Venezuela's oil exports climb to four-year high in August [Yahoo! Finance]
REPSOL SA SP/ADR (REPYY)
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Source: Yahoo! Finance
years, according to shipping data, fueled by expanded shipments to China, the U.S. and Europe as the risk of fresh U.S. sanctions grew amid an electoral dispute. The U.S. Treasury Department last year granted a broad license allowing Venezuela to freely export its oil, easing sanctions imposed by the Trump administration since 2019. The authorization was not renewed in April, but individual energy licenses have been issued since. State oil company PDVSA and joint ventures with U.S. oil firm Chevron and Spain's Repsol exported an average of almost 885,000 barrels per day (bpd) of crude and fuel in August, data based on tanker movements showed. That was 50% above the previous month and 62% more than in the same month of 2023, according to the data. A dispute over Venezuela's July presidential election has driven the OPEC-member country to another political crisis, with incumbent President Nicolas Maduro and opposition leader Edmundo Gonzalez claiming victory. Washington has th
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News
- Spain Shelves Energy Windfall Tax, Plans to Extend Bank Levy to 2027 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Repsol, S.A. reports Q3 results [Seeking Alpha]Seeking Alpha
- Repsol Halts Green Hydrogen Projects in Spain Amid Policy Changes [Yahoo! Finance]Yahoo! Finance
- Baker Hughes, Repsol Collaborate on Next-Gen AI for Oil Efficiency [Yahoo! Finance]Yahoo! Finance
- Repsol, S.A. (OTCMKTS: REPYY) was downgraded by analysts at BNP Paribas from a "strong-buy" rating to a "hold" rating.MarketBeat