Some energy industry officials are pressuring the Trump administration to hold off.
Read More »Political Turmoil in Venezuelan Threatens Crude Supply
Venezuelan production will decline by an additional 300.000-500.000 barrels per day (bpd) this year.
Read More »Venezuela Bonds Steady after U.S. Backing for Maduro Rival Triggers Surge
The PDVSA 2026 bond slipped 0.845 cents to 24.53 cents in the dollar after soaring more than 5 cents on Wednesday.
Read More »U.S. Weighs Oil Sanctions on Venezuela as It Steps Up Pressure
Venezuelan crude exports to the United States last year fell 15 percent to the lowest annual average in nearly three decades.
Read More »U.S. Considers New oil Sanctions on Venezuela
U.S. officials are considering a range of potential measures. including restricting U.S. imports of Venezuelan oil or even a full ban.
Read More »Iran Offers Condolences to Mexico over Deadly Pipeline Explosion
Mexico has always supported Iran deal and considers it as a multilateral diplomatic success.
Read More »BP Approves Development of Oil Field in Gulf of Mexico
BP and Shell hold equal stakes in the Manuel discovery.
Read More »Venezuela to Promote Fair Oil Prices in OPEC by 2019
Venezuela continues its call to promote in OPEC fair prices in 2019.
Read More »ExxonMobil Offshore Operation Intensifies Tensions between Guyana. Venezuela
Exxon drilled its first successful well off the coast of Guyana in 2015 and since then has made nine more discoveries.
Read More »Libya. Iran. Venezuela Secure OPEC Production Cut Exemptions
Libya has been given a pass due to its chronic production outages.
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