http://www.worldoil.com WorldOil Venezuela and Iran defy U.S. sanctions with new tanker delivery https://www.worldoil.com/news/2020/9/14/venezuela-and-iran-defy-us-sanctions-with-new-tanker-delivery The ship, identified as Honey, turned off its satellite signal and started unloading about 2 million barrels of South Pars condensate at Venezuela’s state-controlled port of Jose on Saturday, according to a report and a person with knowledge of the situation. Venezuelan oil official flees to U.S. with intel on Maduro’s inner circle https://www.worldoil.com/news/2020/8/31/venezuelan-oil-official-flees-to-us-with-intel-on-maduro-s-inner-circle A former Venezuelan oil official fled the country and is talking to U.S. authorities about aiding their investigation of a high-level corruption scheme that helped plunge the oil-rich nation into an economic meltdown. U.S. considers expanding Venezuelan oil sanctions https://www.worldoil.com/news/2020/8/19/us-considers-expanding-venezuelan-oil-sanctions The measures could target crude swaps with companies in Asia and Europe, according to people familiar with the matter. U.S. officials have debated the move for months, yet they initially prioritized actions against Iran, which began exporting gasoline to fuel-starved Venezuela. Tehran confirms tankers seized by U.S. were en route to Venezuela https://www.worldoil.com/news/2020/8/18/tehran-confirms-tankers-seized-by-us-were-en-route-to-venezuela Four tankers whose cargoes were seized by the U.S. over the past month were heading to Venezuela with gasoline loaded in Iran, according to Iranian Oil Minister Bijan Namdar Zanganeh. U.S. conducts largest-ever seizure of Iranian oil https://www.worldoil.com/news/2020/8/14/us-conducts-largest-ever-seizure-of-iranian-oil The U.S. seized four tankers carrying Iranian oil bound for Venezuela in violation of sanctions, the Justice Department announced. A tough summer for oil-dependent nations may foretell their new normal https://www.worldoil.com/news/2020/8/12/a-tough-summer-for-oil-dependent-nations-may-foretell-their-new-normal The prospects for petrostates have dramatically shifted from just a decade ago. Oil prices were near $100 a barrel then and consumers were worried about supplies running out. Now, OPEC is increasingly having to reckon with the prospect of peak demand, when consumption starts to decline as wind and solar power become more popular. Venezuelan oil output falls 32% in June as foreign buyers cancel cargoes https://www.worldoil.com/news/2020/7/3/venezuelan-oil-output-falls-32-in-june-as-foreign-buyers-cancel-cargoes Crude production in Venezuela tumbled for a sixth straight month in June, underscoring the dismal state of the nation’s oil industry as U.S. sanctions batter exports and the coronavirus pummels demand. Chinese traders trying their luck with sanctioned Venezuelan oil https://www.worldoil.com/news/2020/6/17/chinese-traders-trying-their-luck-with-sanctioned-venezuelan-oil Officially, China hasn’t imported any Venezuelan crude since September after Washington sanctioned state entities including PDVSA. Information from data intelligence firm Kpler, however, signals the Asian nation is still buying, with as much as 3.3 MMbbl waiting off the Chinese coast as of June 15 and another 5 MMbbl en route to the port of Qingdao. Venezuela’s fall leaves world’s richest oil reserves tapped by a single rig https://www.worldoil.com/news/2020/6/12/venezuela-s-fall-leaves-world-s-richest-oil-reserves-tapped-by-a-single-rig As fields across the nation shut amid a relentless U.S. campaign to cut Venezuela off from global oil markets, the number of rigs drilling for crude fell to just one in May, according to data from Baker Hughes. Another lone rig was drilling for gas. U.S. to cut off Iran-Venezuela trade by sanctioning oil tankers https://www.worldoil.com/news/2020/6/9/us-to-cut-off-iran-venezuela-trade-by-sanctioning-oil-tankers The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.