US EditionVenezuela Reopens Oil Wells as Crude Exports Resume Under Tight U.S. Oversight
- Venezuela's state oil company has reopened wells previously closed due to a U.S. embargo, allowing crude exports to resume with recent shipments departing from the country.
- Two supertankers left Venezuela carrying about 1.8 million barrels each, potentially marking the first shipments under a proposed 50-million-barrel supply agreement.
- Crude output fell to approximately 880,000 barrels per day last week, down from 1.16 million barrels per day in late November, due to operational constraints.
- President Donald Trump has outlined plans to reshape Venezuela's oil industry, with limited transactions still subject to broader sanctions.
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16 Articles
By Iván Pérez Sarmenti, CNN en Español The intervention of the United States against Venezuela and the capture of Nicolás Maduro brought uncertainty in world geopolitics but, so far, in economic terms and on the global prices of oil the effect has been marginal, hold different analysts consulted by CNN. However, the question that remains is what impact will have on the region the eventual increase of today's depreciated Venezuelan oil production…
Venezuela Resumes Oil Exports, Begins Reversing Production Cuts
Venezuela’s state oil company has started reopening some wells previously shut due to a U.S. embargo, allowing crude exports to resume with two shipments recently departing. Since December, oil exports had been nearly stagnant, primarily due to constraints on operations, resulting in millions of barrels stuck in storage. Crude output dropped to approximately 880,000 barrels […] The post Venezuela Resumes Oil Exports, Begins Reversing Production …
Venezuela reopens oil wells and resumes crude exports following Trump administration policy changes
President Donald Trump’s Venezuela policy showed signs of taking effect this week as the country reopened oil wells closed under a U.S. embargo and restarted crude exports, according to Reuters.Two supertankers departed Venezuelan waters late Monday carrying about 1.8 million barrels of crude each, moves that may mark the first shipments under a proposed 50-million-barrel supply deal between Caracas and Washington, according to the report.The ve…
WTI declines below $61.00 as US stockpile builds, Venezuelan exports resume
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.70 during the Asian trading hours on Wednesday. The WTI price declines as Venezuela resumes exports and the American Petroleum Institute (API) shows a big build in US crude inventories.
Venezuela Begins Reversing Oil Output Cuts as Exports Resume, Sources Say - Energy News, Top Headlines, Commentaries, Features & Events
(Reuters) – Venezuela’s state oil company has begun reopening some of the wells it and its joint venture partners had shut amid a strict U.S. embargo, as crude exports resume with two shipments departed on Monday, three sources close to operations said. The OPEC country’s oil exports had remained almost at a standstill since December, ...
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- 62% of the sources are Center
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