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Mircely Guanipa

Exclusive: Operator of Venezuelan PDVSA's fleet seeks to detain tankers - document, sources

6:28pm BST

German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA's oil tankers to collect on late payments owed to it by the state-run oil company, according to a document seen by Reuters and sources close to the decision.

Venezuelan soldiers oversee fuel rationing in some towns amid shortages

19 May 2019

MARACAIBO/PUNTO FIJO Soldiers oversaw rationing of gasoline at service stations in several parts of Venezuela on Sunday as worsening fuel shortages forced angry drivers to wait for hours to fill their tanks, prompting protests in some areas.

Soldiers oversee fuel rationing in some Venezuelan towns amid shortages

19 May 2019

MARACAIBO/PUNTO FIJO, May 19 Soldiers oversaw rationing of gasoline at service stations in several parts of Venezuela on Sunday as worsening fuel shortages forced angry drivers to wait for hours to fill their tanks, prompting protests in some areas.

UPDATE 2-Gas station lines reappear in Venezuela as refinery halts, fuel imports plunge

17 May 2019

PUNTO FIJO, Venezuela/MEXICO CITY May 16 Gas station lines reappeared across oil-rich but crisis-stricken Venezuela this week as gasoline imports plunged and the country's second-largest oil refinery halted operations.

Venezuela's crude upgraders scale back output as exports dwindle-sources

15 May 2019

PUNTO FIJO, Venezuela/CARACAS Venezuela's crucial oil upgraders have stopped processing heavy crude because a decline in exports due to U.S. sanctions has left the OPEC nation without sufficient storage space, seven sources familiar with the facilities told Reuters.

Venezuela's crude upgraders scale back output as exports dwindle-sources

15 May 2019

PUNTO FIJO, Venezuela/CARACAS, May 15 (Reuters) - V enezuela's crucial oil upgraders have stopped processing heavy crude because a decline in exports due to U.S. sanctions has left the OPEC nation without sufficient storage space, seven sources familiar with the facilities told Reuters.

Two of Venezuela's four crude upgraders still shuttered after blackout: document

04 May 2019

PUNTO FIJO, Venezuela Two of Venezuela's four crucial crude upgraders, needed to convert extra-heavy crude from the Orinoco oil belt into exportable grades, remained shuttered a month after a major blackout, according to a document seen by Reuters on Saturday.

Two of Venezuela's four crude upgraders still shuttered after blackout -document

04 May 2019

PUNTO FIJO, Venezuela, May 4 Two of Venezuela's four crucial crude upgraders, needed to convert extra-heavy crude from the Orinoco oil belt into exportable grades, remained shuttered a month after a major blackout, according to a document seen by Reuters on Saturday.

Venezuela congress allows parallel PDVSA board to negotiate foreign debt

09 Apr 2019

CARACAS/PUNTO FIJO, Venezuela Venezuela's opposition-controlled National Assembly on Tuesday allowed a parallel board of directors of state-run oil company PDVSA to negotiate foreign debt ahead of a looming payment deadline that could put its crown jewel overseas asset, U.S. refiner Citgo, at risk.

Exclusive: Venezuela's PDVSA braces for low output from crucial crude upgraders

04 Apr 2019

PUNTO FIJO/CARACAS Venezuelan state-owned oil company PDVSA expects its crucial crude upgraders to operate well below capacity this month, according to industry sources and documents seen by Reuters, as U.S. sanctions and energy blackouts hit the OPEC nation's oil industry.

World News

India's Modi stuns opposition with huge election win

Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.