 barrels a...
(Argus, 12.Aug.2020) — Venezuelan state-owned PdV plans to restart gasoline production in 10-15 days at its 940,000 b/d CRP refining complex after restarting two crude distillation units yesterday, according to...
(AP, 12.Aug.2020) — An oil spill in Venezuela has coated a stretch of the crisis-wracked nation's Caribbean coastline, treasured for its white sand beaches, clusters of small islands and wildlife....
(Energy Analytics Institute, 11.Aug.2020) — An oil spill said to have occurred at El Palito refinery, owned and operated by Venezuela’s state oil company Petroleos de Venezuela (PDVSA), has reportedly...
(Reuters, 7.Aug.2020) — Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled...
(Reuters, 6.Aug.2020) — U.S. prosecutors charged a former Citgo Petroleum manager with accepting $2.5 million as part of a scheme to bribe officials with the U.S. refiner and its Venezuelan...
(Reuters, 3.Aug.2020) — Venezuela exported about 388,100 barrels per day of crude and fuel in July, almost unchanged versus the previous month, as U.S. sanctions on PDVSA continued limiting sales,...
(Argus, 31.Jul.2020) — The government of Aruba received proposals to refurbish its refinery and develop alternative industries on the brownfield site. RdA, the state-owned asset holder, received 29 proposals out...
(CNN, 31.Jul.2020) — Two American oil executives held in an overcrowded Venezuelan prison for almost three years have been placed in house arrest, a sign that the embattled government of...
(Reuters, 26.Jul.2020) — A man was shot and killed during a protest over gasoline shortages in eastern Venezuela on Saturday, officials and a local human rights group said, less than...
(Tradearabia News Service, 20.Jul.2020) — Venezuela’s oil and gas sector was already caught in a vicious cycle well before the Covid-19 outbreak created a world economic crisis. Even though there...
(Oilprice.com, 13.Jul.2020) — The United States is pressing shippers, insurers, certification organizations, and flag states registering vessels not to work with Venezuela as the Trump Administration is looking to cut...
(Sputnik, 10.Jul.2020) — India is one of the biggest buyers of Venezuelan oil in spite of US sanctions. Private Indian refiners Reliance Industries and Nayara Energy are the only buyers...
(Reuters, 9.Jul.2020) — India’s Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is...
(Argus, 8.Jul.2020) — PdV received a cargo of ultra-low sulfur diesel today at its Amuay terminal, close to where the Venezuelan state-owned company is running into more snags at its...
(Argus, 3.Jul.2020) — Venezuela kicked off July with only around 300,000 b/d of crude production and no oil rigs in operation, according to a series of internal operation reports from...
(Argus, 3.Jul.2020) — Venezuela will receive another products cargo from Italy next week, highlighting the endurance of debt-related oil trade with EU companies that falls outside the scope of escalating...
(Reuters, 1.Jul.2020) — A federal court in Houston on Wednesday was expected to auction 100,000 barrels of gasoline that a shipping company suspected a Venezuelan shipping magnate close to the...
(Reuters, 1.Jul.2020) — Venezuela's opposition-held National Assembly on Tuesday named three new members to an ad hoc board of directors for state Petroleos de Venezuela (PDVSA), which controls some of...
(Argus, 1.Jul.2020) — 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 Milazzo, Sicily. Around 1mn bl...
(Reuters, 1.Jul.2020) — Venezuela’s oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions, sailed away...
(Reuters, 28.Jun.2020) — Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences “at any time”, only weeks after it cut generous fuel subsidies...
(Reuters, 25.Jun.2020) — Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country's refineries with fuel and byproducts, a...
(Reuters, 24.Jun.2020) — Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S....
