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: Venezuela
Iran-Venezuela Sanctions Fallout: EU Paying the Price for High Oil While Russia Benefits
European refiners are bearing the brunt of the impact of US oil sanctions on Venezuela and Iran as they are having a hard time to
Energy Geopolitics: US Plans to Bring Iranian Oil in Global Markets to Zero
Iran is estimated to have lost up to $10 billion since US sanctions were re-imposed in November last year as a result of which 1.5
Defying US Sanctions: Saudi Oil ‘Accidentally’ Headed for Venezuela
Saudi Arabia sent a large unusual shipment of oil to Venezuela, with shipments between the two countries being very rare. Supertanker Abqaiq – a very
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
OPEC’s Back to Old Days: Squabbling Over Output Boost
OPEC is back in a row mode after an untypical period of agreement. The new squabble is taking place between the cartel’s leader, Saudi Arabia,
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
Oil Markets’ Rebalancing Faster Thanks to Venezuelan Output Cut
Global oil markets are rebalancing fast following a falling supply from Venezuela, which has posted last year’s biggest unexpected production fall and could see further
Oil Market Update: Saudi Arabia and Allies Ready to Extend Supply Cuts
Saudi Arabian Crown Prince Mohammed bin Salman announced that his country would limit the current oil production beyond a deal among both OPEC and non-OPEC