SINGAPORE/KUALA LUMPUR/MEXICO CITY Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China, ahead of new fuel taxes that look set to upend the lucrative flow of sanctioned oil to the world's top crude importer.
MARACAY, Venezuela (Reuters) -Venezuela's first diesel imports since November arrived this week aboard the tanker Bueno, carrying almost 500,000 barrels of fuel desperately needed by farmers and truckers in the sanction-hit country, according to a shipping document and three sources.
MARACAY, Venezuela, May 27 Venezuela's first
diesel imports since November arrived this week aboard the
tanker Bueno, carrying almost 500,000 barrels of fuel
desperately needed by farmers and truckers in the sanction-hit
country, according to a shipping document and two sources.
MEXICO CITY/HOUSTON A U.S. oil service group introduced a $100 million claim before a World Bank arbitration court alleging Mexico violated investor protections under the NAFTA trade pact by failing to honor agreements, lawyers for the firms and court documents showed.
Venezuela's April oil exports were flat at about 700,000 barrels per day (bpd) for the third month in a row, with three-quarters of its shipments headed to Asia and the Middle East, according to tanker tracking data and documents from state-run Petroleos de Venezuela.
VERACRUZ, Mexico, April 30 Three Cuban-flagged
tankers that are under U.S. sanctions for transporting
Venezuelan oil to the Communist-run island have been serviced in
the port of Veracruz on Mexico's Gulf coast, according to vessel
tracking data and industry sources.
CARACAS Venezuela's state oil company PDVSA is increasingly using its limited output of medium and light crude for refining, resulting in shortages for blending operations to produce exportable grades, seven people close to the matter said.
April 6 U.S.-sanctioned Venezuela managed to
ship more crude in March directly to China, its main export
destination, even as overall shipments dipped modestly last
month, according to internal documents and Refinitiv Eikon data.
Citgo Petroleum Corp's Luisa Palacios will leave the board of the eighth-largest U.S. oil refiner at month's end, the company said in a statement on its website.
Ecuador has reached a preliminary agreement with a unit of Thailand's state-run PTT PCL to extend to 2024 the payment period of an oil-for-loan agreement that was originally planned to be fully paid through 2022, the country's energy minister said on Thursday.