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China and Russia have an interest in preventing the complete collapse of Venezuela’s oil industry.
Read More »China Rescues Venezuela’s Run-Down Oil Refineries
India`s Oil Imports from Venezuela Hits Record Amount amid US Sanctions
The sanctions had driven away most of the country'.s foreign customers and operators.
Read More »Russia Squeezing Embattled Venezuela for Tax-Free Gas Expansion
Russia’s state-controlled oil giant. Rosneft PJSC. is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap. a potential headache for the U.S. and Europe.
Read More »Chevron Seeks Relief from Trump`s Venezuela Oil Sanctions
Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela.
Read More »Maduro Accuses Guaido of Stealing Oil Profits
Oil production would continue falling and possibly accelerate throughout 2019 as sanctions-related deadlines pass.
Read More »US Targets Shippers for Bringing Venezuela Oil to Cuba
The United States last Friday imposed sanctions on two shipping companies for delivering Venezuelan oil to ally Cuba.
Read More »Putin Prepares to Withdraw Support for Maduro
PDVSA is trying to retool the upgrades to process a simpler form of heavy oil.
Read More »US Oil Embargo will See Venezuela Turn to China. Russia
Venezuela had its eyes on India to try to make up its shortfall.
Read More »European Refiners Switches to Russian Sour Grades
U.S. sanctions have removed 800.000 bpd of heavy crude from the global market.
Read More »U.S. Imposes Fresh Sanctions on 4 Venezuelan Companies. 9 Vessels
The U.S. has been pursuing a policy of economic sanctions and diplomatic isolation against the Venezuelan government in support of the opposition leader Juan Guaido.
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