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HomeVenezuela

Venezuela

International News

Looming Venezuela talks whet investor appetite

June 25, 2021 Andy Del Prado

Venezuela is returning to the geopolitical stage after months out of the limelight. President Nicolas Maduro’s government and his political opponents are preparing to restart negotiations to establish credible conditions for state and local elections […]

Will Biden Lift Sanctions On Venezuela?
Exports

Venezuela’s oil exports stabilize at 700,000 bpd after stock drain

May 4, 2021 Andy Del Prado

Venezuela’s April oil exports were flat at about 700,000 barrels per day (bpd) for the third month in a row, with three-quarters of its shipments headed to Asia and the Middle East, according to tanker […]

Industry Insights

OPINION: Middle East crude continues to draw Indian refiners despite diversification move

April 22, 2021 Andy Del Prado

New Delhi: Middle East crude oil has been a mainstay of the Indian refining sector for many decades. India imports about 85 per cent of its annual crude oil requirements. The country imported about 4.1 million barrel per day […]

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, […]

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