Saudi Arabia sent a large unusual shipment of oil to Venezuela, with shipments between the two countries being very rare. Supertanker Abqaiq – a very
Tag: PDVSA
US Sanctions Venezuela’s State-Run Oil Giant PDVSA
The Trump administration started this week by imposing sanctions on Venezuelan state-owned oil company PDVSA with the intention of curbing the country’s crude exports to
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
Market Update: Venezuela Abandons US Dollar in Oil Trade
Venezuela is no longer receiving or sending payments in US dollars in response to the sanctions imposed by the White House in August. Oil traders
The Soviet Legacy: Russia to Secure Cuba’s Energy Needs, Raising US Concerns
Russia has started exporting oil to Cuba for the first time this century to make up for the declining shippings from the crisis-ridden Venezuela. A
Venezuela’s PDVSA Late on Oil Shipments to Russia and China
Venezuela’s state-run oil company, PDVSA, has for months been unable to deliver the shipments of crude and fuel in a timely manner under oil-for-loan deals
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
Venezuela’s State-Run Oil Giant Accused of Embezzling $11 Billion
Petroleos de Venezuela (PDVSA), the Venezuelan state-owned oil and natural gas company, has been accused by the country’s congressional commission of embezzling about $11 billion
Venezuela Reaches Better Oil Terms with China
Venezuela has reached an agreement with China, its main source of finance, with the aim of improving the conditions of an oil-for-loans deal. The agreement
Venezuela: Default of a Major oil Producing Company Looming
The Venezuelan state-run oil company PDVSA has about $5.2 billion in payments to bondholders this year, most of it due in October and November. Analysts