With high oil prices and an incredibly tight physical oil market, Iran’s oil industry is bouncing back and providing the government with significant income. China, Russia, Turkey, Venezuela, and Afghanistan are all eager to increase […]
(Bloomberg) — Venezuela’s economy is forecast to expand at its fastest pace in 15 years, marking a rebound for a country that recently emerged from the deepest recession in Latin America. Gross domestic product is […]
ENB Publishers Note: Sanctions do not weigh heavy on Putin’s mind. Simply put, sanctions don’t work. With China and India buying oil at $85 per barrel, this will provide the cash flow he needs to […]
The United States wants Venezuela to commit at least part of its oil exports to U.S. refineries as a condition for Washington to consider providing sanction relief to the South American nation, Reuters has reported, citing […]
Where did all the oil go? According to the latest estimates, the world should still be awash in oil stockpiles built up during the pandemic. But that’s not what the actual data on oil supplies […]
Source: U.S. Energy Information Administration, Country Analysis Brief: Brazil Brazil was the only oil-producing country in South America to report an increase in crude oil and condensate production in 2020 compared with 2019, according to our Country Analysis […]
Venezuela’s state oil company slashed its output target by one-third as years of corruption, brain drain and inadequate investment crippled the nation’s energy infrastructure. PDVSA cut its daily production target to 1 million barrels from a […]
Publicly traded shipowners have said for months that the transport of sanctioned cargoes from Iran and Venezuela has weakened the tanker market and helped drive earnings to the lowest in years. For much of 2021, […]
In June 2021, Guyana was the host for Operation Tradewinds, a multinational military exercise, involving military forces from the U.S., the Bahamas, Brazil, Canada, the Dominican Republic, France, Jamaica, the Netherlands, Trinidad and Tobago, and […]
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 […]
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