Venezuela
News
January 29, 2019
After the U.S. slapped sanctions on Venezuela’s state-owned PDVSA, which essentially add up to an oil ban, the market has focused on how the remaining buyers of the South American country’s heavy, low-quality crude will react.
News
January 29, 2019
Venezuela's heavy crude cannot be exported without first being diluted. That will become more difficult following the latest U.S. sanctions on the country.
News
January 29, 2019
The Trump administration dealt its toughest blow yet to the authoritarian Venezuelan leader Nicolas Maduro, issuing new sanctions on the nation’s state-owned oil company PDVSA that effectively block his regime from exporting crude to the U.S.
News
January 28, 2019
President Donald Trump sanctioned Venezuela’s state-owned oil company PDVSA and its central bank on Monday, the latest U.S. move intended to raise pressure on the regime of President Nicolas Maduro.
News
January 25, 2019
Oil prices moved higher as analysts predicted the mounting political crisis in Venezuela could take a chunk out of global crude flows.
News
January 24, 2019
Oil climbed as growing instability in Venezuela outweighed fresh reminders of the American shale boom.
News
January 24, 2019
A possible move by Donald Trump to hurt Venezuela’s oil industry could prove a shot in the arm for the Xi Jinping and Narendra Modi administrations.
News
January 09, 2019
Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.’s venture in the region, people with knowledge of the plan said.
News
January 06, 2019
With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed U.S. company for help in shoring up production from its crude reserves, the largest in the world.
News
December 25, 2018
Hess Corp. tumbled the most in almost three years, wiping out $1.5 billion in market valuation, after work at the oil explorer’s most promising international investment was halted by a Venezuelan blockade.
News
November 25, 2018
Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments.
News
October 25, 2018
ConocoPhillips’ decade-old legal war with Venezuela began paying off this week as the embattled Latin American country started making good on a $2-billion arbitration settlement one barrel of crude at a time.
News
September 13, 2018
The International Energy Agency warned that oil prices could break out above $80/bbl unless other producers act to offset deepening supply losses in Iran and Venezuela.
News
August 26, 2018
Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from Venezuela.
News
August 20, 2018
ConocoPhillips said it will recover about $2 billion in a settlement pact with Petroleos de Venezuela, the state-owned oil company, for oil assets seized in 2007.
News
August 06, 2018
Saudi Arabia is sending the most crude oil to the U.S. in 15 months.
News
June 17, 2018
Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.
News
June 13, 2018
Iran and Venezuela could lose almost 30% of their oil output next year due to U.S. sanctions and economic upheaval, requiring extra supplies from OPEC's Gulf members.
News
June 12, 2018
OPEC will probably overcome internal disputes to agree on a production increase next week to temper rallying prices.
News
June 07, 2018
Venezuela wrote to fellow OPEC members urging them to unite against U.S. sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter.
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.
