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Keywords: Venezuela oil


PDVSA restricts oil sales to firms without individual US licences amid sanctions uncertainty

Venezuela’s state oil company, Petróleos de Venezuela, S.A. (PDVSA), has limited crude sales over the past two weeks to companies holding individual licences from the United States, curbing exports despite a broader general licence issued by US authorities earlier this year. According to......

Russia pledges oil aid to Cuba amid tourist evacuation

Russia has launched emergency evacuation flights for thousands of its citizens stranded in Cuba after a severe jet fuel shortage disrupted air traffic to and from the Caribbean island. The crisis has left Cuba without stable fuel supplies since December, intensifying economic and humanitarian pressures......

US energy secretary pledges dramatic rise in Venezuela oil output

US Energy Secretary Chris Wright arrived in Caracas on Wednesday for talks with Venezuela’s interim president Delcy Rodríguez, marking the highest level visit by a US energy official to the South American country in nearly three decades. The meeting at the Miraflores presidential palace......

Venezuela ends 20 years of state oil control with new law

Venezuela's National Assembly approved a sweeping overhaul of the country's hydrocarbons law on Thursday, dismantling over two decades of state dominance in the oil sector and opening the door to private investment in the world's largest proven crude reserves. The vote signals a dramatic......

Cuba rejects US talks amid Trump's oil cutoff threat

President Donald Trump has intensified pressure on Cuba by announcing an end to Venezuelan oil and financial flows to the island nation, demanding in a Truth Social post that Havana "make a deal before it's too late." This follows the US capture of Venezuelan President Nicolás Maduro......

Venezuela rejects Trump's claims to control its oil production

Interim Venezuelan President Delcy Rodríguez sharply dismissed President Donald Trump's assertion that Washington would oversee the country's oil output and revenues, accusing the United States of pursuing "energy greed" amid American forces' seizure of a tanker in the Caribbean. Addressing......

Venezuela's $10 billion debt to China hinders Trump's oil plans

President Donald Trump's pledge to seize control of Venezuela's oil reserves faces a significant roadblock: China's substantial financial and energy stakes in the South American nation. These interests create a diplomatic minefield as Trump navigates delicate trade relations with Beijing......

Trump predicts US oil firms operating in Venezuela within 18 months

President Donald Trump announced this week that American oil companies could begin operations in Venezuela within 18 months, as his administration ramps up initiatives to revive the South American nation's battered petroleum industry following the arrest of President Nicolás Maduro over the......

Cuba's oil lifeline jeopardized after 32 officers die in Venezuela

Cuba announced Tuesday the deaths of 32 military officers killed during the U.S. operation in Venezuela that captured President Nicolás Maduro, as the island nation braces for the potential collapse of its primary energy source and deepening economic crisis. The Cuban government released names,......

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