News

Venezuela has increased crude shipments to China amidst the tightening of US sanctions against the oil industry.
However, to gain a real appreciation of the depths of Venezuela’s socialist disaster, we must look under the hood of Petróleos de Venezuela (PDVSA), Venezuela’s state-owned oil giant.
Too many oil leaks in President Hugo Chavez administration Venezuela’s government giant oil corporation sacked half its board of directors Thursday after PDVSA ’s pension fund lost about 500 ...
The deals are part of President Nicolás Maduro’s plan to replace Western oil companies after US sanctions ended their ...
During the Venezuelan general strike of 2002–2003, Chávez fired 19,000 employees of the state oil company Petróleos de Venezuela, S.A. (PDVSA) and replaced them with employees loyal to his ...
CARACAS, April 22 (Reuters) - Venezuela's state oil company PDVSA (PDVSA.UL) is increasingly using its limited output of medium and light crude for refining, resulting in shortages for blending ...
HOUSTON (Reuters) - Venezuela's state-run petroleum firm PDVSA has been barred from using a NuStar Energy oil storage terminal in the Caribbean over $26 million in unpaid bills, according to ...
Venezuela's oil exports remained almost unchanged last month as increased shipments to customers in China offset a decline in U.S.-authorized sales, according to vessel-tracking data and internal ...
Bondholders who choose not to participate in PdVSA’s $5.3 billion exchange offer “are playing a dangerous game they can end up losing,” Eulogio del Pino, the president of the firm ...
Spain ceased all crude oil imports from Venezuela in April due to upcoming U.S. sanctions requiring foreign companies to halt ...
PdVSA, Venezuela’s national oil company, is expected to offer bondholders $7 billion in new bonds Wednesday in exchange for existing debt, an effort to ease a cash-flow squeeze.
Since the early 1980s, Petróleos de Venezuela SA (PDVSA) has been working on the technique for dispersing natural bitumen in water in order to commercialize the vast reserves existing in ...