Venezuela

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Venezuela ’s state-run oil company PDVSA said on Tuesday its debt fell 5% in 2018 from a year ago to $34.6 billion, though it remains in default on most of its bonds as crude output has slumped to 70-year lows in an economic crisis.
News ID: 3389    Publish Date : 2019/01/24

OPEC may be about to succeed by accident, again. Unplanned supply losses from members Iran and Venezuela could effectively double the intended cutback of 800,000 bpd OPEC pledged last week, according to the International Energy Agency, Bloomberg reported.
News ID: 2932    Publish Date : 2018/12/16

Venezuela n state-owned PdV has nearly exhausted its motor fuel stocks, forcing up to 80pc of the country's more than 2,700 service stations nationwide to suspend sales until further notice, according to four senior officials with the federation of oil unions (FUTPV).
News ID: 2485    Publish Date : 2018/11/02

Chinese refiners are buying more and more very cheap heavy Canadian crude oil to make up for the dwindling supply of Venezuela ’s heavy grades as China’s road construction sector—a key consumer of the heavy oil’s bitumen yield—is booming.
News ID: 2426    Publish Date : 2018/10/13

Oil prices are likely to climb continuously into next year, as concerns over drops in supply from the likes of Iran and Venezuela outweigh any worry that global trade disputes could undermine demand, a Reuter's poll showed on Friday.
News ID: 2295    Publish Date : 2018/09/29

Venezuela ’s crude oil exports to the United States fell in November to their lowest level since January 2003, when a strike knocked down the country’s output, due to sanctions and a steep production decline, according to Reuters data.
News ID: 1642    Publish Date : 2017/12/11

One of China’s biggest state-held companies, Sinopec, is suing Venezuela ’s debt-ridden state oil firm PDVSA in a US court over unpaid bills, in a sign that China may be losing patience with its Latin American ally and is changing tone and tactics.
News ID: 1638    Publish Date : 2017/12/11

Venezuela said it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices.
News ID: 815    Publish Date : 2016/12/30

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