Venezuela

Panama says it cancelled flag of US-seized oil tanker a year ago

[PANAMA CITY] Panama’s maritime authority on Thursday said it had cancelled in January of last year the flag of the M Sophia, a Venezuela-linked oil tanker seized by the US military this week.

“We’re going to be using oil, and we’re going to be taking oil. We’re getting oil prices down, and we’re going to be giving money to Venezuela, which they desperately need,”says Trump.

Trump says US oversight of Venezuela could last years

[WASHINGTON] The United States could oversee Venezuela and control its oil revenue for years, President Donald Trump said in an interview published on Thursday (Jan 8).

Senior Minister Lee Hsien Loong with Professor Chan Heng Chee, chair of the Iseas-Yusof Ishak Institute’s board of trustees, at the dialogue on Thursday (Jan 8).

US raid in Venezuela is worrying for small countries: SM Lee

Washington is more willing to act unilaterally when it sees that its national interests require this, he says

US oil executives are expected to press President Trump on providing strong legal and financial guarantees before they agree to commit capital to Venezuela, FT said.

US oil companies say they need guarantees to invest in Venezuela: FT

US OIL companies want “serious guarantees” from Washington before they make large investments in Venezuela, as President Donald Trump urges them to back his bid to reshape energy markets, the Financia...

The Cardon oil refinery in Punto Fijo, Venezuela. The country sits atop the world’s largest proven oil reserves, with an estimated 303 billion barrels.

Venezuelan crude: The prize beneath the chaos

As Trump pivots from hunting narcoterrorists to promising oil profits, the fate of the broken Latin American nation is being rewritten

Chevron is the only US oil major operating in Venezuela, which it does under an authorisation from the US government that exempts it from sanctions on the country.

Chevron in talks with US government for expanded Venezuela license: sources

Washington also wants other US companies to be involved in oil exports from the country

China imported 389,000 barrels per day of Venezuelan oil in 2025.

Chinese refiners expected to replace Venezuelan oil with Iranian crude

Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels

An image posted by President Donald Trump on his Truth Social account shows what he says is President Nicolas Maduro of Venezuela, blindfolded and handcuffed, on board the USS Iwo Jima on Jan. 3.

Maduro’s Nike tech sweatsuit was bound to become a meme

After Trump shared an unverified photo of Maduro in US custody, online chatter fixated on his clothes

The oil will be sold at market price, said Trump in a social media post.

Trump says Venezuela to send US up to 50 million barrels of oil

The oil is worth about US$2.8 billion at current market prices, with the proceeds benefiting both countries

The US is also demanding that Venezuela, led by interim leader Delcy Rodriguez (pictured), reduce its relationships with China, Russia, Iran and Cuba, ABC reported.

US tells Venezuela to cut ties with China and Russia, ABC says

Any move to cut ties would represent a full political realignment for the country