3 h. ago Trump seizes SEVENTH tanker in Caribbean as footage shows special forces on boat after it ‘took oil from Venezuela’

AMERICAN forces have seized a seventh oil tanker linked to Venezuela as President Donald Trump ramps up his campaign to choke off illicit crude exports from the country. US Southern Command said the Motor Vessel Sagitta was boarded and taken under control “without incident” in the Caribbean after operating in defiance of Trump’s quarantine on...

Politics

5 h. ago US forces in Caribbean seize seventh sanctioned oil tanker linked to Venezuela

U.S. forces have boarded and taken control of a seventh oil tanker connected with Venezuela as the Trump administration continues its efforts to take control of the oil in the South American country

Events

5 d. ago Venezuela’s acting president pushes major shift toward foreign oil investment

The move challenges deeply rooted beliefs within her government

Politics

5 d. ago Trump’s first Venezuela oil sale deal goes to megadonor’s company

Senior Vitol trader met US president at White House last week and gave millions to his re-election campaign

Economics

5 d. ago Photos show daily life along Venezuela’s oil coast after Maduro’s capture

Less than two weeks after a U.S. military operation captured former President Nicolás Maduro and his wife, and as his successor, acting President Delcy Rodriguez, announced plans to reform Venezuela’s energy sector, the country’s largest oil refining hub dominates the northwestern coast. Across the Paraguana Peninsula, fishing boats share the water with oil tankers, as daily life stretches from refinery-side coastal communities and salt flats to the sand dunes of Medanos de Coro National Park.

Culture

5 d. ago US forces seize another oil tanker in Carribean Sea – Kristi Noem says has ties to Venezuela

The Veronica marks the sixth tanker seized by US forces as part of the administration of Donald Trump’s drive to control Venezuela’s oil products

Events

5 d. ago Dramatic moment US forces storm oil tanker as Trump plays kingmaker in Venezuela

Video posted on X showed troops rappelling from a helicopter onto the deck of The Veronica in a pre-dawn seizure in the Caribbean on Thursday.

Events

5 d. ago US military seizes Venezuela oil tanker under Trump sanctions

US marines boarded foreign-flagged crude carrier Veronica in a pre-dawn operation backing Trump’s sanctions pushThe US military has seized another oil tanker at sea in support of Donald Trump’s sanctions against Venezuela, military officials announced on Thursday.Veronica, a crude oil tanker that marine records suggest is sailing under a Guyanese flag, was boarded in a pre-dawn action by US marines and sailors, the US Southern Command said in a post on social media. Continue reading...

Events

5 d. ago Why big oil giants may not rush to buy into Donald Trump’s Venezuelan vision

It may well be safer, easier and cheaper for US companies to procure whatever oil the US economy needs at homeThere are a few reasons that Donald Trump – now self-anointed acting President of Venezuela, as well as the United States – might be so excited about appropriating Venezuela’s oil.Trump may be counting on some boost from cheap oil to the US economy: he is obsessed with the price of gas. As the midterm elections approach, he has become concerned about unemployment. Deeply imprinted memories of scarcity during the oil crises of the 1970s may prime his belief that cheap oil cures it all. Continue reading...

Politics

5 d. ago Malaysians joke they could be ‘the next Venezuela’ after US embassy’s admiring post

Jokes abound online after US embassy posts stunning image from space, with Malaysians telling Trump they have ‘no oil... just tiger and crocodile’

Politics

6 d. ago Where are the shadow fleet oil tankers? Vessel seized by US spotted off Scottish coast

Sanctioned oil is transported through international waters using vessels carrying fake flags

Events

7 d. ago Trump live updates: President claims he’s ‘defeated’ inflation and boasts about seizing Venezuela’s oil in Detroit economic speech

President used his speech to increase pressure on the Federal Reserve to lower interest rates

Economics

8 d. ago US plan to exploit Venezuela’s oil could eat up 13% of carbon budget to keep 1.5C limit

Exclusive: ClimatePartner analysis shows how move would risk plunging Earth further into climate catastropheUS plans to exploit Venezuela’s oil reserves could by 2050 consume more than a tenth of the world’s remaining carbon budget to limit global heating to 1.5C, according to an exclusive analysis.The calculation highlights how any moves to further exploit the South American nation’s oil reserves – the largest in the world, at least on paper – would put increasing pressure on climate goals, and risk plunging the Earth further into climate catastrophe. Continue reading...

Politics

9 d. ago Trump threatens to block ExxonMobil from Venezuela after CEO calls country ‘uninvestable’

US president says company is ‘playing too cute’ after CEO responds sceptically to his push for oil investment after deposing Nicolás MaduroDonald Trump has said he might block ExxonMobil from investing in Venezuela after the oil company’s chief executive called the country “uninvestable” during a White House meeting last week.Darren Woods told the US president that Venezuela would need to change its laws before it could be an attractive investment opportunity, during the high-profile meeting on Friday with at least 17 other oil executives. Continue reading...

Politics

9 d. ago Trump 'inclined' to keep ExxonMobil out of Venezuela after CEO response at White House meeting

President Donald Trump says he is “inclined” to keep ExxonMobil out of Venezuela after its top executive was skeptical about oil investment efforts in the country after the toppling of former President Nicolás Maduro

Politics

9 d. ago Trump sets his sights on Cuba as he threatens communist regime to make a deal 'before it is too late'

President Trump sent a clear message to Cuba Sunday morning over the country receiving oil and money following the capture of Venezuela's leader.

Politics

9 d. ago Putin's week of 'humiliation' at the hands of Trump: Experts explain how Russian dictator has been 'put in a corner' by Atlantic ship raid and Maduro capture as US flexes its muscles around the world

Donald Trump has put Vladimir Putin 'in a corner' by taking Venezuela's leader prisoner and storming a Russian oil tanker this week, experts have said. 

Politics

9 d. ago Indian oil refiners see opportunity in Trump’s Venezuela action

Groups including Reliance stand to benefit as they seek low-cost alternative to sanctioned Russian supply

Politics

1 week ago Trump signs order to protect Venezuelan oil revenue in US accounts

The directive states these funds should be used in Venezuela to help create “peace, prosperity and stability”

Politics

1 week ago Why Russia’s economy is unlikely to collapse even if oil prices fall

Hopes that tougher sanctions and lower oil prices could derail Putin’s war effort underestimate how far the Kremlin has rewired its economyPacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil.Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat of falling oil prices, prompted by US plans for control of Venezuela’s rigs, will have been a source of concern. Continue reading...

Economics