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The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.
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Washington has sanctions on nearly 12,000 entities. Does the policy make sense?
Luisa Palacios, the former chairwoman of Citgo Petroleum, discussed what guarantees oil companies need before making big investments.
Venezuela was supposed to repay its loans from China with oil. âThe US blockade on Venezuelaâs crude industry means that Beijing wonât see any that oil it is owed â at least for the time being.
La industria petrolera ha estado en el corazón de la economía venezolana durante un siglo. Sin embargo, en la actualidad requiere fondos millonarios para recuperar su capacidad de producción, luego de décadas de desinversión.
Sources warn of ‘double whammy’ of reliance on single supplier and increased market-driven volatility
The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.
In discussing the dramatic seizure of Venezuelan President Nicolás Maduro and his wife, Cilia Flores, over the weekend, President Donald Trump declared that the United States would now “take back” the country’s oil. Yet he has offered little clarity on what exactly this means.
The country could see a relatively rapid recovery of some oil production, depending on the leadership that emerges.
