Venezuela
News
February 12, 2019
Chevron Corp., CEO Mike Wirth pledged to work closely with the U.S. to remain in Venezuela despite a spiraling crisis that has led rival oil major Total SA to retreat.
News
February 12, 2019
U.S. sanctions that have effectively blocked American imports of Venezuelan oil are leading to a crude-price surge thousands of miles away in China.
News
February 11, 2019
Venezuela’s oil minister made a surprise appearance at an energy event in India, as the embattled OPEC producer seeks closer ties with major crude customers in the face of crippling U.S. sanctions.
News
February 10, 2019
As winter keeps its grip on the northern hemisphere it is the oil bulls, not the bears, who have gone into hibernation. The price rally that greeted the new year has fizzled out as renewed concerns about demand growth outweigh the tightening of oil supply through OPEC cuts and U.S. sanctions.
News
February 06, 2019
Treasury Secretary Steven Mnuchin said U.S.-imposed oil sanctions are putting pressure on the embattled Venezuelan President Nicolas Maduro, who the U.S. is trying to oust.
News
February 05, 2019
U.S. refiners are eager to buy Canadian heavy crude to replace supplies they had been importing from Venezuela that are now blocked by Trump administration sanctions.
News
February 05, 2019
Less foreign oil is reaching American shores, as OPEC production cuts kick in and U.S. sanctions on Venezuela curb its exports.
News
February 04, 2019
Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years.
News
February 04, 2019
Venezuela’s government-in-waiting intends to scrap requirements that state-owned oil giant PDVSA keep a controlling stake in joint ventures as it seeks to revive the oil sector and encourage private investment, National Assembly leader Juan Guaido’s representative to the U.S. said.
News
February 04, 2019
U.S. oil refiners won’t be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the nation.
News
January 31, 2019
As U.S. sanctions against PDVSA ripple through the market, there’s one company with more at stake than most: its Russian counterpart, Rosneft.
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.
