In a coordinated move against the trade of sanctioned crude, Malaysia has imposed strict regulations on illegal oil transfers in its waters, while Panama has closed its doors to high-risk, aging vessels. Although pressure on the so-called “shadow fleet” is increasing, historical experience shows that such measures often face structural limitations and the constant reinvention of evasion networks.
“People Are Buying More, but Commercial Margins Continue to Be Sacrificed to Keep Operations Running,” Conindustria Recently Warned. Photograph: ConsultorSalud…
The Organization of the Petroleum Exporting Countries and its allies (OPEC+), headed by Saudi Arabia and Russia, approved a new crude production increase of 547,000 barrels per day (bpd) this Sunday, effective September. With this move, the coalition finalizes the reversal of the voluntary cuts of 2.2 million barrels per day (mbd) implemented in 2023, completing the process in half the time initially planned.
Venezuela’s oil exports in July were 727,000 barrels per day, 10% lower than the to 807,000 bpd in June, according to LSEG shipping data published by Reuters.
More than 6,500 spokespeople, according to the “uses” and “customs” of their respective peoples, are the ones who vote directly…
According to its CEO, the initial shipments will help settle part of the company’s outstanding debt and gradually restore production….
The Appeals Chamber of the International Criminal Court (ICC) determined that there are “reasonable grounds to believe” that Prosecutor Karim Khan was involved in a conflict of interest in the investigation into crimes against humanity in Venezuela, due to family and professional ties with a lawyer who has represented the government of Nicolás Maduro. Khan has three weeks to formally recuse himself, in accordance with Rule 35 of the Court’s Regulations.
U.S. energy corporation Chevron will pay the Venezuelan government in oil instead of bolivars or other currencies, according to sources consulted by Bloomberg.
The remains of a Venezuelan woman were discovered in the Colombia–Venezuela border region of Arauca, twelve years after her disappearance.
