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Venezuelan Oil Would Boost US Refiners, Hurt Canadian Producers

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

By Arathy Somasekhar and Georgina Mccartney US Gulf Coast refiners set to benefit if Venezuelan sanctions end Canadian crude will lose pricing power if Venezuelan oil flows freely Chinese independent refineries will seek alternatives if Venezuelan crude is redirected HOUSTON, Jan 6 (Reuters) – A full-scale resumption of Venezuelan oil exports would benefit refiners in …

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Trump’s Venezuela Oil Grab Revives ‘Petrodollar’ Debate: McGeever

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(Reuters) – There were likely many motives behind America’s capture and arrest of Venezuelan President Nicolas Maduro on Saturday, but one little-discussed factor could be the White House’s concerns about the waning global prominence of the “petrodollar.” Venezuela’s oil output is currently modest at barely 1 million barrels per day, but its reported reserves of …

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Venezuela’s Oil Deliveries to Asia at Standstill, Chevron’s Exports Flowing – Shipping Data

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Venezuela’s main oil ports on Tuesday entered their fifth day without delivering crude for state-run PDVSA’s customers in Asia, which are the OPEC country’s main buyers, shipping data showed, as the U.S. presses the nation through an oil embargo. Chevron, which is PDVSA’s main joint-venture partner, on Monday resumed exports of Venezuelan oil to the …

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Trump Offers US Oil Companies a Poisoned Chalice in Venezuela

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Donald Trump is giving U.S. energy companies the opportunity to revive Venezuela’s massive, derelict oil industry. It’s an offer they may want to refuse. After the U.S. military’s ouster of Venezuelan President Nicolas Maduro at the weekend, representatives of the Trump administration plan to meet with oil executives later this week to discuss boosting Venezuelan …

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COMMENTARY: Trump Now Has His Very Own Oil Empire

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By Javier Blas A Madrid protestor holds a caricature of Donald Trump drinking from a Venezuelan oil barrel by Portuguese cartoonist Vasco Gargalo. Photographer: THOMAS COEX/AFP Let’s do the math. Start with the oil production of the US and add Canada. Then include Venezuela and the rest of Latin America, from Mexico to Argentina and …

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Oil Prices Edge Slightly Higher on Supply Outlook, Venezuelan Output Uncertainty

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary US to meet oil executives to discuss Venezuelan production boost Analysts predict sufficient supply by 2026 despite uncertainties Reliance Industries halts Russian crude deliveries for January (Reuters) – Oil prices edged slightly higher on Tuesday as the market weighed expectations of ample global supply this year against uncertainty around Venezuelan crude output following the …

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Trump Administration Has Not Consulted US Oil Majors About Venezuela, Oil Execs Say

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(Reuters) – The Trump administration did not consult with oil companies Exxon Mobil, ConocoPhillips, or Chevron Corp about Venezuela before or after U.S. forces captured the South American country’s president Nicolas Maduro Jan. 3, according to four oil industry executives familiar with the matter. That contradicts President Donald Trump’s assertion aboard Air Force One on …

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China’s Oil Investments in Venezuela

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – China is a major customer of and investor in Venezuela’s oil sector, which President Donald Trump aims to revive following the U.S. military’s ouster of President Nicolas Maduro on Saturday. Years of mismanagement, underinvestment and, more recently, U.S. sanctions have slashed Venezuelan crude production to about 1.1 million barrels per day (bpd) last …

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What’s The Status of International Oil Companies in Venezuela After Maduro’s Capture?

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Here are key facts about international oil companies in Venezuela, a country with the world’s largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country’s oilfields. …

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