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PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.
Read More »Venezuelan Oil Exports Disrupts Heavily due to US Sanctions
Aramco Plans to Ramp Up Refining Capacity in Asia
Aramco is also expanding its refining investments in China.
Read More »Trump Says Military Intervention in Venezuela `An Option`
The Trump administration last week issued crippling sanctions on Venezuelan state-owned oil firm PDVSA.
Read More »S. Korean Firms to Resume Iran Gas Condensates Purchase
In November 2018. US granted exemptions to eight countries including South Korea to import Iran oil.
Read More »Oil Holds Gains on Signs of Shale Slowdown as OPEC Output Falls
Oil has rebounded this year as OPEC’s production cuts have taken effect.
Read More »European Buyers Stop Buying Venezuelan Crude
In Europe. PDVSA trades with Spain’s energy major Repsol. commodity traders Trafigura and Vitol.
Read More »Oil Hits $63 on Venezuela Sanctions. OPEC
The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.
Read More »Iran Oil Development. Unstoppable
Iran'.s oil industry had continued its development process despite sanctions over the past years and decades.
Read More »India Surpasses China in Increasing Oil Demand
OPEC forecasts India'.s crude oil demand will expand to 5.8 million barrels per day by 2040.
Read More »Trump Uses Oil Sanctions to Force Maduro to Step Aside
Russian energy giant Rosneft has loaned more than $6bn to PDVSA.
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