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Saturday, May 31, 2025

Venezuela oil

Traders rebrand Venezuelan oil for China as Brazilian, sources and tanker trackers say- oil and gas 360

Traders rebrand Venezuelan oil for China as Brazilian, sources and tanker trackers say

May 12, 2025

(BOE Report) – Traders have rebranded more than $1 billion of Venezuelan oil shipments to China as Brazilian crude over the past year, according to two tanker tracking firms, company documents and four traders, helping buyers to cut logistics costs and circumvent U.S. sanctions. Independent refiners in China are the main buyers of seaborne oil shipments from countries sanctioned by

Vitol steps up Venezuela oil buying before U.S. license lapses- oil and gas 360

Vitol steps up Venezuela oil buying before U.S. license lapses

April 25, 2025

(World Oil) – Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg. It has more than

Chevron’s Venezuelan oil cargoes stalled at sea after export cancellations- oil and gas 360

Chevron’s Venezuelan oil cargoes stalled at sea after export cancellations

April 11, 2025

(Investing) – HOUSTON- At least two vessels carrying Venezuelan crude chartered by Chevron (NYSE:CVX) are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member’s buyers, two sources with knowledge of the matter said on Friday. The U.S. oil producer awaits customs paperwork to return the

Chevron's Venezuela oil contractors continue work despite impending Trump deadline- oil and gas 360

Chevron’s Venezuela oil contractors continue work despite impending Trump deadline

March 13, 2025

(World Oil) – Venezuelan oil contractors are continuing their work with Chevron Corp. and have not been warned of an impending shutdown despite a U.S. government deadline to stop producing oil there by early April. Local service companies working for three of Chevron’s joint ventures with state-owned Petroleos de Venezuela SA have not slowed down work, according to five people

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