The annual contract will begin from April.
Read More »US Increases Pressure on Maduro via Sanctions
The steps are part of a wider effort by the United States to undermine Mr Maduro.
Read More »US Warns India Purchase of Venezuelan Oil
Trump gave India a temporary exemption from the embargo. which carried economic penalties for violations.
Read More »Foreign Minister Condemns US for Destroying Region
US hostility has led it to support dictators. butchers &. extremists. who'.ve only brought ruin to our region.
Read More »OPEC`s Oil Exports to U.S. Fell to Five-Year Low in January
Crude shipments to the U.S. from OPEC and its partners fell to 1.41 MMbpd in January.
Read More »U.S. Oil Prices Rise due to Tighter Supply
Russia has been in full compliance with its pledge to gradually cut its oil production.
Read More »Venezuelan Oil Exports Disrupts Heavily due to US Sanctions
PDVSA and Maduro’s government could have a much harder time finding destinations for Venezuelan oil than first thought.
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 »Trump Uses Oil Sanctions to Force Maduro to Step Aside
Russian energy giant Rosneft has loaned more than $6bn to PDVSA.
Read More »US Gives Non-US Firms Three Months to Close PDVSA Deals
PDVSA uses naphtha from the US to thin its heavy crude so it can be shipped.
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