Tag Archives: Crisis

Venezuela’s production has almost halved in two years to 1.17 million bpd.

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

Oil has rebounded this year as OPEC’s production cuts have taken effect.

Russian energy giant Rosneft has loaned more than $6bn to PDVSA.

The total recoverable oil reserves at five blocks may amount to 670 million barrels.

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

Russia and Saudi Arabia have been steadily developing economic cooperation over recent years.

Some energy industry officials are pressuring the Trump administration to hold off.

Big Oil will probably approve about 110 offshore projects this year.

Saudi Arabia wants to make Pakistan’s economic development stable through establishing an oil refinery.