Venezuela's oil output production fell 5% from May of 2022 to the previous month, according to the latest Organization of the Petroleum Exporting Countries (OPEC) released Tuesday. The document ...
and will not contribute to the state-run oil company’s profits. Venezuela’s oil industry has been hit hard by corruption, mismanagement, and U.S. sanctions. Venezuela relies heavily on crude ...
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 the largest oil and gas reserves in the world, but produces hardly any of it. The decision to do so is up to the government. If it does nothing, Venezuela's oil might stay in the ...
Venezuela’s state oil company PDVSA has got new management that plans to boost production of crude to 1.17 million barrels daily by the end of the year, Reuters has reported, citing an internal ...
Venezuela cannot pay for equipment needed to dredge a coastal lake that is a key to oil exports, slowing Chevron's (NYSE:CVX) plan to increase shipments from the country, Bloomberg reported Friday.
HOUSTON/CARACAS, May 10 (Reuters) - Chevron Corp's (CVX.N) renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to ...
Venezuela's economy will take the largest hit, and is now forecast to contract by 7% in 2015. Indeed, each $10 decline in oil prices worsens Venezuela's trade balance by 3.5% of GDP, a bigger ...
HOUSTON, April 28 (Reuters) - U.S. oil producer Chevron Corp (CVX.N) could raise its production in Venezuela this year by up to 50%, to 150,000 barrels of oil per day (bpd), without significant ...
HOUSTON, May 3 (Reuters) - Venezuela's oil exports topped 700,000 barrels per day (bpd) in April for the second month in a row, according to shipping data, after a wide-ranging audit of state-run ...
PUNTO FIJO (Reuters) - More than half of the 22 oil tankers in Venezuela's fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from ...
HOUSTON/CARACAS (Reuters) - Chevron Corp's renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 ...
