Venezuela ///

IEA says Iran, Venezuela oil output could slump by almost 30%

Iran and Venezuela could lose almost 30% of their oil output next year due to U.S. sanctions and economic upheaval, requiring extra supplies from OPEC's Gulf members.

Venezuela is said to urge OPEC to unite against U.S. sanctions

Venezuela wrote to fellow OPEC members urging them to unite against U.S. sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter.

Oil slides as U.S. is said to ask OPEC for supply increase

London (Bloomberg) -- Crude declined after the U.S. government was said to have asked Saudi Arabia and other OPEC producers to raise oil supply.

Crude rises as Venezuela sanctions stoke crude supply risk concern

Crude extended its three-year high as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines in American stockpiles.

Oil pares gain as IEA discusses ways to tackle Venezuela risks

Oil traded near $71/bbl, paring earlier gains, as the International Energy Agency said it’s in talks with producing nations to step in should sanctions be imposed on Venezuela, resulting in a supply shortfall.

PDVSA learns that Conoco pain may be worse than U.S. sanctions

ConocoPhillips may finish what U.S. sanctions started.

Regional Report: Latin America Is Latin America’s fragile market cracking under pressure?

Emily Querubin, World Oil

Despite the rise in crude prices, many Latin American countries are still grappling with considerable debt and declining production rates.

Iran sanctions add to Venezuela collapse, jolting oil market

While the world ponders the fate of Iran’s exports, the oil market is exposed more than ever to the effects of Venezuela’s spectacular production collapse.

Oil faces a month of mayhem as geopolitical risks proliferate

Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market.

Man who ran Venezuelan oil giant for decade predicts fast demise

Rafael Ramirez, the once all-powerful Venezuelan oil czar, says the state producer he ran for almost 10 years is on the brink of collapse.

Rigged oil auctions said to squander years of PDVSA profits

No country in the Americas is deemed more corrupt than Venezuela. There are so many tales of bribes and influence peddling, it’s hard to keep track.

OPEC output falls to lowest in a year as Venezuela's woes deepen

OPEC crude production dropped to the lowest in a year amid the woes in Venezuela’s oil industry.

EIA: Venezuela’s crude oil production declines amid economic instability

Venezuela’s crude oil production has been on a downward trend for two decades, but it has experienced significant decreases over the past two years.

U.S. said to weigh Venezuelan oil sanctions before April vote

The U.S. is leaning toward imposing oil-sector sanctions on Venezuela before the country holds April 22 elections that opposition leaders have vowed to boycott, according to a senior State Department official.

U.S. ban on key oil material could choke Venezuelan production

The outlook for declining oil production in Venezuela may get grimmer if the U.S. bans supply of a key commodity used to help Venezuelan crude flow from oilfields to the coast.

Harvest Natural Resources sues ex-oil chief over bribe demands

Former Venezuelan oil minister Rafael Ramirez, already accused of corruption by his own country, now faces a lawsuit from a Houston energy firm alleging that it lost almost half a billion dollars over its refusal to pay bribes for contracts.

Venezuela plight has U.S. rushing for heavy UK crude

Oil refineries in the U.S. Gulf of Mexico are buying the most crude from the UK North Sea in more than seven years as they scramble to replace lost supplies from Venezuela.

Venezuela's oil output crash is costly for U.S. refiners

U.S. Gulf Coast refiners are paying the price for shrinking Venezuelan crude output.

Innovative thinkers

Emily Querubin, World Oil

Rod Uchytil: Leaving an international impact

Venezuela oil sanctions more likely as Tillerson tours region

U.S. Secretary of State Rex Tillerson signaled the U.S. is closer to imposing sanctions on Venezuela’s oil sector, raising the pressure on President Nicolas Maduro as his talks with opposition leaders remained at an impasse.