Tuesday, March 4, 2025
Venezuela's PDVSA, in default, says total debt remained unchanged in 2019- oil and gas 360

Venezuela’s PDVSA, in default, says total debt remained unchanged in 2019

Reuters CARACAS – Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in default on its bonds as sanctions freeze it out of the global banking system. PDVSA, which is short for Petroleos de Venezuela S.A., has stopped paying interest on most its

Oil traders made billions in 2019 as conflict shook the market- oil and gas 360

Oil traders made billions in 2019 as conflict shook the market

Houston Chronicle The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages, dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market. The bonanza extended beyond the independent traders like Vitol Group and Trafigura Group Ltd. to the in-house units of oil giants Royal Dutch Shell Total