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Keywords: Venezuela oil


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,......

Markets shrug off Venezuela intervention despite oil transfer

Financial markets have shown a surprisingly muted response to the U.S. military intervention in Venezuela and President Donald Trump's announcement that the country will transfer up to 50 million barrels of oil under American control. Some analysts warn investors may be underestimating the geopolitical......

Trump announces Venezuelan oil transfer of up to 50 million barrels to US

President Donald Trump announced on Monday that Venezuela’s interim authorities will transfer between 30 and 50 million barrels of oil to the United States, to be sold at market prices with the proceeds controlled by Trump for the benefit of both nations. The move comes just days after a US military......

Maduro pleads not guilty after deadly US raid in Venezuela

Nicolás Maduro has pleaded not guilty to narcoterrorism charges in a federal court in Manhattan after a United States special forces raid in Venezuela left at least 80 people dead and triggered widespread international condemnation. The Venezuelan president, captured along with his wife Cilia......

Oil markets shrug off Venezuela raid amid supply glut

Oil prices dipped Monday despite the U.S. military operation that nabbed Venezuelan President Nicolás Maduro over the weekend, as traders weighed potential supply hits against a global market already awash in crude. Brent futures slid 0.6 percent to $60.38 per barrel, West Texas Intermediate easing......

Trump demands full access to Venezuela's oil reserves

President Donald Trump declared Sunday evening that the United States holds control over Venezuela and demanded "full access" to the country's vast oil reserves following a military operation capturing President Nicolás Maduro, heightening tensions over Washington's role in the......

Trump warns Venezuela of second strike if cooperation fails

Oil prices dipped slightly on Monday as President Donald Trump threatened another military operation against Venezuela while his administration tightened a petroleum embargo aimed at forcing sweeping changes in the South American nation. Brent crude fell 1.4 percent to settle at $59.91 per barrel, with......

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