The reimposition of U.S. sanctions on Venezuela’s oil industry in response to anti-democratic actions taken by President ...
Venezuela's oil exports recovered in May from a low figure the previous month as state oil company PDVSA's customers rushed to take cargoes ahead of the resumption of U.S. sanctions on the South ...
The volume of oil shipped in May was 30% higher than in April and 7% above the same month last year. In fact, the exports of petrochemicals and by-products were the highest in the last 13 months.
By Marco Cacciati India ceased oil purchases from Venezuela last April, coinciding with the United States' decision not to extend sanctions relief measures on Venezuelan crude, according to the ...
US energy magnate Harry Sargeant III secured a license to continue importing asphalt from Venezuela without breaching US ...
Venezuela plans to boost oil production to 1.23 million barrels per day by December, despite U.S. sanctions. Oil minister Pedro Tellechea mentioned the addition of drilling rigs and the approval of ...
The U.S. has received up to 50 individual license requests for businesses in Venezuela's oil sector after a broader authorization expired. The U.S. aims to prioritize companies with existing assets.
Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than $400 ...
OPEC oil output rose in May, a Reuters survey found on Tuesday, as higher exports from Nigeria and Iraq offset the impact of ...
In October 2023, the US Treasury Department issued a six-month waiver allowing transactions with Venezuela’s energy sector while warning companies that it was not a “call for investment.” On April 18, ...