Venezuela’s state-run oil firm PDVSA is taking over crude shipments once managed by Chevron as sanctions drama and payment disputes derail the fragile oil détente between Washington and Caracas.

HOUSTON, (Reuters) – Venezuela’s state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades dwindles, creating bottlenecks for producing ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades dwindles, creating bottlenecks for producing exportable blends ...

Since 2017, PDVSA has been under US sanctions, including an export embargo that has blocked the Venezuelan company from selling crude to international markets. On October 18, the US Treasury ...

Geneva-registered commodities firm Maroil Trading AG, responsible for most of the country’s exports of petroleum coke, also known as petcoke, owes PDVSA $423.7 million, according to a summary of ...

CARACAS/SINGAPORE — Venezuela’s state-run oil company PDVSA is reviewing accounts of Maroil Trading, owned by Venezuelan shipping magnate Wilmer Ruperti, over outstanding debts from petroleum coke ...

Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services ...

The International Chamber of Commerce's arbitration tribunal has dismissed US oil company ConocoPhillips' $1.5 billion claim against Venezuelan state oil company PDVSA, an adviser to opposition ...

NEW YORK, Sept 22 (Reuters) - Citigroup Inc (C.N), opens new tab blocked an attempt by Venezuelan state oil company PDVSA to make debt payments to a Siemens unit, a Citi executive testified on ...

PdVSA was already defaulting on debt before sanctions were imposed. The company produces around 700,000 barrels per day, but has few buyers. Its main market, the U.S., doesn’t want it.