By Marianna Parraga HOUSTON, June 20 (Reuters) - Venezuelan PDVSA's oil exports fell 32 percent in the first half of June compared with May, according to internal trade reports from the state-run company, as deepening output declines and seizures of some Caribbean assets disrupted crude and fuel shipments. PDVSA exported 765,000 barrels per day (bpd) in the first two … [Read more...]
Venezuela’s PDVSA Takes First Step to Ease Huge Oil Export Backlog
By Marianna Parraga and Mircely Guanipa HOUSTON/PUNTO FIJO, Venezuela, June 7 (Reuters) - Venezuela has begun testing seaborne oil transfers to ease a severe backlog of crude deliveries from its main terminals, according to sources and data, as chronic delays and production declines could temporarily halt state-run PDVSA's supply contracts if they are not … [Read more...]
Venezuela Faces Hurdles Clearing 24 Million Barrel Backlog at Ports
By Marianna Parraga June 6 (Reuters) - Venezuela is nearly a month behind in shipping crude to customers from its main oil export port, according to Reuters data, as chronic delays are compounding production declines and could breach state-run PDVSA's crude supply contracts if they are not quickly cleared. The oil company in recent days has raised the prospect that … [Read more...]
Curacao Faces ‘Potential Crisis’ from Venezuela-Conoco Row, Prime Minister Says
CARACAS, May 8 (Reuters) - A legal dispute between ConocoPhillips and Venezuelan state oil firm PDVSA could leave Curacao's economically important Isla refinery without crude oil to process, posing a "potential crisis" for the Caribbean island, Curacao's Prime Minister said on Tuesday. Conoco has won court orders allowing it to seize PDVSA assets on Caribbean islands, … [Read more...]
Venezuela’s PDVSA Halts Storage and Shipping from Caribbean Islands
By Marianna Parraga May 8 (Reuters) - Venezuela's state-run PDVSA suspended oil storage and shipping from its Caribbean facilities following a move by ConocoPhillips to temporarily seize the firm's assets on four islands, according to a PDVSA source and Reuters data. PDVSA has begun concentrating most shipping in its main crude terminal of Jose on Venezuela's eastern coast … [Read more...]