Why Venezuela’s Vast Oil Wealth Couldn’t Prevent Its Collapse
The dramatic events over the weekend in Venezuela have renewed global attention on a country that, on paper,…
How Will U.S. Sanctions on Russia Impact OPEC+ Strategy?
The OPEC+ group will decide this weekend on production levels for December, in the first meeting since the…
China and Iran Seal Oil-for-Infrastructure Deal to Bypass U.S. Sanctions
Politics, Geopolitics & Conflict China has formalized a barter-style framework with Iran in which crude oil is exchanged…
US sanctions shipping network for smuggling Iran oil
The US Treasury Department on Tuesday sanctioned a network of shipping companies and vessels led by an Iraqi-Kittitian…
Venezuela’s PDVSA Reports $17.5 Billion in 2024 Oil Revenue as Exports Jump
7/12/2025 (Reuters) — Venezuelan state-run PDVSA’s oil sales abroad in 2024 stood at $17.52 billion, according to a…
Wall Street choppy, oil dips as US holds back from Mideast military action
NEW YORK (Reuters) -Major Wall Street indexes closed lower on Friday while oil prices fell after U.S. President…
Spain Halts Oil Imports From Venezuela as U.S. Sanctions Come Into Effect
Spain did not import any crude oil from Venezuela in April, ahead of a U.S. deadline in May…
Venezuela’s Opposition Proposes Energy Reform to Open Pipelines, Refineries to Foreign Investment
3/22/2025 (Reuters) — Venezuela’s opposition has drafted a broad proposal for energy sector reform that would allow participation…
Kurdish Oil Exports: A New Front in U.S.-Iran Tensions
The U.S. administration is ramping up efforts to pressure Iraq into restarting Kurdish oil exports, aligning with…
Venezuela’s PDVSA Restarts Light Crude Imports Due to Domestic Challenges – News and Statistics
Feb 7, 2025 Venezuela’s state oil companyPDVSA has resumed regular imports of light crude, a move pivotal for…
Hungary’s Strategic Talks Amid Rising Oil Sanctions
Facing heightened oil prices due to recent U.S. sanctions targeting Russia’s oil sector, Hungary is initiating talks…