President Donald Trump is set to meet with five Caribbean leaders on March 22 who have sided with the United States and most Western countries in backing Venezuelan opposition leader Juan Guaido as head of state.
Other disruptions, including bottlenecks in Canada, squeeze global supply of heavy crude.
Russia and China are now the focus of Venezuela’s exports, PDVSA’s president is reported to say.
Oil prices were near 2019 highs on March 19, supported by supply cuts led by producer club OPEC.
BHP Group Ltd. has stepped up exploration drilling in deepwater off Trinidad and Tobago hunting for gas which could supply the country’s Atlantic LNG plant in the 2020s, a senior executive said.
Country plans to award up to $1.8 billion in contracts by September.
Secretary of State had urged India not to help Maduro's government by buying Venezuelan oil.
Few reasons given for how the blackout occurred and how long it will last.
Colombia's government signed two exploration and production contracts with Shell that will require the company to make initial investments of $100 million.
The Mexican government faces a one-in-three chance of having its credit rating downgraded over the coming year, as public finances struggle with mounting liabilities and slowing growth, rating agency Standard & Poor's said.
