Venezuela suspends exports of various metals
According to NorthStandard P&I Club, Venezuelan Mining Corporation (CVM) has announced the immediate suspension of the commercialisation and exportation of a wide range of minerals.
Read moreAccording to NorthStandard P&I Club, Venezuelan Mining Corporation (CVM) has announced the immediate suspension of the commercialisation and exportation of a wide range of minerals.
Read moreThe US Office of Foreign Assets Control has issued a new authorization that allows certain transactions involving the exportation or reexportation of liquefied petroleum gas to Venezuela until July 8, 2025.
Read moreVenezuela's state oil company, PDVSA, has started using tankers that operate off radar to supply oil to Cuba, a crucial political ally, Reuters reports.
Read moreAccording to Shipowner's P&I Club, the International Group of P&I Clubs has issued a circular advised to conclude all carriage of Venezuelan oil cargoes by 31 May 2024.
Read moreAccording to the US Government, General License 44, which authorizes transactions related to oil or gas sector operations in Venezuela, expired on April 18.
Read moreThe United States issued General License 44 to provide relief to Venezuela's oil and gas sector, but warns it will not be renewed after April 18, 2024, if there is no progress on allowing all presidential candidates to compete in the Venezuelan elections.
Read moreOn January 18, Venezuelan Vice-President Delcy Rodriguez met with the Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, in London.
Read moreAs Reuters reports, Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance (RELI.NS) set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country, people familiar with the matter said.
Read moreAll Clubs in the International Group have issued a similarly worded circular, in which highlight that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela.
Read moreAccording to Reuters, while traders said the Israel-Hamas war did not seem to pose a short-term danger to oil supply, anticipation that the U.S. and Venezuela would soon achieve a deal relaxing restrictions on Venezuelan crude exports caused oil futures to fall more than $1 a barrel.
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