Edition:
United States

Marianna Parraga

China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions: sources

Aug 19 2019

SINGAPORE/MEXICO CITY China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on Monday.

Exclusive: Citgo to appoint new CEO to navigate political, legal turmoil - sources

Aug 13 2019

Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela (PDVSA).

Venezuela oil exports slid 17.5% in July as client portfolio shrank -data

Aug 01 2019

Aug 1 Venezuela's oil exports fell 17.5% in July to their second-lowest level since Washington imposed sanctions on the nation as state-run PDVSA finds fewer customers to take its oil, according to internal data from the company and Refinitiv Eikon.

Billigflaggenstaaten winken beim Iran immer öfter ab

Jul 30 2019

London/Dubai/Panama-Stadt Sie waren gerade mitten auf dem Weg vom Iran rund um Afrika ins Mittelmeer, als die Seeleute an Bord des Öltankers Grace 1 die Flagge Panamas einholen mussten.

Flags of inconvenience: noose tightens around Iranian shipping

Jul 26 2019

LONDON/DUBAI/PANAMA CITY Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own.

Exclusive: Panama to withdraw flags from more vessels that violate sanctions

Jul 12 2019

PANAMA CITY Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country's maritime authority told Reuters, following the removal of about 60 ships linked to Iran and Syria from the Panamanian registry in recent months.

Squeezed by sanctions, Venezuela sells oil to tiny Turkish firm

Jul 08 2019

MEXICO CITY/CARACAS With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no refineries but ties to President Nicolas Maduro's government, according to internal documents and a PDVSA source.

Venezuela's June oil exports recover to over 1 million bpd: data

Jul 02 2019

Venezuela's oil exports recovered in June from a sharp drop the month before, helped by increased deliveries to China, which is now state-run oil firm PDVSA's primary destination for its crude, according to company records and Refinitiv Eikon data.

Exclusive: Venezuela reshuffles oil output to favor Asia exports amid sanctions - documents

Jun 28 2019

MEXICO CITY/CARACAS Venezuelan state oil firm PDVSA is revamping one of its major processing operations geared to supplying U.S. buyers to produce instead a crude grade favored by Asian refiners, according to internal documents seen by Reuters.

RPT-Challenges slow Mexico's billion-dollar oil hedge this year -sources

Jun 09 2019

By Devika Krishna Kumar, Stefanie Eschenbacher and Marianna Parraga

World News