Author: bitcointalk

This author has written 7781 articles

Venezuela Could Boost Oil Output If US Sanctions Are Eased | ZeroHedge

Authored by Charles Kennedy via OilPrice.com,

  • U.S. sanctions have crippled Venezuela’s crude oil production and exports.

  • Last year, Venezuelan crude oil production hit a 50-year low of around 700,000 barrels per day.

  • Analysts: If the Biden Administration further eases the sanctions and allows other Western oil companies to operate in Venezuela, the South American country could ramp up its production by around 200,000 bpd and reach about 1 million bpd in crude (more…)

Continue ReadingVenezuela Could Boost Oil Output If US Sanctions Are Eased | ZeroHedge

Chevron Evacuates Gulf Of Mexico Oil Platforms As Hurricane Idalia Approaches | ZeroHedge

By Charles Kennedy of Oilprice.com

Chevron has evacuated three oil and gas platforms in the Gulf of Mexico ahead of tropical storm Idalia which is strengthening to a hurricane and expected to make landfall in Florida on Wednesday.

The U.S. supermajor said on Tuesday that it had evacuated non-essential personnel from its Blind Faith and Petronius platforms, and all staff had been removed from its Genesis platform in the Gulf of Mexico.

Oil and gas production continued on (more…)

Continue ReadingChevron Evacuates Gulf Of Mexico Oil Platforms As Hurricane Idalia Approaches | ZeroHedge