No official statement has been made by PDVSA or the Venezuelan oil ministry regarding the halted exports or the prepayment conditions. The imposition of US sanctions against Venezuela has created ...

Venezuela tightens oil prepayment rules, article with gallery January 30, 2023 Businesscategory Trinidad offers to pay for Venezuelan gas with humanitarian supplies, article with image January 25 ...

Venezuela, home to the world’s largest oil reserves, is a case study in the ... an independent civil service and private sector, and rule of law,” says Terry Lynn Karl, a professor of ...

HOUSTON/MARACAY, Venezuela, March 3 (Reuters) - Venezuela's oil exports slipped 8% last month amid contract reviews by the new chief of state-run oil firm PDVSA that have led to loading delays and ...

The company, which began shipping Venezuelan crude abroad in January, supplies it to refiners in the U.S. Venezuela’s heavy crude oil is prized by Gulf Coast refiners, who, until recently ...

The availability of cheap Russian oil has been an additional hurdle for PDVSA, with China, the main destination for Venezuelan crude, reducing its imports in recent months. Venezuela has been forced ...

Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal ...

Venezuela had ramped up its claims to a huge, sparsely populated area west of the Essequibo River, covering almost half of the former British colony territory. But massive oil deposits have been ...

Venezuela has awarded a stake in a key oil joint venture to a little-known firm called GazMin International Group almost six months after seizing it from Russian executives, according to people ...

(Bloomberg) -- Chevron Corp. is urging Venezuela to clean up Lake Maracaibo in the hope of almost doubling the amount of oil that can be ... After Top Shareholder Rules Out Raising Stake Ryan ...

President Biden's Department of the Interior proposed rules to reduce methane ... House easing sanctions on Venezuela, downplaying that it was at the expense of U.S. oil companies.

State oil company PDVSA reported a nearly identical 704,000 bpd figure, down from 732,000 bpd the prior month. Venezuela's oil industry has been hampered by mismanagement, a brain drain and ...