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 ...

According to the 2022 BP Statistical Review of World Energy, Venezuela has more proved oil reserves than any other country in the world. Venezuela’s 304 billion barrels of proved reserves just ...

Across Venezuela’s once-thriving oil industry, environmentalists say rusty pipelines and storage tanks routinely leak contaminants into the ground. Frequent spills stain the mangroves of ...

In addition to being the source of Venezuela’s oil economy, the Orinoco Belt causes a number of environmental and human rights challenges. This episode of “The Sweaty Penguin” examines the ...

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 ...

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 ...

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 ...

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 ...