Oilprice Community to Shutdown

  1. CB


    Maduro has reportedly given his oil minister, Manuel Quevedo, 'extra powers' to deal with the steep oil production decline. Keeping in mind that the...
      

    • Carlsbad Replied
    • 11 replies
    • 5,102 views
  2. LB


    Reuters is reporting that Venezuela is considering, for the first time, refining foreign crude because it can't meet its obligations for Russia/China fuel contracts....
      

    • Scotsman Replied
    • 2 replies
    • 1,872 views
  3. Rodent


    https://oilprice.com/Latest-Energy-News/World-News/Indias-Oil-Imports-From-Venezuela-Plunge-To-Lowest-Since-2012.html And this is what happens, my friends, when you get so far into debt. You're beholden to your creditors. Venezuela pumps at the mercy...

    • Rodent Replied
    • 4 replies
    • 2,720 views
  4. jose chalhoub


    https://www.reuters.com/article/conocophillips-pdvsa-assets/conoco-moves-to-take-over-venezuelan-pdvsas-caribbean-assets-sources-idUSL1N1SD07L
      

  5. SM


    and China as well https://seekingalpha.com/article/4131801-venezuela-moves-oust-dollar-oil-trade-russia-next
      

    • Stephen Replied
    • 8 replies
    • 2,630 views
  6. Rodent


    Venezuela's oil exports to US drop 12% month on month as production falls.
      

    • Rodent Replied
    • 3 replies
    • 2,307 views
  7. Marina Schwarz


    It may sound illogical but it's yet another example of pure market logic: Venezuela's oil production is falling but its exports to the US,...
      

  8. AC


    A proposal to modify U.S. oil sanctions on Venezuela to allow crude exports to be bartered for food has divided the country's opposition between...

    • AdrianC Replied
    • 0 replies
    • 1,091 views
  9. Rodent


    Venezuela is saying it will be no problem to raise its production by 1 million bpd. They say this as their production continues its...

    • Rodent Replied
    • 2 replies
    • 1,945 views
  10. Rodent


    I thought Venezuelan production was already stymied?  am I missing something? https://www.reuters.com/article/us-venezuela-politics-usa/maduro-says-u-s-sanctions-will-not-stymie-venezuela-oil-industry-idUSKBN1FP2UR

    • Rodent Replied
    • 3 replies
    • 1,744 views
  11. jose chalhoub


    Venezuela is about to experience its most critical situation since it started to be an oil producing and exporting country: to pay international prices...
      

  12. Marina Schwarz


    "Venezuela is to increase its oil exports to China to one million barrels a day, President Nicolas Maduro said on Tuesday, just days after...
      

  13. IG


    https://www.breitbart.com/national-security/2018/12/24/venezuela-invades-guyana-block-exxon-mobil-oil-exploration/   I wonder what country will end up using their warships to protect the exploration ships when they return. Will Maduro end up getting his ship...

    • Illurion Replied
    • 7 replies
    • 4,181 views
  14. Rodent


    US chastising China for bailing out Venezuela. Is their propping up of Venezuela with loans just forestalling the inevitable? Is China's motive here nefarious? Must...

    • Rodent Replied
    • 1 reply
    • 3,140 views
  15. Rodent


    Venezuela reportedly hit with blackouts this afternoon, my Twitter feed suggests. Hard to mine those cryptocurrencies that way, I think.

    • Rodent Replied
    • 1 reply
    • 2,666 views
  16. jose chalhoub


    On a personal anecdote, i need to change my motor oil of my car, and Im nervous since i dont know if and when...
      

  17. Rodent


    "Venezuela Imports Crude for the First Time in Five Years" https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-04-23/venezuela-imports-crude-for-the-first-time-in-five-years  

    • Rodent Replied
    • 0 replies
    • 1,402 views
  18. Rodent


    higher oil prices can't do enough when your oil production isn't  half of what it used to be. I wonder if $100 oil would...

    • Rodent Replied
    • 0 replies
    • 1,808 views
  19. jose chalhoub


    Rafael Ramirez, former venezuelan oil czar, just published another piece, another ranting, predicting something that started under his very tenure. Here's the link: https://www.bloomberg.com/news/articles/2018-05-04/man-who-ran-venezuelan-oil-giant-for-decade-predicts-fast-demise
      

  20. Rodent


    I'm no Econ major, but removing some zeros from their currency doesn't seem like it would solve Venezuela's problems. Is this kicking the can,...

    • Rodent Replied
    • 2 replies
    • 1,638 views
  21. Tom Kirkman


    This article does a fairly deep dive into the Venezuela Oil problem.  Meaty, lengthy and disruptive. Tackles some prickly subjects that will likely poke people...

  22. Tom Kirkman


    From the very much leftist BBC.  Note the total absence of any mention about Venezuela's Socialism creating the collapse of the country.  Iran is portrayed...

  23. Rodent


    Venezuela said to be implementing a new cryptocurrency backed by oil, gold in temper tantrum aimed at US and its sanctions. How realistic is...

    • Rodent Replied
    • 7 replies
    • 2,565 views
  24. Rodent


    US may stop sending Naptha to Venezuela--they need this to mix with their heavy oil or it doesn't flow in the pipelines. This would...

    • Rodent Replied
    • 0 replies
    • 1,419 views
  25. jose chalhoub


    http://money.cnn.com/2018/05/09/news/companies/venezuela-oil-industry/index.html
      

  26. jose chalhoub


    according to a news release, Minister of Oil Manuel Quevedo called for a mass at a church in order to pray to God to...
      

  27. Tom Kirkman


    So how exactly is a military general with no experience in Oil & Gas supposed to significantly increase oil output, despite increased international sanctions? Maybe...
      

  28. PP


    According to their lawyer, Venezuelan state oil company PDVSA has sued a group of oil trading companies through a U.S. trust over a multi-billion...
      

    • Petar Replied
    • 3 replies
    • 2,159 views
  29. jose chalhoub


    Last Saturday, President Maduro announced his intentions to rationalise the supply of gasoline in the country through some tool called Carnet de la Patria...
      

  30. Tom Kirkman


    China and Venezuela are both feeling the bite of U.S. trade sanctions.  Neither are happy campers. Will China start seizing Venezuelan oil & gas assets...