ABU DHABI — In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab Emirates took over management of

It is hard to know what the future holds for Venezuela, its opposition leader Juan Guaidó, or the present U.S.-led policy that emphasizes sanctions and isolation. Last week, as was wholly predictable, President Maduro’s United Socialist Party of Venezuela, and allied parties, took 67 percent of seats in the National

ORANJESTAD — The government of Aruba said on Monday it will form an advisory committee to decide the future of a 209,000-barrel-per-day refinery that remains idled amid sanctions on operator Citgo Petroleum’s parent company, Petroleos de Venezuela (PDVSA). Prime Minister Evelyn Wever-Croes said there are three possible scenarios for the

WASHINGTON — There is enough oil supply in the global market to make up for potential fuel disruptions due to U.S. oil producer ConocoPhillips’ legal actions against Venezuelan state oil company PDVSA, a State Department spokesman said this week. “The U.S. Department of State remains in contact with our partners

CARACAS — Venezuela’s state-run oil firm Petróleos de Venezuela S.A. has bought nearly $440 million worth of foreign crude and shipped it directly to Cuba on friendly credit terms — and often at a loss, according to internal company documents reviewed by Reuters. The shipments are the first documented instances

CARACAS — Venezuela’s government has named Simon Zerpa, who was sanctioned by the United States last year, as an external director of state oil company PDVSA while confirming General Manuel Quevedo as the firm’s president, the company said in a statement. Zerpa had been PDVSA finance vice president until February,

WILLEMSTAD — U.S. oil major ConocoPhillips has seized products belonging to Venezuelan state oil company from the Isla refinery it runs on Curacao, an island official told Reuters on Sunday. Conoco has won court orders allowing it to seize PDVSA assets on Caribbean islands, including Curacao, in efforts to collect on

[ad name=”HTML-68″] WILLEMSTAD — Venezuela’s Petróleos de Venezuela, S.A. (PDVSA) will let the 335,000 barrel-per-day refinery it leases in Curacao halt operations once crude inventories are exhausted as no new shipments are planned to the Caribbean following ConocoPhillips’s legal actions, according to two sources. PDVSA is also changing its trade

[ad name=”HTML-68″] CARACAS — Venezuela’s state-run oil company PDVSA suspended oil storage and shipping from its Caribbean facilities following a move by ConocoPhillips to temporarily seize the firm’s assets on four islands, according to a PDVSA source and Reuters data. PDVSA has begun concentrating most shipping in its main crude

[ad name=”HTML-68″] CARACAS — U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to three sources familiar with its actions. The U.S. firm targeted facilities on