The US became the world’s largest crude producer last year.
Read More »125 Years of Wintershall
Wintershall is celebrating and commemorating its 125th birthday by publishing information and staging events in the anniversary year.
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 »PDVSA to Redirect Exports to Customers in Europe and Asia
Currently. Washington'.s sanctions apply only to US entities.
Read More »Trade with Iran Part of SPV Payment Mechanism
Trade and commerce with Iran is part and parcel of INSTEX.
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 »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 »European Buyers Stop Buying Venezuelan Crude
In Europe. PDVSA trades with Spain’s energy major Repsol. commodity traders Trafigura and Vitol.
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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