South America

Saudi's SABIC sells assets in Europe, Americas worth $950 MM

India's Reliance Industries will consider buying Venezuelan oil

Caracas and Washington have reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States after U.S. forces captured President Nicolas Maduro on January 3.

U.S. refiners to benefit from Venezuelan crude oil imports

Chinese refiners expected to replace Venezuelan oil with Iranian crude

Caracas and Washington agreed to export up to $2 B worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend.

Phillips 66 says two U.S. Gulf Coast refineries can process Venezuelan crude

Hungary's Orban says U.S. intervention in Venezuela good for energy markets

U.S. President Donald Trump, Orban's ally, who has exempted Hungary from U.S. sanctions on Russian energy for the 2026 Hungarian election year, has made clear that he wants to share in Venezuela's oil riches.

Opinion: U.S. oil refiners win, Chinese rivals lose in Trump’s Venezuela strike

Speaking on Saturday after announcing Maduro’s arrest on Truth Social, Trump said he would maintain the U.S. embargo on exports of sanctioned Venezuelan crude oil for now, but also stated that the U.S. would run Venezuela "for a period of time," suggesting U.S. restrictions could be lifted very soon.

Trump administration (U.S.) sets meetings with oil companies over Venezuela

The administration of President Donald Trump is planning to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan oil production after U.S. forces ousted its leader Nicolas Maduro, according to a source familiar with the matter.

Peru opens state-owned Petroperu to private investment after reorganization

Residual fuel fills Venezuela's storage tanks as exports cut to minimum

Most ships bound for Venezuelan ports for December and early January cargo deliveries have made U-turns, as the blockade spooks even vessels not under sanctions.