Tag Archives: Venezuela

Output is falling. cash is drying up and oil workers have fled the country because of food shortages and violence.

Halliburton said last year that it began scaling back operations in Venezuela as a result of delayed payments.

Iran’s Oil Minister Bijan Zanganeh told Reuters at the event that there is ``no objection`` to the proposal for deeper cuts.

PDVSA owes some US$3.5 billion to the U.S. in the next five or six weeks. according to Platts.

Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.

The Russian Energy Week is scheduled for October 4-7.

After Harvey. oil terminals in the Caribbean have been operating intermittently. as more hurricanes followed. notably Irma and Jose.

Iran is ready for any measure contributing to stability in the oil market.

Trio plus Kazakh agree to keep all options open including the possible extension of output cuts beyond next March.

Maduro said his country was going to trade in oil. gas and gold using currencies other than the US dollar.