54 h. ago Washington completes first sale of Venezuelan oil in US$500 million deal, says US official

The United States has finalised a sale of Venezuelan oil – the first since Washington took control of the sector following the toppling of Nicolas Maduro, a US official told Agence France-Presse on Thursday. According to the official, who did not identify the buyer, the deal is worth US$500 million, and additional sales could take place in the coming days or weeks. “President Trump brokered a historic energy deal with Venezuela, immediately following the arrest of narcoterrorist Nicolas Maduro,...

Economics

60 h. ago US seizes sixth sanctioned tanker as it tightens grip on Venezuela’s oil

US forces in the Caribbean Sea have seized another sanctioned oil tanker that the Trump administration says has ties to Venezuela, part of a broader US effort to take control of the South American country’s oil. The US Coast Guard boarded the tanker, named Veronica, early Thursday, Homeland Security Secretary Kristi Noem wrote on social media. The ship had previously passed through Venezuelan waters and was operating in defiance of US President Donald Trump’s “established quarantine of...

Events

63 h. ago Trump's Venezuelan oil move isn't hypocrisy — it's genius strategy to crush China and Russia

Trump's Venezuelan oil move isn't hypocrisy — it's genius strategy to crush China and Russia  Fox Business

Politics

3 d. ago Venezuelan oil exports to China set to drop as US blockade limits cargoes

Venezuelan oil exports to China set to drop as US blockade limits cargoes  Reuters

Transport

5 d. ago Two Chinese tankers set off to pick up oil from Venezuela, return empty to Beijing

Two Chinese tankers set off to pick up oil from Venezuela, return empty to Beijing  Gazeta Express

Events

5 d. ago 2 supertankers sailing to pick up Venezuelan oil for China make U

Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the US oil embargo on the Opec country have made U-turns and are now heading back to Asia, LSEG shipping data showed on Monday. Following the US announcement last week of a US$2 billion deal to export up to 50 million barrels of Venezuelan oil stuck in storage, US President Donald Trump said China would not be deprived of Venezuela’s crude. But the Asian country, the first market of the...

Events

5 d. ago China Rejects U.S. Oversight of Venezuela Oil, Citing Country's Right to 'Choose Cooperation Partners'

China Rejects U.S. Oversight of Venezuela Oil, Citing Country's Right to 'Choose Cooperation Partners'  Latin Times

Politics

5 d. ago FM responds to Trump's claim that China and Russia can only purchase Venezuelan crude oil under US control

FM responds to Trump's claim that China and Russia can only purchase Venezuelan crude oil under US control  Global Times

Politics

5 d. ago Trump says might keep Exxon out of Venezuela after CEO called it ‘uninvestable’

US President Donald Trump said on Sunday that he might block ExxonMobil from investing in Venezuela after the oil major’s CEO called the country “uninvestable” during a White House meeting last week. Exxon CEO Darren Woods told Trump 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. Trump had urged the group to spend US$100 billion to revitalise Venezuela’s oil...

Politics

5 d. ago Trump says might keep Exxon out of Venezuela after CEO called country ‘uninvestable’

US President Donald Trump said on Sunday that he might block ExxonMobil from investing in Venezuela after the oil major’s CEO called the country “uninvestable” during a White House meeting last week. Exxon CEO Darren Woods told Trump 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. Trump had urged the group to spend US$100 billion to revitalise Venezuela’s oil...

Politics

6 d. ago Cuba defiant after Trump says island to receive no more Venezuelan oil or money

US President Donald Trump on Sunday said no more Venezuelan oil or money will go to Cuba and suggested the Communist-run island should strike a deal with Washington, ramping up pressure on the long-time US nemesis. Venezuela is Cuba’s biggest oil supplier, but no cargoes have departed from Venezuelan ports to the Caribbean country since the capture of Venezuelan President Nicolas Maduro by US forces in early January amid a strict US oil blockade on the Opec country, shipping data shows. “THERE...

Politics

6 d. ago Cuba defiant after Trump threat to cut off ‘oil and money’ lifeline

US President Donald Trump on Sunday said no more Venezuelan oil or money will go to Cuba and suggested the Communist-run island should strike a deal with Washington, ramping up pressure on the long-time US nemesis and provoking defiant words from the island’s leadership. Venezuela is Cuba’s biggest oil supplier, but no cargoes have departed from Venezuelan ports to the Caribbean country since the capture of Venezuelan President Nicolas Maduro by US forces in early January amid a strict US oil...

Politics

7 d. ago Trump declares US national emergency to protect Venezuela oil money

US President Donald Trump has signed an executive order protecting US-held money derived from sales of Venezuelan oil, after the ousting of Nicolas Maduro, the White House said. In an order signed on Friday, Trump – who has made clear that tapping Venezuela’s vast oil reserves was a key goal in the US ousting of Maduro – is acting “to advance US foreign policy objectives”, the White House said in a fact sheet accompanying the order. The action follows a meeting Friday in Washington where Trump...

Politics

8 d. ago Watch IEA's Fmr. Oil Head: China Doesn't Need Venezuelan Oil

Watch IEA's Fmr. Oil Head: China Doesn't Need Venezuelan Oil  Bloomberg.com

Politics

8 d. ago Trump will have to deal with Beijing’s stakes in Venezuelan oil

Trump will have to deal with Beijing’s stakes in Venezuelan oil  European Interest

Politics

8 d. ago Trump has a China problem in Venezuela: Beijing's oil stakes

Trump has a China problem in Venezuela: Beijing's oil stakes  1News

Politics

8 d. ago Venezuela’s Oil, China’s Money: Is Beijing the Real Loser After Maduro's Capture?

Venezuela’s Oil, China’s Money: Is Beijing the Real Loser After Maduro's Capture?  Asianet Newsable

Politics

8 d. ago Trump ‘cancelled’ second attacks on Venezuela after prisoner release, eyes oil investments

US President Donald Trump said on Friday he called off a second wave of attacks on Venezuela after the government, whose leftist president was removed by Washington, began releasing prisoners. Trump made the comments as he prepared to meet major oil corporations that he said will invest at least US$100 billion in Venezuela, which has the world’s largest oil reserves. Trump was implicitly making clear he is ready again to use force to get his way in Venezuela, which he has vowed to force to...

Events

8 d. ago US seizes tanker near Trinidad amid Venezuelan oil crackdown

The US is in the process of seizing the Olina tanker in the Caribbean near Trinidad in the fifth such interdiction of ships in recent weeks as part of Washington’s efforts to control Venezuelan oil exports, two US officials said on Friday. The Olina, which according to public shipping database Equasis was falsely flying the flag of East Timor, had previously sailed from Venezuela and had returned to the region, said an industry source with direct knowledge of the matter. “The vessel’s AIS...

Events

8 d. ago US seizes fifth tanker as Trump escalates bid to control Venezuela’s oil

The US took control of its fifth oil vessel in recent weeks on Friday in the latest move tied to the Donald Trump administration’s effort to control Venezuelan oil exports. In an early morning operation, a joint US Coast Guard and Navy team launched from the carrier USS Gerald R Ford apprehended the tanker Olina in the Caribbean Sea “without incident”, according to a social media post from the US Southern Command. “The Department of War’s Operation Southern Spear is unwavering in its mission to...

Politics