WorldOil Vessels sailing under the radar to ship Venezuelan crude to Cuba Stopping the flow of Venezuelan oil to its ally Cuba might prove harder than the U.S. expected. OPEC keen to extend cut, Russia is cautious For an OPEC+ meeting in which the key decision over an output-cut extension is supposedly “in the bag,” Monday’s gathering in Vienna could be as closely watched as any during the three-year coalition. Russia squeezing embattled Venezuela for tax-free gas expansion Russia’s state-controlled oil giant, Rosneft PJSC, is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap, a potential headache for the U.S. and Europe. First oil U.S. EIA sees continued woes for Venezuelan oil output Chevron seeks relief from Trump's Venezuela oil sanctions Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change. Venezuela falls to fourth-largest oil producer in Latin America Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll. Reliance rebukes reports of inappropriate payments for Venezuela oil Claims of Reliance Industries Ltd.'s purchases of crude oil from Venezuela’s state-owned oil company, PDVSA, for payment in cash to third parties are false, according to the company. Venezuela, Cuba-allied companies sanctioned by U.S. for 2019 oil shipments The companies -- linked to the delivery of oil during February and March aboard the tanker Despina Andrianna -- are Ballito Bay Shipping Inc., based in Monrovia, Liberia and ProPer In Management Inc., based in Piraeus, Athens, the U.S. Treasury Department said in a statement. Crude has surged >35% in 2018 as OPEC+ limit output West Texas Intermediate futures were little changed, poised for a fifth weekly increase. OPEC cut production for a fourth month in March, while supply risks are mounting in member nations exempt from the strategy. Venezuela's oil production drops by half during blackouts Rolling blackouts across much of the country that started on March 7 paralyzed most of the country’s oil wells and rigs, which have slowly come back online.