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
Tag: Venezuela
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 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
Saudi Arabia Again China’s Number One Crude Exporter
Saudi Arabia has regained its position of China’s number one oil supplier after having been defeated by Russia in the second quarter of this year.
Venezuela Ships Oil to Singapore
Venezuela, which is currently in a deep political and economic crisis, has sent two fully-laden large crude carriers heading to Singapore. The vessels – the
Venezuela Still Hoping for Oil Output Freeze
Venezuelan oil minister Eulogio del Pino said yesterday (16 June) that Iran would reach its pre-sanction oil output by September, which will revive the talks
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