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HomeVenezuela

Venezuela

International News

Venezuela, Russia renew bilateral ties – interesting to watch play out with OPEC + production quotas

April 1, 2021 Stu Turley

Russian deputy prime minister Yuri Ivanovich Borisov led a delegation to Caracas yesterday in a sign of renewed bilateral ties. Russia is among Venezuela’s leading international patrons and a vocal opponent of the US-led sanctions […]

Crude Oil News

Venezuela’s oil exports rose in February pushed by larger fuel oil sales to Asia

March 1, 2021 Stu Turley

Venezuela’s oil exports rose in February to over 700,000 barrels per day (bpd), their highest level in 10 months, pushed by more sales of fuel oil cargoes to new clients in Asian markets, according to […]

Iran swapping gasoline for Venezuelan jet fuel -Energy News Beat
Downstream

Iran swapping gasoline for Venezuelan jet fuel

March 1, 2021 Stu Turley

The Iran-flagged Forest, one of Iranian state-owned NIOC’s vessels that has supplied irregular shipments of gasoline to Venezuela since mid-2020, unloaded 277,000 bl of gasoline at Venezuelan state-owned PdV’s El Palito terminal on 20 February, according […]

OPINION An insiders guide to the weird dinosaurs occupying Calgarys office towers - energynewsbeat
Crude Oil News

OPINION | An insider’s guide to the weird ‘dinosaurs’ occupying Calgary’s office towers

February 16, 2021 Stu Turley

Energy News Beat Publishers Note: An excellent article by David Yager for CBC News. Very sharp and to the point. Well done David.  The rest of Canada concluded long ago that the living dinosaurs who […]

enezuela seizes Guyanese boats in border flare-up - Energy News Beat
Crude Oil News

Venezuela seizes Guyanese boats in border flare-up

January 25, 2021 Stu Turley

Venezuela’s navy has taken custody of two Guyanese fishing boats in the latest flare-up of a protracted border dispute that encompasses oil-rich deepwater acreage. The Venezuelan foreign ministry today refuted yesterday’s statement from Guyana alleging […]

Will Biden Lift Sanctions On Venezuela?
Crude Oil News

Will Biden Lift Sanctions On Venezuela? – Just follow the money

January 23, 2021 Stu Turley

The country with the largest proven oil reserves in the world, clocking in at a whopping 299,953,000,000 barrels of proven oil, is currently suffering a fuel shortage so great that it is being viewed by […]

China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela - Energy News Beat
Crude Oil News

China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela – “Spoofing and Doping” have a new meaning

January 21, 2021 Stu Turley

It may be the oil market’s worst-kept secret: millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, […]

India Hopes for More Iran and Venezuela Oil Exports Under Biden
Crude Oil News

India Hopes for More Iran and Venezuela Oil Exports Under Biden

January 21, 2021 Stu Turley

India is hoping U.S. President Joe Biden’s administration will take a softer line against adversaries Iran and Venezuela, enabling the world’s third-largest oil importer to diversify its sources of crude. The country would be happy […]

Venezuela
International News

Venezuela proposes deals allowing private companies to operate oil fields

January 15, 2021 Stu Turley

Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned PDVSA while pocketing part of the proceeds, according to six people with knowledge of […]

The Ndros was a Palau-flagged ship that was scrapped in Pakistan in 2018
Crude Oil News

Pacific Island Nation Tells Venezuela ‘That Oil Tanker Isn’t Ours’

January 14, 2021 Stu Turley

The island nation of Palau says a tanker that recently loaded Venezuelan crude was using a false signal to disguise its identity, potentially putting the Pacific country in the crosshairs of U.S. sanctions. Palau is […]

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