6 days ago - Russia's state-owned Roszarubezhneft asserted ownership of all oil assets it is developing in Venezuela, acquired after US sanctions on Rosneft, and committed to their continued sustainable development.

6 days ago - Oil assets that Russia develops in Venezuela belong to Russia, Moscow said.

2 weeks ago - The U.S. seized a Russian-flagged oil tanker that was being shadowed by a Russian submarine on Wednesday, after pursuing it for more than two weeks across the Atlantic as part of Washington's efforts to block Venezuelan oil exports, U.S. officials ...

2 weeks ago - The U.S. seized two oil tankers off the coast of Venezuela last month as part of its blockade of sanctioned oil shipments to and from the country. The Marinera was one of a number of sanctioned oil tankers operating near Venezuela that have ...

2 weeks ago - The tanker, which had been sailing to Venezuela to pick up oil, has claimed Russian protection, although the U.S. authorities say it is a stateless vessel.

2 weeks ago - Lloyd's List is tracking an "acceleration" of Russian-flag tankers involved in the movement of Venezuelan-sanctioned oil.

2 weeks ago - Russia's shadow tankers have been subject to numerous rounds of Western sanctions, but continue to operate in a murky network, transporting Russian oil to its biggest customers, India and China. A satellite image from Nov. 14, 2025, shows the large crude carrier Skipper, which was believed to have been seized on Dec. 10, 2025, off Port Jose, Venezuela.

5 days ago - It now holds stakes in five joint ventures with Venezuela's state oil company PDVSA. The company — owned by a unit of the Russian Ministry of Economic Development — said on Tuesday that the assets were acquired at full market value and approved ...

5 days ago - It holds the second-largest foreign claim to Venezuelan oil sector assets after China's Sinopec, which is entitled to about 2.8 billion barrels, according to data reported by Bloomberg News. Outside the hydrocarbons industry, Ziemer said, "I would not rule out the possibility that the United States would permit, for instance, Russian private companies to continue selling their products in Venezuela or Russian businesses to pursue deals in non-oil or defense-related sectors."

6 days ago - Oil assets that Russia develops in Venezuela belong to Russia, which will continue working there, Moscow said on Tuesday, after U.S. President Donald Trump's claims of control over the South American country.

President Donald Trump himself has said U.S. companies will be able to increase their oil production in Venezuela to compensate for the multi-billion-dollar losses they suffered as a result of earlier nationalization. Russian billionaire Oleg Deripaska has warned that control of Venezuelan oil could allow Washington to dictate international prices—and thus influence the Russian economy.

5 days ago - Russia’s Roszarubezhneft (a state-owned structure that manages Russia’s oil assets in Venezuela) is continuing to fulfill its obligations with its international partners, and it intends to further develop its assets with the Venezuelan side, according to a company statement.

1 day ago - In this context, US control of Venezuelan oil reshapes Chinese energy security discourse from one of diversification and market access to one of hierarchy and exposure to political permission. Russia’s oil interests in Venezuela were largely written down years earlier.

6 days ago - Russia's state-owned company Roszarubezhneft, which manages Russian oil assets in Venezuela, has said that it will not leave the country, despite United States President Donald Trump claiming the US will take control of Venezuela's oil exports.

Venezuela holds one of the world’s largest proven crude oil reserves. However, reserves are not a freight variable. Tanker demand responds to barrels produced, exported, and moved, not to in-ground resource estimates. ... The differing crude quality profiles of Venezuelan heavy sour grades and Russia's Urals blend underscore structural variations in their compatibility with refineries and typical trade routes.

1 week ago - Russian companies became involved in joint oil projects, contributing capital, technology and operational capacity in both crude and gas production. Energy cooperation was part of a broader bilateral relationship, which also encompassed diplomatic support and political coordination in international fora. Hidalgo said that oil is not Moscow's primary incentive in its relationship with Venezuela.

4 days ago - After the imposition of US sanctions, the Venezuelan state oil company PDVSA moved its European office from Lisbon to Moscow in 2019. By the end of that year, the US acknowledged “the increasing dependence of PDVSA and the Venezuelan regime on Russia, the Russian government and Rosneft.”

2 weeks ago - Duration 2:54The United States is tightening its grip on Venezuela’s oil supplies after seizing two more tankers, one of them flying a Russian flag.

2 weeks ago - WASHINGTON, Jan 7 (Reuters) - The U.S. seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one sailing under Russia's flag, as part of President Donald Trump's aggressive push to dictate oil flows in the Americas and ...

2 weeks ago - “There’s been a big benefit for Russia to see Venezuela’s oil industry collapse. And the reason is because they were a competitor on the global stage for that oil market.”