In a significant move amid ongoing geopolitical tensions and U.S. sanctions, private Chinese company China Concord Resources Corp (CCRC), operating under the name Concord Resources, has committed to a $1 billion investment in Venezuela’s oil […]
In a bold move that underscores a pragmatic approach to energy policy, President Donald Trump has reinstated Chevron’s license to operate in Venezuela, allowing the U.S. energy giant to resume production and export activities in […]
Key Points Research suggests Chevron’s oil production in Venezuela is winding down, likely zero or negligible by May 11, 2025. It seems likely that U.S. sanctions and license termination have halted significant operations. The evidence […]
ENB Pub Note: This is a tough project to tackle. The dark or shadow fleet has enabled Russia, Iran, Venezuela, and other countries to maintain their exports. The range of 476 to 1,400 dark fleet […]
Crude oil prices have risen to a three-week high due to a larger-than-expected drop in U.S. oil inventories reported by the American Petroleum Institute. President Trump’s threat of tariffs on countries importing Venezuelan crude has […]
China, the biggest buyer of oil from Venezuela, saw trade with Venezuela stall on Tuesday after U.S. President Donald Trump threatened on Monday 25% tariffs on the goods of any country buying Venezuelan oil. Traders and refiners […]
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