Tue, 21-Oct-2025

After two-year hiatus, Venezuelan oil supplies to Europe are due to restart

Venezuelan

Eni’s tanker was chartered by Italy’s Eni to load 650,000 barrels of Venezuelan crude. It will be the first export of crude from Venezuela to Europe in two years. The cargo is expected to be delivered by Venezuela’s state-owned PDVSA later this month. A 650,000-barrel-freight of Venezuela’s oil contracted by Italy’s Eni (ENI.MI) is going … Read more

Two corporations will be allowed to ship Venezuelan oil to Europe by US

Venezuelan oil

Oil-for-debt swaps halted two years ago when Washington stepped-up sanctions. The volume of oil Eni and Repsol are expected to receive is not large. Washington’s green light to resume Venezuela’s long-frozen oil flows to Europe could provide a symbolic boost for Venezuela. The U.S. State Department gave the sign of approval for the two organizations … Read more