Iran and Venezuela have been kept out of the regular oil markets for years with US and European sanctions. Iran and Venezuela, each used to export a couple million barrels of oil per day or more if you look further back in time. Venezuela had a longer twenty-year decline because they wrecked their economy and …
Venezuela has one active oil rig according to the Baker Hughes international oil rig report. Venezuela is producing 367,000 barrels of oil per day. In 2016, Venezuela’s economy needed about 600,000 barrels per day. Venezuela depends upon oil import shipments from Iran. Venezeuela had oil production levels of 2.4-3.5 million barrels per day and was …
A cruise ship, Resolute, was rammed by a Venezuelan military patrol ship and the military ship sank. Columbia Cruise Services operates the cruise ship. The cruise ship was in international waters more than 13 nautical miles (24km) from La Tortuga and it was carrying out engine maintenance. The Resolute is a purpose-built polar expedition vessel. …
Iran dropped 154,000 bpd to 2.554 million bpd in April. Iraq dropped 113,000 bpd to 4.63 million bpd. Saudi Arabia had 45,000 bpd less oil in April at 9.742 million bpd. Venezuela had a slight increase of 28,000 bpd to 768,000 bpd in April. In 2018, Venezuela averaged was 1.34 million bpd.
Venezuela might be in the regime change endgame and a new phase in the ongoing crisis. The US has threatened Cuba with full and complete sanctions and has offered members of Venezuela’s military the opportunity to get a deal if they switch sides. In early 2018, Nextbigfuture predicted that Venezuela’s economy would deteriorate so that …
Venezuela’s oil production has dropped by 40% since the end of 2018 and is now one-third of its 2012-2014 level. OPEC says Venezuela only produced 960,000 barrels per day in March. This is down from the 1.4 to 1.5 million barrel per day through most of 2018. Power outages and the continuing economic dumpster fire …
1. On the Venezuela-Colombia border, thirteen or more members of the Venezuelan security forces defected on Saturday. A military outpost near the Venezuela-Brazil border has been taken over by a militia loyal to President Maduro, according to VPI TV. There are competing but separate rallies of Maduro and Guido supporters. There has been violence and …
The Venezuelan interim President Juan Guaidó indicates that the General of Aviation, Francisco Yánez is supporting him. The PNB (Bolivarian National Police is Venezuela’s national police force) has refused to repress the people in Lara. More police and military officials are supporting Juan Guaidó. There were large crowds in Coro, Aragua, Barinas, Barquisimeto and more …
The U.S. Treasury will block $7 billion in assets of Venezuela’s state-run oil firm PDVSA. The [US] Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Petroleos de Venezuela, S.A. (PdVSA) pursuant to Executive Order (E.O.) 13850 for operating in the oil sector of the Venezuelan economy. …. As Venezuela’s state owned oil …
How will Maduro be able to keep the loyalty of the military when Guaido has all the money? The USA has already started to arrange to give all of its oil purchase money and gold to Venezuela’s new President Guaido. In 8 days, the EU money will start heading to Guaido’s side. All of the …
Canada, Brazil, Peru and Colombia have joined the USA in recognizing Juan Guaido in Venezuela. This is reported by the Global News in Canada. The Miami Herald reported crowds amassed in Sucre, in eastern Caracas — one of the eight opposition rallying points. City council member Juan Carlos Vidal said violent clashes overnight with police …