crude oil Archives - Page 4 of 4

ENI negotiates new contracts in Venezuela and expects to increase production at Junín 5

July 31, 2026July 31, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Italian energy company ENI is negotiating new contracts with Venezuela and Petróleos de Venezuela (Pdvsa) to align its operations with the country’s new legal framework for the oil sector. At the same time, the company expects to accelerate development of the Junín 5 project in the Orinoco Oil Belt, Reuters reported. […]

Texas accounts for 43% of Venezuelan oil imports to the U.S.

July 31, 2026July 31, 2026Tatiana Da GamaLeave a Comment

EFE. — Texas has become the leading destination for Venezuelan crude oil entering the U.S. market, receiving 43% of total imports thanks to a refining infrastructure built over decades to process heavy crude grades such as those produced in Venezuela. According to S&P Global Commodity Insights data for June, Texas received 43% of the Venezuelan […]

Indian refineries turn to Venezuelan oil amid Middle East crisis

July 28, 2026July 28, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — As escalating conflicts in the Middle East severely disrupt crude oil flows through the Persian Gulf and the Red Sea, Indian refineries have begun testing Venezuelan crude as a strategic alternative to secure the country’s energy supply, according to a report published by ETEnergyworld.com. An increase in Houthi attacks on commercial […]

U.S. refineries boost Venezuelan crude purchases to highest level in nearly a decade

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — U.S. refineries are increasing their purchases of Venezuelan crude oil, putting imports on track to reach their highest level in nearly a decade, according to a report by Bloomberg. Refineries along the U.S. Gulf Coast have stepped up acquisitions to secure heavy crude supplies as wildfires in Canada threaten logistics and […]

Refineries overtake traders in Venezuelan oil purchases, Reuters reports

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Major refineries and energy companies in the United States, Europe, and Asia are increasing their direct purchases of Venezuelan crude from Petróleos de Venezuela S.A. (PDVSA). According to a Reuters investigation, this strategy is beginning to reduce the role of the large trading houses that dominated the country’s oil exports during […]

Oil production reaches 1.2 million barrels per day

July 14, 2026July 14, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Venezuela’s Acting President Delcy Rodríguez said on Monday that the economic impact of the June 24 earthquakes remained “localized” and stated that the country’s main sources of revenue continue to grow, including oil production, which she said has reached 1.2 million barrels per day. Speaking at a National Economic Council meeting […]