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Venezuela’s main oil ports on Tuesday entered their fifth day without delivering crude for state-run PDVSA’s customers in Asia, which are the OPEC country’s main buyers, shipping data showed, as the U.S. presses the nation through an oil embargo. Chevron, which is PDVSA’s main joint-venture partner, on Monday resumed exports of Venezuelan oil to the …
(Reuters) – China is a major customer of and investor in Venezuela’s oil sector, which President Donald Trump aims to revive following the U.S. military’s ouster of President Nicolas Maduro on Saturday. Years of mismanagement, underinvestment and, more recently, U.S. sanctions have slashed Venezuelan crude production to about 1.1 million barrels per day (bpd) last …
(Reuters) – Venezuelan leader Nicolas Maduro’s capture by the United States has deprived Vladimir Putin of an ally and could increase U.S. “oil clout”, but Moscow is eying potential gains from President Donald Trump’s division of the world into spheres of influence. Special Forces seized Maduro only eight months after the Russian president agreed a …
Russia Loses Ally in Venezuela But Hopes to Gain From Trump’s ‘Wild West’ Realpolitik Read More »
(Reuters) – Here are key facts about international oil companies in Venezuela, a country with the world’s largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country’s oilfields. …
What’s The Status of International Oil Companies in Venezuela After Maduro’s Capture? Read More »
(Reuters) – Delcy Rodriguez, declared the interim president of Venezuela after Nicolas Maduro’s capture by U.S. forces, is one of the iron fists in Venezuelan politics, a practitioner of economic orthodoxy who has strived to build relationships with the private sector and who is known for her taste for luxury. Over more than a decade …
Who is ‘Tsarina’ Delcy Rodriguez, the Acting President of Venezuela? Read More »
(Reuters) – United Nations Secretary-General Antonio Guterres raised concerns on Monday about a possible intensification of instability in Venezuela after the U.S. capture of the Latin American country’s president Nicolas Maduro. The 15-member Security Council met at U.N. headquarters in New York just hours before Maduro was due to appear in a Manhattan federal court …
About a dozen tankers loaded with Venezuelan crude and fuel departed in recent days from the country’s waters in dark mode, seemingly breaking a strict blockade imposed by the U.S. amid intense pressure that mounted until the capture of deposed President Nicolas Maduro, monitoring service TankerTrackers.com said. All the identified departed vessels are under U.S. …
About a Dozen Loaded Oil Tankers Left Venezuela in Dark Mode, Tankertrackers.com Says Read More »
(Reuters) – Crude output in Venezuela is set to increase over a period of time following the dramatic U.S. strike and capture of its president, likely raising global supply and weighing on prices longer-term, oil analysts said. American forces seized Venezuelan President Nicolas Maduro from Caracas over the weekend, and U.S. President Donald Trump said Washington would …
Venezuela’s Oil Supply to Rise in Years Ahead and Depress Prices, Say Analysts Read More »
United Nations Secretary-General Antonio Guterres is deeply alarmed by U.S. military action in Venezuela that sets “a dangerous precedent,” his spokesperson said on Saturday ahead of a likely U.N. Security Council meeting. Venezuela and Colombia, backed by Russia and China, have asked for the 15-member Security Council to meet, diplomats said, after the U.S. attacked …
UN Chief on Venezuela: US Action Sets ‘Dangerous Precedent’ Read More »
Venezuela’s oil exports, which had fallen to a minimum amid U.S. President Donald Trump’s announced blockade of all sanctioned tankers going in and out of the country’s waters, are now paralyzed as port captains have not received requests to authorize loaded ships to set sail, four sources close to operations said on Saturday. The …
Venezuela’s Oil Exports Paralyzed Amid Political Turmoil, Sources Say Read More »
