Oil prices have risen after Venezuelan opposition leader Juan Guaido called for military support to put an end to President Nicolas Maduro’s rule but pared
Tag: Nicolas Maduro
Venezuela Taps for Inexperienced Firms to Boost Oil Production
The Venezuelan state-run oil company Sargeant and Petróleos de Venezuela, S.A., known as PDVSA, has signed a contract with the US energy firm Erepla to
US Venezuela Sanctions to Affect Global Oil Prices More Than Iran Deal Withdrawal
New US sanctions on Venezuela’s crude output are expected to have a more negative impact on the country’s production and global supply than sanctions on
Venezuela’s PDVSA Projects a Bad Year Ahead
Venezuelan state-run oil company PDVSA expects that 2017 will remain to be a challenging year with more economic hardship likely coming along its way. The
Market Update: Getting Ready for the OPEC Output Freeze
Saudi Arabia has started informing its customers of the planned cut to their January oil supply to comply with the OPEC oil output freeze agreement.
Market Update: OPEC Readying to Launch an Oil Freeze Deal
Venezuelan President Nicolas Maduro yesterday (16 November) attended an agreement signing ceremony with representatives of two oil companies – Venezuelan Delta Petroleum and India’s ONGC
Venezuela Poised to Export Less Oil Next Year
Columbia University said earlier this year that Venezuela, a traditionally major player in oil markets, is poised to export much less oil next year due
Venezuela Signs a Deal with Russia’s Rosneft Worth $14 billion
Venezuela’s President, Nicolas Maduro, announced that Russia’s oil giant Rosneft and his country’s state-run PDVSA have agreed on a deal bringing about $14 billion in
Venezuela’s Pending Bankruptcy: Why and How Diversify?
Venezuela is facing a major economic crisis and despite the fact that you can still buy subsidized petrol in the centre of Caracas just for