Venezuela-U.S. Talks: A New Direction in Crude Oil Trade

Venezuela's PDVSA says oil supply negotiations with US progressing

Jan 7 - Venezuela's state-run oil company PDVSA said on Wednesday it is progressing in negotiations with the United States for oil sales, as a board member for the company told Reuters the U.S. will need to buy cargoes at international prices.  Read more at straitstimes.com.

Energy Secretary Signals Path To Expanded Venezuelan Oil Output

U.S. Energy Secretary Chris Wright said the Trump administration is working with Venezuelan officials and U.S. oil companies to create conditions for expanded oil production, signaling a possible shift after Washington imposed a full blockade on Venezuelan exports. Speaking at a Goldman Sachs energy conference, Wright said progress with Venezuela’s interim government could allow the import of equipment and services needed to stabilize output and…

Venezuela's state-run oil company says it is negotiating with the U.S. to sell crude oil

Venezuela's state oil company said it is negotiating with U.S. officials over an oil sale to the United States. But the deal does not appear to be finalized.

Venezuela-U.S. Talks: A New Direction in Crude Oil Trade

Officials from Venezuela and the U.S. are in discussions over exporting Venezuelan crude to American refiners. This potential deal, reported by multiple sources, could shift supplies from China and prevent further production cuts by PDVSA, while Chevron continues to transport Venezuelan oil under U.S. authorization.