(Bloomberg) – The U.S. just took the first steps in pulling back on a four-year-old sanction policy that had strangled oil exports out of Venezuela, home to world-class crude reserves. The major reversal signals that […]
Last week, Brent crude topped $90 per barrel for the first time since last November, and WTI climbed to an 11-month high, too. The reason: Saudi Arabia and Russia said they would extend their oil […]
The opposition party in Venezuela is working up a proposal that would see 200,000 barrels of crude oil per day exported to a trustee, who would then pay creditors who have laid claim on various […]
On Tuesday, June 13 at 19:30 GMT:For more than 15 years, the United States has been imposing a wide variety of economic sanctions against Venezuela, claiming the South American country has aided in drug trafficking, […]
The arguments shared in this analysis about why Venezuela won’t join BRICS during this summer’s summit raise the question of why Lula publicly supported Maduro’s membership bid despite the near impossibility of it being approved. […]
New York, 24 May (Argus) — A sharp drop-off in tonne-mile demand for US Gulf coast medium range (MR) clean tankers so far this year has pressured freight rates for the segment to the lowest […]
Valero takes Venezuelan crude in February Houston, 28 April (Argus) — US independent refiner Valero received crude from Venezuela in February, adding to the list of US refineries that are absorbing volumes from the South […]
The new representative of Venezuela’s opposition in the United States is urging the Biden administration to relax crippling oil sanctions on Nicolas Maduro’s government or risk seeing the socialist-run country turn into another Cuba with […]
Over the past two decades, China has ramped up its economic ties with nations across Latin America, but it is China’s rising influence in the region that has Washington increasingly concerned. The growing threat China poses to […]
The United States is on track to receive nearly 3 million barrels of crude oil from Venezuela this month, according to shipping documents seen by Reuters. Chevron is on track to ship 100,000 barrels of […]
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