(WoodMac, 23.Feb.2023) — Ukraine’s battle is existential. The country has suffered a year of lost lives, its people forced to live each day in perpetual […]
Tag: Russia
Enhancing the US-UK Sanctions Partnership
(US Treasury, 17.Oct.2022) — As Directors of two of the world’s leading financial sanctions implementation authorities, we are committed to our close working relationship. As […]
Russia/Ukraine Conflict Could Hurt Trinidad and Tobago in Long Term
(Trinidad and Tobago Newsday, 23.Feb.2022) — War! What is it good for? Apparently it’s good for oil, gas and petrochemical prices. For the past few […]
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 […]
Venezuela’s Maduro doubling down on earnings from illicit means
HOUSTON, TEXAS (Ian Silverman and Piero Stewart, Energy Analytics Institute, 13.Aug.2020, Words: 966) — Venezuela’s President Nicolas Maduro is doubling down on earning money through […]
Sisi Wins Approval For Possible Libya Intervention
(Reuters, 20.Jul.2020) — Egypt’s parliament gave President Abdel-Fattah al-Sisi the green light for possible military intervention in Libya by approving the deployment of armed forces […]
Investors In Russian Pipeline At Risk Of US Sanctions
(Reuters, 15.Jul.2020) — U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions […]
US Swaps Venezuelan Fuel Oil For Russian Products
(Oilprice.com, 13.Jul.2020) — The United States has been raising its imports of fuel oil from Russia over the past year and a half after the […]
Russia Backs Venezuela In Fight Against US
(Newsweek, 24.Jun.2020) — Russia vowed to support Venezuela in its campaign to counter U.S.-backed regime change after the Pentagon sailed warships nearby in the Caribbean […]
Mexico To Sit Out Extension Of OPEC+ Oil Output Cuts
(Reuters, 6.Jun.2020) — Mexico will not join other top oil producers in extending through July output cuts aimed at propping up the price of crude, […]
OPEC+ To Meet Saturday On Extending Cuts
(Reuters, 5.Jun.2020) — OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards […]
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 […]
US Senators Expected To Sanction Nord Stream 2
(Reuters, 29.May.2020) — Two U.S. senators are expected to introduce next week sanctions on the Nord Stream 2 natural gas pipeline that Russia is trying […]
Iran’s 4th Fuel Tanker Nears Venezuelan Waters
(Fars News Agency, 28.May.2020) — Iran’s fourth tanker full of gasoline has entered the Caribbean and is close to the Venezuelan territorial waters. Venezuelan armed […]
Mexico To Remain In Opec+, No Output Cuts Planned
(Argus, 22.May.2020) — Mexico will remain within the Opec + group but has no plans for further production cuts, the energy ministry told Argus today. […]
The Only Hotspot Where Big Oil Will Still Spend
(Oilprice.com, 7.May.2020) — Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore […]
Venezuela Floats Lean PdV With Russia Unit
(Argus, 27.Apr.2020) — The two Maduro loyalists who have been effectively running Venezuela’s national oil industry for two months were officially appointed today as acting […]
Saudi OSPs For Oil Exports Bode Well For Asian Refiners
(WoodMac, 16.Apr.2020) — On 13 April, Saudi Arabia announced the Official Selling Prices (OSPs) for its May crude oil exports. The new OSPs speak volumes […]
OPEC And Non-OPEC To Cut Output By 9.7 MMb/d
(OPEC, 12.Apr.2020) — The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH […]
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 […]
‘Dead Cow’ Oil Play Set To Be Next Permian Is Now Dead
(Bloomberg, 1.Apr.2020) — Just a bit more than 3 weeks ago, the head of Argentina’s state-run driller outlined an aggressive $1.8 billion spending plan for […]
Maduro Highlights Need To Stabilize Oil Market
(Energy Analytics Institute, Piero Stewart, 31.Mar.2020) — Venezuela’s President Nicolás Maduro highlighted the importance of the agreements between the Organization of Petroleum Exporting Countries (OPEC) […]
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 […]
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 […]
Rosneft’s Venezuelan Oil Loads Cancelled – Data
(Reuters, 28.Mar.2020) — Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean waters empty on […]
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 […]
Rosneft Sells Its Venezuelan Assets
(Rosneft, 28.Mar.2020) — Rosneft announces the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Today Rosneft […]
Which Supply Is Most At Risk Of Shut-in?
(WoodMac, 27.Mar.2020) — The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly […]
US Targets Maduro Regime With Fresh Charges
(WSJ, 22.Mar.2020) — The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American […]
Maduro Suggests OPEC, OPEC+ Discuss Oil Market
(Energy Analytics Institute, Piero Stewart, 12.Mar.2020) — Venezuela’s President Nicolas Maduro has suggested that members of OPEC and OPEC+ return to discussions about balancing the […]
Venezuela Discussing Oil Prices With OPEC, Russia
(TASS, 12.Mar.2020) — Venezuelan authorities are discussing the situation with the oil price collapse with OPEC and Russia, President Nicolas Maduro said on Thursday at […]
China “Teapot” Refiners Crank Up Run Rates
(Reuters, 11.Mar.2020) — China’s independent oil refiners are cranking up production as local governments begin to relax strict measures to contain the coronavirus and fuel […]
Mexico Says Hedge Covers Oil Income
(Reuters, 10.Mar.2020) — Mexico’s finance minister said on Tuesday a $1.4 billion hedge program completely covered 2020 national oil income following a steep drop in […]
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 […]
PetroMonagas Incorporates Turbo Generator
(Energy Analytics Institute, Piero Stewart, 20.Feb.2020) — In order to generate its own electricity, the PetroMonagas joint venture incorporated use of an electric turbo generator […]
Maduro Shakes Up PDVSA Amid Oil Sector Emergency
(Bloomberg, 19.Feb.2020) — Venezuela’s President Nicolas Maduro declared an “energy emergency” as he announced a commission to revamp state oil company Petroleos de Venezuela SA, […]
Rosneft Says US Sanctions On RTSA Illegal
(Rosneft, 18.Feb.2020) — The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of […]
Ending Putin’s Support Of Venezuela Not Easy For US
(AP, 18.Feb.2020) — In October 2016, the head of Russia’s largest oil company traveled to the birthplace of Hugo Chávez, in the empty, sweltering plains […]
US Imports Of Russian Residue Complicate Venezuela Sanctions
(Argus, 10.Feb.2020) — US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on […]
Beyond The Dragon Deal
(Trinidad Newsday, 5.Feb.2020) — One of the biggest lessons we can take away from the pausing of the landmark cross-border agreement between TT and Venezuela […]
Russia Sends Lavrov To Venezuela
(Reuters, 4.Feb.2020) — Russian Foreign Minister Sergei Lavrov will visit Venezuela on Friday in a show of support for President Nicolas Maduro, a socialist who […]
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 […]
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 […]
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 […]
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, […]
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 […]
PDVSA Cedes Oilfield Operations To Foreign Firms
(Reuters, 3.Jan.2020) — Venezuelan state company PDVSA is letting some joint venture partners take over the day-to-day operation of oilfields as its own capacity dwindles […]
Venezuela Is Quietly Ramping Up Oil Production
(Oilprice.com, 31.Dec.2019) — If anyone is to ever write a guidebook on political survival, the skills of Venezuelan President Nicolás Maduro would certainly top the […]