Venezuela
News
June 05, 2018
London (Bloomberg) -- Crude declined after the U.S. government was said to have asked Saudi Arabia and other OPEC producers to raise oil supply.
News
June 04, 2018
OPEC is holding oil production steady even as it debates an increase.
News
May 22, 2018
Crude extended its three-year high as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines in American stockpiles.
News
May 21, 2018
Oil traded near $71/bbl, paring earlier gains, as the International Energy Agency said it’s in talks with producing nations to step in should sanctions be imposed on Venezuela, resulting in a supply shortfall.
News
May 11, 2018
ConocoPhillips may finish what U.S. sanctions started.
Article
May 2018
The fates of two venerable producing countries’ E&P sectors hang in the balance, as national elections approach.
Article
May 2018
Despite the rise in crude prices, many Latin American countries are still grappling with considerable debt and declining production rates.
News
May 09, 2018
While the world ponders the fate of Iran’s exports, the oil market is exposed more than ever to the effects of Venezuela’s spectacular production collapse.
News
May 07, 2018
Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market.
News
May 04, 2018
Rafael Ramirez, the once all-powerful Venezuelan oil czar, says the state producer he ran for almost 10 years is on the brink of collapse.
News
April 18, 2018
Two employees of Chevron were arrested in Venezuela as President Nicolas Maduro cracks down on alleged corruption.
Article
April 2018
Deep Sea Mooring (DSM) has announced that it is now carrying out operations for Maersk Drilling in Trinidad.
News
April 11, 2018
The 2016 OPEC initiative to clear surplus supply was successful. By year-end, the group could lose the same amount of crude unintentionally.
News
April 04, 2018
No country in the Americas is deemed more corrupt than Venezuela. There are so many tales of bribes and influence peddling, it’s hard to keep track.
News
April 03, 2018
OPEC crude production dropped to the lowest in a year amid the woes in Venezuela’s oil industry.
News
March 13, 2018
Venezuela’s crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years.
Article
March 2018
Crude prices tumbled in February over fear of unfettered U.S. shale output, and a combined increase of 130,000 bpd by OPEC members Libya, Nigeria and Venezuela.
News
March 01, 2018
Crude production from OPEC countries fell to a 10-month low in February, mainly due to maintenance at a field in the United Arab Emirates and continued output declines in Venezuela.
News
February 27, 2018
The U.S. is leaning toward imposing oil-sector sanctions on Venezuela before the country holds April 22 elections that opposition leaders have vowed to boycott, according to a senior State Department official.
News
February 26, 2018
The outlook for declining oil production in Venezuela may get grimmer if the U.S. bans supply of a key commodity used to help Venezuelan crude flow from oilfields to the coast.
News
February 22, 2018
At 6:40 a.m., Pablo Ruiz squats at the gate of a decaying refinery in Puerto La Cruz, Venezuela, steeling himself for eight Sisyphean hours of brushing anti-rust paint onto pipes under a burning sun. For breakfast, the 55-year-old drank corn-flour water.
