Venezuela
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.
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.
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.
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.
