International

PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.

In Europe. PDVSA trades with Spain’s energy major Repsol. commodity traders Trafigura and Vitol.

In 2018. the US supermajor ExxonMobil drilled 2.7 net wildcat wells in Guyana.

In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.

US crude oil imports averaged 7.1 million b d. down from the previous week.

Saudi Arabia'.s voluntary limit under the December cuts deal with Russia and other producers was 10.33 million barrels a day.

The new measures have the potential to affect the pattern of petroleum shipping in the Caribbean and beyond.

The discovery in Glengorm follows Total Energy’s success at the Glendronach field in the North Sea.

The Kremlin has warned against negative repercussions should third countries intervene in Venezuela’s affairs.

Russia has been a long-standing ally of Venezuela and has acted as a lender of last resort for Caracas.