Page 13 - Pdvsa News Today

Venezuela is accelerating the shift of its oil sales to Tether as the country prepares for the reimposition of oil sanctions. Reuters reported on Monday that…

With Venezuelan oil sanctions set to be reimposed and state-run PDVSA oil company buyers and suppliers under orders to close out transactions in line with sanctions by the end of May, the country is now working to shift its oil sales to digital currency

While the global oil market predominantly operates in US dollars, PDVSA's move towards digital currencies signifies a departure from traditional payment methods.

HOUSTON/CARACAS (Reuters) -Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country, three people familiar with the plan said. The U.S. Treasury Department last week gave PDVSA's customers and providers until May 31 to wind down transactions under a general license it did not renew due to a lack of electoral reforms. The move will make it more difficult for the country to increase...

By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) - Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country, three people famil...

By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) - Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country, three people famil...

Iran’s Foreign Ministry spokesman has censured as a violation of human rights and international law the US administration’s re-imposition of oil-related sanctions against Venezuela.

Indias oil-for-dividends deal with Venezuela faces uncertainty due to impending US sanctions, leaving ONGC Videsh Ltd seeking new solutions for oil supply. OVL is strategizing to secure crude oil amid concerns over production capacity and delivery delays.

Welcome to 10 For 10, the podcast that brings you the week’s top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, brings to you, the compliance...

MIAMI (AP): The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months after the US eased restrictions in a bid to support now fading...