Business News Venezuela

  • LONDON/ WASHINGTON, Oct 21- Facebook Inc said on Monday it has suspended a network of Instagram accounts operated from Russia that targeted Americans with divisive political messages ahead of next year's U.S. presidential election, with operators posing as people within the United States. The Russian network "showed some links" to Russia's Internet Research...

  • Oct 18- U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington's effort to oust President Nicolas Maduro. The company's remarks follow an earlier report by Bloomberg that said the United States is considering extending...

  • Oct 18- The United States is considering extending Chevron Corp's waiver to operate in Venezuela with more limitations by granting the company a 90- day sanctions reprieve, Bloomberg reported https://bloom.bg/2J4e4pL late on Friday, citing people familiar with the matter. President Donald Trump, who must decide by Oct. 25 whether to renew a waiver allowing...

  • MULLS EXTENDING CHEVRONS VENEZUELA WAIVER WITH MORE LIMITS- BLOOMBERG, CITING SOURCES.

  • WASHINGTON, Oct 18- The United States is imposing new sanctions on Cuba over its human rights record and its support for Venezuela's government, the U.S. Commerce Department said on Friday. In a separate statement, the U.S. State Department criticized Cuba for its detention of dissident Jose Daniel Ferrer, calling on Havana to disclose his whereabouts, treat him...

  • LA CAGNADA DE URDANETA, Venezuela, Oct 18- With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56- year-old Freddy Brito cannot even afford to buy one kilogram of cheese. But Chevron's future in Venezuela now depends on U.S. President Donald Trump, who must decide...

  • NEW YORK, Oct 15- India wants to comply with global sanctions, including U.S. sanctions on Venezuela and Russia, but also needs to maintain its own strength and strategic interests, Finance Minister Nirmala Sitharaman said in an interview on Tuesday. The United States in January imposed the toughest sanctions yet on Venezuela's oil industry.

  • NEW DELHI/ MEXICO CITY, Oct 15- India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating U.S. sanctions, three sources with knowledge of the transactions said. The United States in January prohibited U.S.-dollar transactions for oil sales from Venezuela's...

  • *Turkey condemns move, says will review cooperation with EU. LUXEMBOURG, Oct 14- European Union agreed on Monday to limit arms exports to Turkey over its offensive in northern Syria, prompting condemnation from Ankara, even as they stopped short of a bloc-wide embargo against a NATO ally. Italy, the top arms exporter to Turkey last year, said it would join a ban on...

  • *EU sold 45 mln euros in arms, ammunition to Turkey in 2018. LUXEMBOURG, Oct 14- European Union governments agreed on Monday to limit arms exports to Turkey over its offensive in northern Syria, stopping short of a bloc-wide embargo on a NATO ally. Italy, the top arms exporter to Turkey last year, said it would join a ban on selling weapons and ammunition to Ankara after a...

  • *Higher freight, narrow Brent-WTI spread hit US oil flow to Asia. The cost of shipping crude from the Americas, Europe, Africa and the Middle East to Asia has surged over the past two weeks as companies shunned nearly 300 tankers on fears of violating sanctions against OPEC members Iran and Venezuela. Higher freight rates and a jump in crude premiums after the Saudi...

  • QUITO, Oct 13- Armored military vehicles patrolled the streets of Ecuador's capital, Quito, on Sunday after police and protesters clashed and many residents defied a curfew imposed by President Lenin Moreno in a bid to quell unrest triggered by fuel subsidy cuts. Ecuadoreans posted videos on social media of burning road blockades and standoffs between crowds...

  • *Higher freight, narrow Brent-WTI spread hit US oil flow to Asia. The cost of shipping crude from the Americas, Europe, Africa and the Middle East to Asia has surged over the past two weeks as companies shunned nearly 300 tankers on fears of violating sanctions against OPEC members Iran and Venezuela. Higher freight rates and a jump in crude premiums after the Saudi...

  • MOSCOW, Oct 11- Urals differentials have fallen to the widest discounts against dated Brent crude in a year as refiners start switching to low-sulphur grades in the face of coming IMO 2020 regulations. The International Maritime Organization will from January require shippers to reduce the sulphur content of fuels used in their vessels.

  • Unipec, the trading arm of China's Sinopec, Swiss trader Trafigura AG, oil firm Equinor ASA, Exxon Mobil Corp and others are shunning contracts or vessels that might put them in jeopardy of violating U.S. sanctions on Venezuela, according to sources and documents. The United States in early August ratcheted up sanctions on Venezuela, adding measures that could...

  • CARACAS, Oct 9- Venezuela's cash-strapped state-run oil company PDVSA expects crude output to rebound to above 1.2 million barrels per day next year, according to a copy of the company's 2020 budget seen by Reuters, a figure nearly double current levels. Oil production in Venezuela has collapsed this year after the United States imposed sanctions on PDVSA, part...

  • NEW YORK, Oct 10- China's Unipec, the trading arm of Asia's top oil refiner Sinopec, has banned the use of vessels linked to oil flows from Venezuela in the last year, sources familiar with the matter said on Thursday. The move comes as Exxon Mobil Corp this week also barred the use of vessels that have links to Venezuela. Unipec and Sinopec could not immediately be...

  • *OPEC signals supply decision for 2020. NEW YORK, Oct 10- Oil prices rose on Thursday, buoyed by comments by the head of OPEC that the organization could take action to balance oil markets and that it will decide in December on supply for next year. A December meeting between OPEC plus allies including Russia would take "decisions that will set us on the path of...

  • *OPEC signals supply decision for 2020. *High-level U.S.- China trade talks begin Thursday. LONDON, Oct 10- Oil prices rose on Thursday as OPEC indicated that all options were on the table to balance oil markets and that it would take a decision in December on supply for next year.

  • SEOUL, Oct 10- Oil prices eased on Thursday on the expectations that the resumption of U.S.- China talks will not end the trade war between the world's two largest oil consumers, exacerbating anxiety over the global economy and fuel demand. China, the world's biggest oil importer, has lowered expectations of a deal from the talks on Thursday and Friday to head off...