PdVSA

Exclusive-Venezuela PDVSA sells oil only to companies with individual licenses, sources say

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Exclusive-Venezuela PDVSA sells oil only to companies with individual licenses, sources say

By Arathy Somasekhar and Marianna Parraga HOUSTON, Feb 13 (Reuters) – Venezuela’s state oil company PDVSA has refused to sell oil to companies without individual U.S. licenses for the past two weeks, four sources at the companies that want to buy the goods told Reuters, limiting exports and preventing the country from emptying full storage … Read more

Admin Trump sends tough private message to oil companies in Venezuela

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Admin Trump sends tough private message to oil companies in Venezuela

US oil companies have long hoped to recover the assets that Venezuela’s authoritarian regime wrested from them decades ago. Now, the Trump administration is offering to help them achieve that goal — with one major condition. Administration officials have told oil executives in recent weeks that if they want compensation for their rigs, pipelines and … Read more