Venezuela publishes oil prices in Chinese currency to shun U.S. dollar
CARACAS (Reuters) – Venezuela published the price of its oil and fuel in Chinese currency on Friday in what it called an effort to free the socialist-run country from the…
Venezuela earmarks a third oil cargo to Chevron under U.S. license -sources
[1/2]Oil tanker Kerala, chartered by Chevron, is loaded in the Bajo Grande oil terminal at Maracaibo Lake, in the municipality of San Francisco, Venezuela, January 5, 2023. REUTERS/Isaac Urrutia/File Photo…
Venezuela’s Maduro taps sanctioned VP to ‘restructure’ oil industry
CARACAS (Reuters) – Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country’s beleaguered oil industry, which will be led by Vice President…
Factbox: U.S. sanctions on Venezuela’s oil industry
(Reuters) – The United States imposed heavy sanctions on Venezuela’s oil industry on Monday, looking to cut off President Nicolas Maduro’s primary source of revenue. FILE PHOTO – A general…
Exclusive: India advises refiner to avoid U.S. system for Venezuela oil buying – source
NEW DELHI (Reuters) – India has asked one buyer of Venezuelan oil to consider paying the South American nation’s national oil company PDVSA in a way that avoids the U.S.…
U.S. oil refiners pare exposure to Venezuelan crude imports
By Erwin Seba, Marianna Parraga (Reuters) – U.S. refiners are shifting away from processing heavy crude, lessening the potential impact on their businesses and motorists of any supply disruptions from…
Biden presidency could cut slow path to resumed Iran, Venezuela oil exports
WASHINGTON/MEXICO CITY/LONDON (Reuters) – Democratic U.S. presidential hopeful Joe Biden’s promised return to diplomacy with OPEC-members Iran and Venezuela could cut a path for a return of their oil exports…
Venezuela imports condensate to boost oil blending -documents
July 22 (Reuters) – Venezuela’s state-run PDVSA began discharging 620,000 barrels of imported condensate crude oil at the nation’s largest oil port this week in an effort to boost blending…
Sluggish physical oil sales struggle to match futures price surge
LONDON, March 4 (Reuters) – A four-month rally in the oil futures price from below $40 a barrel to above $60 now is out of step with demand, analysts and…
Squeezed by sanctions, Venezuela sells oil to tiny Turkish firm
MEXICO CITY/CARACAS (Reuters) – With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny…