Estimated read time 2 min read
Moscow Russia

Exxon Faces New Pressure Over Dealings with Russia’s Rosneft

(Reuters, 27.Feb.2022) — Exxon Mobil XOM.N likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed [more…]

Estimated read time 3 min read
Latin America and the Caribbean North America USA Venezuela

US Sanctions Four Firms For Transporting Venezuelan Oil

(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 [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

US Reviews Need For Venezuela Waivers: Update

(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 [more…]

Estimated read time 5 min read
Latin America and the Caribbean Venezuela

Venezuela Gasoline Shortages Worsen

(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 [more…]

Estimated read time 4 min read
Latin America and the Caribbean Venezuela

Venezuela Brushing Aside Oil Price Signals For Now

(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 [more…]

Estimated read time 4 min read
Latin America and the Caribbean Venezuela

Kremlin Fights US Sanctions, Backs Maduro

(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 [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

Venezuela’s Oil Output Falls To Five-month Low

(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 [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

Rosneft To Sell Venezuela Operations To Russian Gov’t

(S&P Global Platts, 28.Mar.2020) — Russia’s largest crude producer Rosneft said Saturday it is ceasing operations in Venezuela and selling all assets related to activities [more…]

Estimated read time 3 min read
Latin America and the Caribbean Mexico Venezuela

Libre Abordo To Take Up To 15mn Bbls Of Venezuelan Oil

(Reuters, 24.Mar.2020) — Mexico’s Libre Abordo and a related company plan to take some 15 million barrels of Venezuelan crude as part of a first [more…]

Estimated read time 4 min read
Latin America and the Caribbean Venezuela

Venezuela Cause Drifting Off International Agenda

(Argus, 10.Mar.2020) — Venezuela’s US-backed opposition is scrambling to stay relevant at home and abroad as the US and other foreign patrons turn inward to [more…]

Estimated read time 2 min read
Latin America and the Caribbean Venezuela

Venezuela Arrests Officials For Giving US Oil Data

(AFP, 2.Mar.2020) — Venezuela said Monday it had arrested two officials from state oil company PDVSA for providing the US with “strategic and sensitive” details [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

Trump Wants Pressure Raised On Maduro

(Bloomberg, 21.Feb.2020) — President Donald Trump is frustrated that pressure is building too slowly on Venezuelan President Nicolas Maduro and is still considering military options [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

Venezuela Promises Another Oil Revival

(Argus, 20.Feb.2020) — Venezuela’s embattled government is vowing to overhaul the national oil industry one day after the US administration sanctioned the Russian trading company [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

Maduro Taps VP To ‘Restructure’ Oil Sector

(Reuters, 19.Feb.2020) — Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country’s beleaguered oil industry, which will [more…]

Estimated read time 4 min read
Latin America and the Caribbean North America USA Venezuela

Latest Rosneft Sanctions Raise Risks For Others

(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

Could Rosneft Sanctions Signal End To Chevron’s Venezuela Waiver?

(S&P Global Platts, 18.Feb.2020) — The Trump administration’s decision to sanction Rosneft’s trading arm Tuesday may be a sign that Chevron’s waiver allowing it to [more…]

Estimated read time 4 min read
Latin America and the Caribbean North America USA Venezuela

Venezuela, Rosneft and US Sanctions Complications

(S&P Global Platts, 18.Feb.2020) — US efforts to starve Venezuela’s Maduro regime of oil revenues have substantially increased the role of Russian energy in the [more…]

Estimated read time 4 min read
Asia Latin America and the Caribbean Venezuela

China Scaling Back Economic Support For Maduro: Envoy

(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged [more…]

Estimated read time 4 min read
Asia Latin America and the Caribbean Venezuela

Abrams Sees China Scaling Back Support For Maduro

(Reuters, 15.Jan.2020) — The Trump administration’s envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged [more…]

Estimated read time 4 min read
Latin America and the Caribbean Venezuela

Venezuelan Oil Exports Fell By A Third In 2019

(Reuters, 7.Jan.2020) — Venezuela’s oil exports plummeted 32% last year to 1.001 million barrels per day, according to Refinitiv Eikon data and state-run PDVSA’s reports, [more…]

Estimated read time 4 min read
Latin America and the Caribbean Venezuela

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 [more…]

Estimated read time 4 min read
Asia Cuba Latin America and the Caribbean North America USA Venezuela

US Cuts Venezuelan Flows Plans For China, Rosneft

(S&P Global Platts, 24.Dec.2019) — US sanctions on PDVSA shut down roughly 500,000 b/d of crude flows from Venezuela to Gulf Coast refineries within a [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

PDVSA, Partners Produce 500,000 b/d Of Orinoco Crude

(S&P Global Platts, 17.Dec.2019) — Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% [more…]

Estimated read time 3 min read
Latin America and the Caribbean Venezuela

Venezuela Gov’t, Opposition Weigh Giving Firms Operating Rights

(Reuters, Luc Cohen, Deisy Buitrago, Mayela Armas, 6.Dec.2019) — Venezuela’s government and opposition have discussed allowing private companies in joint ventures with state oil company [more…]

Estimated read time 3 min read
Latin America and the Caribbean North America USA Venezuela

Maduro Sent $900mn In Oil To Cuba, U.S. Official Said

(El Nuevo Herald, Nora Gámez Torres, 27.Nov.2019) — Embattled leader Nicolás Maduro sent about $900 million in oil to Cuba this year despite the humanitarian [more…]

Estimated read time 7 min read
Latin America and the Caribbean North America USA Venezuela

Rosneft Undermining US Plans In Venezuela?

(Atlantic Council, Matthew Bryza, 27.Nov.2019) — US President Donald Trump is conducting policies of “maximum pressure” on two countries, Venezuela and Iran. In Venezuela, Russia’s [more…]

Australia-Oceania Europe Latin America and the Caribbean Venezuela

Rosneft Cool On Venezuela’s Sweeter Gas Terms, For Now

(Argus, 6.Nov.2019) — Venezuela is offering sweeter fiscal terms to Russia’s state-controlled Rosneft for two offshore natural gas fields that are well-positioned to supply nearby [more…]

Asia Europe Latin America and the Caribbean North America USA Venezuela

Chevron Venezuela’s Exit To Aid Putin’s Russia

(S&P Global Platts, Brian Scheid and Rosemary Griffin, 17.Oct.2019) — Chevron is pushing back against the Trump administration’s plans to let the company’s Venezuela sanctions [more…]

Asia Europe Latin America and the Caribbean Venezuela

Nayara Supplies Fuel To Rosneft For Venezuelan Oil

(Reuters, Nidhi Verma and Marianna Parraga, 15.Oct.2019) — India’s Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying [more…]

Africa Asia Europe Latin America and the Caribbean North America USA Venezuela

Venezuelan Oil Output Could Be Halved Without Chevron Waiver

(S&P Global Platts, Brian Scheid, 14.Oct.2019) — Venezuelan oil production, already averaging a historic low near 600,000 b/d, could quickly plummet below 300,000 b/d if [more…]

Asia Cuba Europe Latin America and the Caribbean North America USA Venezuela

Energy Cos Caught In Spat Over Venezuela Sanctions

(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 [more…]

Cuba Latin America and the Caribbean North America USA Venezuela

US Targets Entities, Vessels Moving Venezuelan Oil To Cuba

(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 [more…]