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06.04.26 - 17:06
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Reliance Industries unit loading 2 million barrels of Venezuelan crude oil: Report (Times of India)
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Reliance Industries has begun loading a significant shipment of Venezuelan crude. This oil was directly purchased from Venezuela's state-run oil firm, PDVSA. Reliance secured a US general license in February 2026, permitting such direct purchases. This move allows Reliance to diversify its crude sources and potentially replace some Russian supplies with discounted Venezuelan heavy oil....
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02.04.26 - 15:30
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′Ready to be exploited′: amid rust, weeds and power cuts, Venezuelans hope for a new oil boom (The Guardian)
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The infrastructure is crumbling and the government shaky, but memories exist of an industry that once thrived off Venezuela's vast reserves of crude – and could do again, despite the climate crisisAt Campo Boscán, a vast complex in western Venezuela, the drills, pumps and pipelines that extract crude oil operate amid decay: roads are broken, weeds grow everywhere and many wells run inside metal cages to prevent theft. Albenis Merchán, a drilling technician with 35 years' experience, recalls better times as he drives his pickup through the desolate landscape.“We used to receive maintenance and safety training all the time. Supplies and spare parts were never lacking. Many things need to improve here to tap the full potential of this area,” he says. Continue reading......
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30.03.26 - 07:06
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So wie in Venezuela: Trump will sich "das Öl im Iran nehmen" (N-TV)
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Trumps öffentlich ausgegebene Ziele im Iran-Krieg ändern sich regelmäßig. Mal spricht er von Regimechange, dann vom iranischen Atomprogramm. Doch in guter US-Tradition nennt er nun noch einen weiteren Grund: Der Präsident hat ein Auge aufs iranische Öl geworfen....
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25.03.26 - 16:00
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WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019 (ZeroHedge)
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WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019
Oil prices remain lower this morning, following the US proposal for a ceasefire with Iran, but off the lows following Iran's rejection.
“From the Iranian perspective, Trump's actions this week have demonstrated that the US can be pressured when Iran threatens further escalation,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management.
Futures had already pared losses as Tehran fired a new wave of missiles at Israel, and signaled little willingness to compromise. Iran's armed forces added to a stream of messaging that ruled out ceasefire talks, according to state-run IRIB News. They added that they wouldn't allow oil prices to return to their previous levels until all threats against the country were removed.
Overnight saw API report a modest rise in crude and refined product inventories and while oil prices are really more attuned to the geopolitical headlines currently,...
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18.03.26 - 23:18
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USA erlauben Ölgeschäfte mit Venezuelas Staatskonzern (DPA-AFX)
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WASHINGTON/CARACAS (dpa-AFX) - Die USA lockern ihre Sanktionen gegen den venezolanischen Ölsektor und erlauben umfangreiche Geschäfte mit dem Staatskonzern PdVSA. Alle Transaktionen seien unter bestimmten Bedingungen erlaubt, teilte das US-Finanzministerium ......
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