Sunday, 19 January 2025

Focus on Govt of Venezuela

FILE PHOTO: President of the Venezuelan state oil company PDVSA Hector Obregon attends a press conference held by Venezuela's Vice-President and Oil Minister Delcy Rodriguez at the Miraflores Palace, in Caracas, Venezuela November 18, 2024. REUTERS/Leonardo Fernandez Viloria/File Photo
BusinessNewsOilPoliticsRegulationsTrade

US targets Venezuela oil company chief, others with sanctions

US sanctions target Venezuela's PDVSA chief Obregon amid Maduro's claims of economic war and resilience.

FILE PHOTO: A sign of Citgo Petroleum is seen at its headquarters in Houston, Texas, U.S., January 11, 2024. REUTERS/Go Nakamura/File Photo
BusinessCourtsLiquefied Petroleum GasNewsOilPolitics

Judge in Citgo share auction rejects bid to block Gramercy fund lawsuits

A U.S. judge allows lawsuits by three firms to proceed, potentially impacting the auction of Citgo's parent company shares.

A driver checks the line as he waits for gasoline in Havana, Cuba, December 13, 2024. REUTERS/Alexandre Meneghini
AutomotiveEconomyNatural GasNewsOilPoliticsTradeTransport

Cuba runs short on fuel at pump as energy crisis festers

Cuba faces severe fuel shortages, with closed gas stations and long lines, compounding the impact of recent blackouts.

News ReleaseNews

LNG Energy Group Announces Interim Reserves Evaluation of Venezuela Assets With Before Tax NPV10 Value of 2P Reserves of U.S.$393 Million or C$3.51/Share

Highlights: Before-tax NPV10 for Proved (1P) reserves to U.S.$261 million representing NPV10 of C$2.34 per share. Before-tax NPV10 for Proved plus Probable (2P)...

FILE PHOTO: U.S. Senator Republican Marco Rubio gives a speech at the Conservative Political Action Conference (CPAC) in Orlando, Florida, U.S. February 25, 2022. REUTERS/Octavio Jones/File Photo
BusinessNewsOilPoliticsRegulations

Trump pick Rubio could harden oil sanctions on Iran, Venezuela

Trump’s appointment of Rubio as secretary of state signals stricter oil sanctions on Iran and Venezuela, tempered by China concerns.

FILE PHOTO: Oilfield workers hold a flag with the corporate logo of Venezuela's state oil company PDVSA near Cabrutica at the state of Anzoategui. April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo
BusinessNewsOilTrade

Venezuela’s oil exports hit a 4-year peak on higher output, sales to US, India

Venezuela’s oil exports surged to a four-year high in October, reaching 950,000 bpd, driven by rising output and exports to India.

Venezuela's Oil Minister Pedro Tellechea leaves after a press conference, in Caracas, Venezuela April 16, 2024. REUTERS/Gaby Oraa/File Photo
BusinessCourtsFuelIndustryNewsOilPoliticsTrade

Venezuela arrests ex-minister over allegations he handed over part of PDVSA to company controlled by U.S. intelligence

Venezuela's AG says Tellechea has been detained for handing over part of state oil firm PDVSA to a company controlled by U.S. intelligence.

FILE PHOTO: A man stacks gas canisters in a street stall, as Venezuela prepares for presidential elections, in Caracas, Venezuela July 20, 2024. REUTERS/Gaby Oraa/File Photo
AnalysisBusinessElectionsEmissionsFuelNatural GasOilPoliticsRegulations

Analysis: Whoever wins election, Venezuela faces natural gas problem

Venezuela faces critical gas shortages despite vast reserves, with upcoming elections intensifying debate over privatization and investment to revive production.

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