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….
Sanctions
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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.
Cartel de Los Soles Designated as Terrorist Group With Omission of New Responsible Individuals
The Department of the Treasury did not name any new specific individuals on the list of sanctioned persons beyond the…
Sanctions: The Undeclared War That Kills as Much — or More — Than Bombs: A Youth Reflection on the New Study Published in The Lancet
A recent study in The Lancet Global Health offers a disturbing response. Based on data from 152 countries over five decades, the research finds that unilateral economic sanctions—especially those imposed by the United States—are associated with more than 560,000 deaths per year. The majority of these deaths occur among the most vulnerable: children under five and older adults.
Minister Jorge Márquez: Venezuela to Reactivate Electricity Supply to Colombia and Brazil
Venezuela’s Minister of Electric Energy, Jorge Márquez, announced on Wednesday that agreements have been established to reactivate electricity supply to Colombia and Brazil.
Repsol Maintains Its Commitment to Venezuela Despite Sanctions and Seeks Agreement with U.S. to Monetize Its Production
Repsol remains “hopeful of finding some kind of framework” to “monetize” its production in Venezuela amid ongoing discussions with the U.S. government under Donald Trump, as stated by the group’s CEO, Josu Jon Imaz, during the presentation of its first-half earnings.
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.
Colombia Seeks U.S. License to Purchase Monómeros
The Colombian government is reportedly seeking a license from the United States to acquire the fertilizer company Monómeros Colombo Venezolanos.
China raises crude processing to highest level since 2023, driven by margins and cheap oil
Chinese refineries posted their highest level of activity since September 2023 in June, processing 15.2 million barrels per day (bpd) of crude oil, up 8.5% from the same month last year. The rebound was due to the end of seasonal spring maintenance and improved refining margins — particularly for diesel — which encouraged plants to ramp up operations ahead of the summer demand peak.
Venezuela’s Oil Production Remained Stable in June, According to OPEC
Venezuela’s oil production saw a slight increase in June, according to the Organization of the Petroleum Exporting Countries’ (OPEC) monthly report.