Tuesday, June 3, 2025
Citgo Gets U.S. Subpoena Related to Venezuela Bribery Probe - Oil & Gas 360

Venezuela Faces the Loss of Citgo – and Desperately Needed Dollars

From The Houston Chronicle Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award. A U.S. appeals court ruled on Monday that Crystallex International Corp. may seize U.S.-based stock of Citgo’s parent, which is part of Venezuela’s state-owned oil company, to cover

U.S. Restricts Exports of Oil Diluents to Venezuela - Oil & Gas 360

Venezuela’s Guaido Pledges to Protect Chevron Assets if Trump Does Not Renew License

From Reuters Venezuelan opposition leader Juan Guaido said on Tuesday he would seek to protect Chevron Corp’s (CVX.N) assets in the country if the United States does not renew a license allowing the company to operate despite sanctions on the OPEC nation’s oil sector. The Trump administration slapped sanctions on state oil company PDVSA [PDVSA.UL] in January as part of

Oil & Gas 360 - Venezuela will stick to its plan of blending domestic and foreign crude to maintain and even increase oil production and exports in the face of sanctions prohibiting U.S. companies from buying the country’s oi

Venezuela Tension Flares Up as Guaido Urges Uprising

From Reuters Venezuelan opposition leader Juan Guaido on Tuesday made his strongest call yet to the military to help him oust President Nicolas Maduro, and violence broke out at anti-government protests as the country hit a new crisis point after years of political and economic chaos. Several dozen armed troops accompanying Guaido clashed with soldiers supporting Maduro at a rally