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Ecuador has been in breach of its promised production limits every month this year.
Read More »Ecuador will Leave OPEC to Boost Oil Revenues
US Not Ruling Out Sanctions on Russia`s Rosneft over Venezuelan Oil Trade
Rosneft has responded to the US statement about possible sanctions due to oil purchases from Venezuela.
Read More »Half of Venezuela’s Oil Rigs may Disappear if US Waivers Ends
A shutdown in the rigs will put pressure on Nicolas Maduro’s administration.
Read More »China`s CNPC Suspends Venezuelan Oil Loading
CNPC will wait for more guidelines from the U.S. Treasury before further moves in dealing with Venezuelan oil.
Read More »China’s CNPC Backs out of Venezuela Oil Deal in Wake of Ramped up US Sanctions
China has imported 339.000 barrels a day of Venezuelan oil this year.
Read More »China Rescues Venezuela’s Run-Down Oil Refineries
China and Russia have an interest in preventing the complete collapse of Venezuela’s oil industry.
Read More »India`s Oil Imports from Venezuela Hits Record Amount amid US Sanctions
The sanctions had driven away most of the country'.s foreign customers and operators.
Read More »Russia Squeezing Embattled Venezuela for Tax-Free Gas Expansion
Russia’s state-controlled oil giant. Rosneft PJSC. is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap. a potential headache for the U.S. and Europe.
Read More »Mexico Kicks Off $7.7 Billion Refinery Construction
Mexico is kicking off the construction of its $7.7 billion (150 billion peso) oil refinery.
Read More »Chevron Seeks Relief from Trump`s Venezuela Oil Sanctions
Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela.
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