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HomeVenezuela

Venezuela

Venezuela’s
Crude Oil News

Venezuela’s Oil Exports Drop By More than A Third In July

August 3, 2022 Mariel Alumit

Venezuela’s crude oil exports fell in July, Refinitiv Eikon data showed on Tuesday, as oil markets are on the prowl for additional oil supplies to ease the tight market. Venezuela’s crude oil industry has been […]

Iran’s Oil
Crude Oil News

Iran’s Oil Earnings Soar Despite Sanctions

July 28, 2022 Mariel Alumit

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 […]

Venezuela’s
Crude Oil News

Oil production increase leads Venezuela’s economy to see most growth in 15 years

July 1, 2022 Mariel Alumit

(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 […]

India Buys Russian Oil, Derailing Biden’s Sanctions War
Commodities

India Buys Russian Oil, Derailing Biden’s Sanctions War

March 21, 2022 Stu Turley

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 […]

International News

U.S. Wants Venezuelan Oil In Exchange For Sanction Relief

March 9, 2022 Andy Del Prado

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 […]

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 […]

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