Search Results ///

Sort
Date Range

Six Citgo executives held in Venezuela released to house arrest

(Bloomberg) — Six senior executives of Citgo Petroleum Corp. who have been detained by the Venezuelan government since 2017 were transferred from prison to house arrest, according to a person familiar with the matter. The person, who was granted anonymity to discuss a sensitive diplomatic issue, said Friday night that the Biden administration considered the release a gesture of good...

Maduro enlists foreign oil companies to help end U.S. sanctions

global energy top brass like to stay. It’s the Cayena Hotel in the Venezuelan capital of Caracas... enforcement declines,” said Francisco Monaldi, a Venezuelan-American lecturer in energy economics... in business as they assume control of Venezuelan assets. That’s because the U.S. only bans doing... to connect.” Wilmer Ruperti, a Venezuelan-born shipping magnate, is among less-known entrepreneurs...

New U.S. sanctions on traders choke Venezuela’s oil exports

than Venezuelan oil, according to documents obtained by Bloomberg. Alessandro Bazzoni...

Chevron, Reliance request U.S. unwind some Venezuela oil sanctions

allow companies to receive Venezuelan crude in exchange for supplying diesel, one person said. The U.S.... can’t ban international companies from buying Venezuelan oil. It can, however, financially squeeze... cash to the Venezuelan government but rather help lessen the humanitarian crisis there, one person...

Millions of barrels of sanctioned Venezuelan crude finding their way to China

(Bloomberg) --It may be the oil market’s worst-kept secret: Millions of barrels of Venezuelan heavy... a trace of its Venezuelan roots. Invoices and emails reviewed by Bloomberg show the lengths to which... Chinese or any international companies from buying Venezuelan oil. They can financially squeeze them... trader Libre Abordo SA, which was sanctioned by the U.S. in June for buying Venezuelan crude. In one...

Venezuela’s false-flag tankers cause headaches for law-abiding nations

  (Bloomberg) --The island nation of Palau says a tanker that recently loaded Venezuelan crude was using a false signal to disguise its identity, potentially putting the Pacific country... was delivered to several Venezuelan embassies, including the one in Tokyo, says Steven Kanai, a special... vessels that are registered as broken-up appeared in Venezuelan crude-loading programs seen...

Maduro consolidates power with new Venezuelan National Assembly

(Bloomberg) --Venezuelan President Nicolas Maduro installed a new National Assembly filled with regime loyalists, consolidating his power over key institutions in the crisis-torn nation despite mounting U.S. sanctions. Carrying pictures of the late Venezuelan leader Hugo Chavez, lawmakers on Tuesday elected former Information Minister Jorge Rodriguez as the new president of the legislative body...

Venezuelan crude exports nosedive as OPEC+ preps output increase

(Bloomberg) --Venezuelan oil exports plummeted this month as U.S. sanctions have left some... to heat up. A linchpin of the Venezuelan economy, the sales slumped by about half from November... Venezuelan ports as far back as April have been known to discharge their contents months later, according... be costly under standard shipping contracts. Ships carrying Venezuelan crude were said to have turned off...

All carrot, no stick: Biden seeks negotiations with Venezuela’s Maduro and his allies

revenue. The Venezuelan economy is expected to contract by one-third in 2020, according to Caracas... In theory, Guaido will lose his seat as head of the Venezuelan National Assembly on Jan. 5. Biden takes.... A group of Venezuelan creditors has been lobbying for the Treasury Department to lift its...

China, India show new interest in oil from U.S.-sanctioned nations

about purchasing a sludgy type of oil known as bitumen-mix, which is thought to be Venezuelan crude... to limit Venezuelan crude exports the following year. Shipments from both nations have since slowed.... If a Biden presidency does lead to a resumption in Iranian and Venezuelan oil exports, the new supply..., in mid-2019 after the expiration of U.S. exemptions. The nation imported 7.65 million tons of Venezuelan...

Stronger dollar pushes oil prices from nine-month high

about purchasing a sludgy type of oil known as bitumen-mix, thought to be Venezuelan crude passed...

“Zombie” tankers triple Venezuela’s oil exports to China despite U.S. sanctions

it of supporting Venezuelan President Nicolas Maduro’s efforts to undermine democracy. Nonetheless, hindering oil... stopped buying Venezuelan oil amid sanctions, a string of little-known companies stepped up purchases... eight companies transporting Venezuelan oil to Asia. Subsequently, stockpiles of Venezuelan fell... by PDVSA as loading crude at Venezuelan ports in November: Vinland: broken up Pacific Cape: broken up...