Venezuela's oil output production fell 5% from May of 2022 to the previous month, according to the latest Organization of the Petroleum Exporting Countries (OPEC) released Tuesday. The document ...
Venezuela’s state oil company PDVSA has got new management that plans to boost production of crude to 1.17 million barrels daily by the end of the year, Reuters has reported, citing an internal ...
Venezuela has the largest oil and gas reserves in the world, but produces hardly any of it. The decision to do so is up to the government. If it does nothing, Venezuela's oil might stay in the ...
The majority of the oil tankers owned by Venezuela are in such decrepit condition that they lack certification by flag nations and are at risk of collisions, spills, fires, and sinking ...
Chevron's (NYSE:CVX) renewed oil operations in Venezuela are expected to begin a new phase next month with the aim of accelerating a plan to recover all of the $3B of debt owed by the country by ...
Venezuela had an 80% probability of defaulting on its debt back in November 2016, yet it didn’t. That said, the situation is far more likely to get worse before it gets better. The state oil ...
Fishermen covered in oil get their boat ready for fishing on Lake Maracaibo near La Salina crude oil shipping terminal in Cabimas, Venezuela ... began under Chavez’s rule.
Venezuela had ramped up its claims to a huge, sparsely populated area west of the Essequibo River, covering almost half of the former British colony territory. But massive oil deposits have been ...
HOUSTON/CARACAS (Reuters) - Chevron Corp's renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 ...
Venezuela's economy will take the largest hit, and is now forecast to contract by 7% in 2015. Indeed, each $10 decline in oil prices worsens Venezuela's trade balance by 3.5% of GDP, a bigger ...
HOUSTON, May 3 (Reuters) - Venezuela’s oil exports topped 700,000 barrels per day (bpd) in April for the second month in a row, according to shipping data, after a wide-ranging audit of state ...
The second oil tanker sold to Venezuela is seen in Bushehr coast, Iran on June 8, 2022. Sadra Company/WANA (West Asia News Agency)/Handout via REUTERS PUNTO FIJO, May 4 (Reuters) - More than half ...
