Edition:
India

Marianna Parraga

Venezuelan oil exports fall to lowest level in 2019 as U.S. sanctions bite: data

03 Sep 2019

Venezuela's oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, hurt by a halt in purchases by the nation's second largest customer, China National Petroleum Corp (CNPC), following tougher U.S. sanctions.

Citgo profits hit following split, CEO sees 2H improvement

24 Aug 2019

The two new top executives at Citgo Petroleum disclosed this week that net income in the second quarter slid to less than half its level a year earlier, hit by a broad slump for the refining industry as well as complications from U.S. sanctions on Venezuela and Citgo's split with state-run oil company PDVSA.

Citgo profits hit by fallout from split, sees 2H improvement -CEO

23 Aug 2019

Aug 23 The two new top executives at Citgo Petroleum disclosed this week that net income in the second quarter slid to less than half its level a year earlier, hit by a broad slump for the refining industry as well as complications from U.S. sanctions on Venezuela and Citgo's split with state-run oil company PDVSA.

RPT-Rosneft becomes top Venezuelan oil trader, helping offset U.S. pressure

23 Aug 2019

MOSCOW, Aug 22 Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it for fear of breaching U.S. sanctions.

Rosneft becomes top Venezuelan oil trader, helping offset U.S. pressure

22 Aug 2019

MOSCOW Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it for fear of breaching U.S. sanctions.

China CNPC suspends Venezuelan oil loading, worried about U.S. sanctions: sources

19 Aug 2019

SINGAPORE/MEXICO CITY China National Petroleum Corp, a leading buyer of Venezuelan oil, has halted August loadings following the latest U.S. sanctions on the South American exporter, three sources with direct knowledge of the matter told Reuters on Monday.

Exclusive: Citgo to appoint new CEO to navigate political, legal turmoil - sources

14 Aug 2019

Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela (PDVSA).

Venezuela oil exports slid 17.5% in July as client portfolio shrank -data

01 Aug 2019

Aug 1 Venezuela's oil exports fell 17.5% in July to their second-lowest level since Washington imposed sanctions on the nation as state-run PDVSA finds fewer customers to take its oil, according to internal data from the company and Refinitiv Eikon.

Billigflaggenstaaten winken beim Iran immer öfter ab

30 Jul 2019

London/Dubai/Panama-Stadt Sie waren gerade mitten auf dem Weg vom Iran rund um Afrika ins Mittelmeer, als die Seeleute an Bord des Öltankers Grace 1 die Flagge Panamas einholen mussten.

Flags of inconvenience - noose tightens around Iranian shipping

26 Jul 2019

LONDON/DUBAI/PANAMA CITY Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own.

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