Venezuela | Egypt Oil & Gas - Part 4
Venezuela’s Oil Exports Rise in September
Venezuelan oil exports rose again for a consecutive month after customers began seeking to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions, according to Reuters. The US has gi...
Venezuela to Blend Crude to Recover Oil Output
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, according to Reuters. Due to US sa... Venezuela Restarts Gasoline Production at Cardon Refinery
Venezuela’s state-run oil company, Petroleos de Venezuela, has resumed gas output at Cardon refinery in the midst of widespread fuel shortages, according to Reuters. This will come as a welcome relief after months of ...
Venezuela’s PDVSA Creates New Unit for Oil Terminals
Venezuela’s state-run oil company Petroleos de Venezuela (PDVSA) has created a new unit to run its oil terminals, according to Reuters. PDV Puertos will be responsible for the management, upkeep and administration of ...
OPEC Production Hits 5-Year Low
The Organization of the Petroleum Exporting Countries (OPEC) output fell to a new five-year low in June, according to a Reuters survey. An increase in Saudi crude production did not offset the reduction in Iran and Ve...
OPEC-led Group Able to Cover Supply Shortage: Russian Energy Minister
Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages, S&P Global reported. There are concerns that the grou...
OPEC Supply Cuts: Oil Production 9% Lower than Agreed
Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee, Reuters reported. The output figures for July show steadily increasing produ...
Kuwait Raises Output by 85,000 bpd
Kuwait started raising its oil output by 85,000 barrels per day (b/d) from July 1, in accordance with the recent agreement between OPEC and non-OPEC producers to increase production by 1 million b/d, according to Reut...
