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 ...

1 week ago - Washington is threatening to use its naval forces massed in the Caribbean if Caracas does not heed its demands, including opening up oil fields to U.S. companies. Secretary of State Marco Rubio is also pressuring the interim Venezuelan government to expel foreign advisers from Russia, Cuba, Iran ...

1 week 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.

1 week ago - Oil assets that Russia develops in Venezuela belong to Russia, Moscow said.

1 week ago - Fifteen of the 16 ships that were on the move on Saturday were under US sanctions for hauling Iranian and Russian oil. The Aquila II sent out a signal falsely identifying itself as the Cape Balder and spoofed its coordinates to appear in the Baltic Sea. Built between 2003-4, the vessel is designated as very large at 333 metres long. The Veronica III, Vesna and Aquila II tankers have been identified leaving Venezuelan waters through satellite data

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

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."

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.

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 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.

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.”

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 - The Russian foreign ​ministry has called for deposed Venezuelan President Nicolás Maduro's release and for dialogue between the US and Venezuela. Meanwhile, Russian state-owned oil company Roszarubezhneft sought to draw a line around its oil holdings in Venezuela.

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.”

2 weeks ago - The US blockade of sanctioned oil vessels entering and leaving Venezuela is facing an early test, with Russia reportedly making a formal diplomatic request that Washington end its pursuit of a runaway oil tanker that refused to be boarded by the US Coast Guard.

2 weeks ago - “If our American ‘partners’ gain access to Venezuela’s oilfields, more than half of the world’s oil reserves will end up under their control,” wrote Oleg Deripaska, a powerful Russian billionaire industrialist, on Telegram.

1 week ago - In response to the interceptions, Andrei Klishas, a member of the upper house of Russia's parliament said the US actions were 'outright piracy.' Defense Secretary Pete Hegseth put the world on notice by saying that the blockade of Venezuelan oil is in full effect, and said no ship is safe anywhere in the world.