Page 27 - Pdvsa News Today

A day after a New York court ruling that Venezuelan law would determine the validity of bonds issued by state-run PDVSA oil company, Bloomberg reports that bonds have “collapsed”

Bonds from state-owned Petroleos de Venezuela SA collapsed after New York States top court ruled Venezuelan law will determine whether the debt is valid.

The brokerage raised RILs EBITDA estimates for FY24 and FY25 by 2% and 1%, respectively.

China has limited its involvement in crises in Venezuela, preferring to secure its economic interests and avoid reputational cost.

Powers like Iran, China, and Russia would be gaining a strong foothold in Venezuela, with the worlds largest oil reserves.

2023 was a tumultuous year for South America’s oil industry, with political shifts, economic crises, environmental concerns, and record production levels

Oil spill threatens Caribbean tourism, Trinidad and Tobago mobilise response efforts as they grapple with tourism fallout  and environmental concerns mount | Travel

Despite Venezuela’s objections, Exxon said it would carry on with its drilling in Essequibo in Guyana’s Stabroek block.

SCARBOROUGH, Tobago (Reuters) -Nine days after a slick was first spotted by Trinidad and Tobago's Coast Guard, an oil leak from a capsized barge remains unplugged, according to first responders and authorities, prompting nations across the Caribbean to coordinate a response.

The U.S. Department of Treasury's Office of Foreign Assets Control ("OFAC") last week issued updated guidance for various U.S. sanctions programs.