Chevron and Valero Energy Resume Talks to Reactivate Venezuelan Crude Supply
The gradual return of Venezuelan crude to the U.S. market will also impact regional fuel prices. Photograph: Robert Way /…
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Reuters: Venezuela’s oil exports fell by 10% in July, 95% went to China
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.
Chevron to Resume Venezuelan Crude Exports in August in “Limited Quantities”
According to its CEO, the initial shipments will help settle part of the company’s outstanding debt and gradually restore production….
Bloomberg: Chevron to Pay the Venezuelan State With Crude Oil
U.S. energy corporation Chevron will pay the Venezuelan government in oil instead of bolivars or other currencies, according to sources consulted by Bloomberg.
WSJ: Trump Administration Allows Chevron to Continue Oil Production in Venezuela
The administration of President Donald Trump has issued a license allowing Chevron to produce oil in Venezuela despite existing sanctions, according to sources consulted by The Wall Street Journal.
Chevron Completes Acquisition of Hess After Legal Dispute with ExxonMobil
Chevron has successfully completed its $53 billion acquisition of Hess after winning a legal battle against ExxonMobil.
The New York Times Reviews Failed U.S. Swap of Venezuelans Detained in El Salvador
Front view of the Terrorism Confinement Center (CECOT), a Salvadoran megaprison where over 200 Venezuelan migrants deported from the United States…
Javier La Rosa Assumes Global Leadership Role at Chevron from Houston, Overseeing Strategic Assets in the Americas, Asia, Europe, and the Middle East
Chevron restructures its executive leadership with the appointment of Javier La Rosa as President of the BAEC (Base Assets and Emerging Countries) portfolio, a key division encompassing energy operations in critical regions and emerging markets. The company also reaffirms its commitment to social programs in Venezuela.
Venezuela Plans a 50% Increase in Gasoline Prices, According to Bloomberg
The increase would have an immediate and profound impact on Venezuelans’ wallets, directly affecting transportation and trade costs. Photo: Archive…
What do we know about the new oil contracts in Venezuela?
An alleged list of companies that signed “productive participation contracts” (CPPs) with PDVSA was recently leaked. There has also been talk of…