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Venezuelan crudes are mainly used for asphalt production in China. the demand for which peaks over September-November.
Read More »China independents Look for Other Crude Oil Grades to Cover Venezuelan Shortfall
PDVSA Considers Force Majeure on Oil Exports
Oil is the financial lifeline for the embattled socialist government of President Nicolas Maduro.
Read More »Oil Prices Rise amid Venezuela Export Concerns
Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.
Read More »Maduro Accuses US of Infiltrating State Oil Company
Maduro called for an ".economic counteroffensive". against the U.S.-led economic war that has seriously harmed the economy.
Read More »OPEC May Oil Output Hits New Low on Nigeria. Venezuela
OPEC oil output fell to a 13-month low in May.
Read More »Venezuela could Prompt OPEC to Pump More
India has asked Saudi Arabia for assurances that oil prices will remain stable and moderate.
Read More »Venezuela after Re-Election
Nicolás Maduro must address discontent and economic hardship in Venezuela.
Read More »Maduro Wins Second Term amid Boycott
Increasing authoritarian rule and mismanagement of the all-important state-run oil industry have caused a deepening economic crisis.
Read More »Venezuela One of the Biggest Risks in the Oil Market in the Coming Months
Venezuela'.s Nicolas Maduro won the presidential election for another six-year term.
Read More »Pouyanne: Iran Sanctions. Venezuela Collapse Likely to Push Oil to $100 b
Total said Wednesday it had halted plans to help develop Iran'.s giant South Pars gas field.
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