Crude inventories at Venezuela’s export terminal, Jose, have surpassed their highest levels since August due to customers' fears over sanctions deadlines.

Venezuela’s state-owned oil company Petroleos de Venezuela (PDVSA) is set to offload crude from the Nabarima floating oil facility amid environmental concerns.

The catalytic cracker at Venezuela’s Cardon refinery, key to gasoline production, was halted on Friday due to equipment failure.

Venezuelan oil exports rose again for a consecutive month after customers aim to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions.

Venezuela’s state-run PDVSA is set to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt.

Venezuela’s state-run oil company, Petroleos de Venezuela, has resumed gas output at Cardon refinery in the midst of widespread fuel shortages.

Venezuela’s state-run oil company Petroleos de Venezuela (PDVSA) has created a new unit to run its oil terminals.

OPEC produced 29.6 million per day (b/d) in June, down by 170,000 b/d compared with May.

Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages.

Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee.