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HomeVenezuela

Venezuela

Crude Oil News

Dude, Where’s My Oil? (And Why Is It So Expensive?)

January 23, 2022 Mariel Alumit

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 […]

Brazil Oil - ENB
Crude Oil News

Brazil was the only South American country to increase crude oil production in 2020

December 6, 2021 Mariel Alumit

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
Crude Oil News

Venezuela Slashes Its Oil Production Target, Abandoning Maduro’s Ambitions

November 7, 2021 Stu Turley

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 […]

Uncategorized

Oil Tanker Owners Say Aging Fleet Points to Illicit Crude Flows

August 27, 2021 Stu Turley

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, […]

Guiana - EnergyNewsBeat
Crude Oil News

Guyana is lynchpin in southern Caribbean’s changing geopolitical landscape – Scott B. MacDonald

June 28, 2021 Tracey Woods

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 […]

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 […]

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