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Tag: PDVSA

RIO DE JANEIRO, BRAZIL - Venezuelan state oil company Petroleos de Venezuela has begun rationing diesel to truckers, four transport sector sources told Reuters, as low domestic refining output and scarce imports amid U.S. sanctions squeeze fuel supplies. Frustrated truckers...
RIO DE JANEIRO, BRAZIL - As oil majors and developed nations push for a faster transition to clean energy, much of Latin America is struggling just to cover its basic supply needs for fossil fuels, which is forcing some...
RIO DE JANEIRO, BRAZIL - Venezuelan President Nicolas Maduro on Friday said the country should propose supplying natural gas to Mexico, which this week experienced disruptions to its supplies from Texas, though energy experts dismissed the plan as unrealistic. Texas...
RIO DE JANEIRO, BRAZIL - Between hyperinflation, stalled oil operations, and deepening tensions with the United States, it is safe to say that Venezuela is in crisis and it is ordinary Venezuelans who are hurting the most. Hyperinflation means that...
RIO DE JANEIRO, BRAZIL - Venezuela has warned foreign oil companies like Chevron and Repsol that their licenses are at risk unless they help the OPEC member country reverse the historic decline in production, according to people familiar with...
RIO DE JANEIRO, BRAZIL - The Venezuelan government rejected a recent decision by a U.S. court that authorized the sale of shares of Citgo, a subsidiary of state-owned Petroleos de Venezuela (PDVSA) to satisfy creditors of Venezuela, calling it...
RIO DE JANEIRO, BRAZIL - (Reuters) Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned Petroleos de Venezuela (PDVSA) and receiving part of the proceeds, according to...
RIO DE JANEIRO, BRAZIL - Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run oil monopoly PDVSA, financially squeezing socialist President...
RIO DE JANEIRO, BRAZIL - (Reuters) In June 2020, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within...

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