By Nicole Jao, Shariq Khan, Marianna Parraga and Arathy Somasekhar NEW YORK, Feb 13 (Reuters) – Valero Energy is set to buy up to 6.5 million barrels of Venezuelan crude in March for its Gulf Coast refineries, making it the OPEC country’s top foreign oil refiner since the U.S. impeached President Nicolas Maduro in January, … Read more
By Marianna Parraga Feb 2 (Reuters) – Venezuela’s oil exports rose to about 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, following the U.S. capture of Nicolas Maduro and the end of an oil embargo that left traders carrying most exports, shipping data showed. Washington imposed an oil embargo on the … Read more
WASHINGTON (AP) — Secretary of State Marco Rubio plans on Wednesday to warn that the Trump administration is ready to take new military action against Venezuela if the country’s interim leadership deviates from US expectations. In testimony prepared for a hearing before the Senate Foreign Relations Committee, Rubio says that the United States is not … Read more
By Dave Sherwood and Marianna Parraga HAVANA/HOUSTON, January 11 (Reuters) – US President Donald Trump said on Sunday that no more Venezuelan oil or money would go to Cuba and suggested that the Communist-ruled island should reach an agreement with Washington, increasing pressure on the United States’ longtime nemesis and provoking words of defiance from … Read more
WASHINGTON (AP) — When it comes to claiming that Venezuela’s oil is now under his control, President Donald Trump is not mincing any words. But not a small part of that oil belongs to China under contracts it struck with Caracas years ago, setting the stage for a delicate diplomatic dance in the coming weeks. … Read more
By Siyi Liu and Florence Tan SINGAPORE, Jan 7 (Reuters) – Independent Chinese refiners are expected to switch to heavy crude oil from sources including Iran in the coming months to replace Venezuelan shipments that have been halted since the United States ousted the country’s president, traders and analysts said. Caracas and Washington have agreed … Read more
By Vallari Srivastava, Nathan Crooks and Jarrett Renshaw Jan 7 (Reuters) – The United States needs to control Venezuela’s oil sales and revenues indefinitely to drive the changes it wants to see in the country, Energy Secretary Chris Wright said on Wednesday. The comments reflect the importance of the South American country’s crude oil reserves … Read more
Stocks of the world’s biggest energy operators gained on Monday as traders priced in a potential new market for the companies after the US impeached Venezuelan leader Nicolás Maduro. Shares in major U.S. oil companies ExxonMobil ( XOM ) and ConocoPhillips ( COP ) both gained 2% and 3%, respectively, while Chevron ( CVX ), … Read more