Venezuela

Brent crude futures settled at US$59.68 a barrel, rising 76 cents, or 1.3 per cent on Wednesday.

Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns 

[NEW YORK] Oil prices rallied by more than 1 per cent on Wednesday after US President Donald Trump ordered a blockade of all oil tankers under sanctions entering and leaving Venezuela, raising global ...

US crude futures climbed over 1 per cent to US$55.96 a barrel in Asian trading after Trump ordered a blockade on sanctioned oil tankers leaving or entering Venezuela.

Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela

[WASHINGTON] US President Donald Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, a move set to sharply escalate tensions between Washington and Caraca...

The Ionic, a sanctioned oil tanker recently seized by the US off the coast of Venezuela.

Oil jumps 2% as Trump’s Venezuela blockade stokes uncertainty

While many ships lifting Venezuelan oil are sanctioned, others moving crude from Iran and Russia are not

The seizure is the first known action against an oil tanker since President Trump ordered a large US military build-up in the region and carried out strikes against suspected drug vessels.

US seizes oil tanker off coast of Venezuela, Trump says

[WASHINGTON] The US has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, ratcheting up tensions with Caracas in a move that also raised oil prices.

US sanctions on Venezuela are accelerating the Latin American country's geopolitical realignment away from Washington.

The hemispheric toll of the US-Venezuela crisis

Washington’s economic pressure has entrenched the autocratic regime and exported the costs

A senior US State Department official said in a statement they could not speak about any specific licenses to PDVSA’s partners, but added the United States would not allow President Nicolas Maduro’s government to profit from the sale of oil.

US prepares to allow limited oil operations in Venezuela, starting with Chevron, sources say

[HOUSTON] The United States is preparing to grant new authorisations to key partners of Venezuela’s state-run PDVSA, starting with Chevron, to allow them to operate with limitations in the sanctioned ...

Drilling rigs at an oil well operated by Venezuela's state oil company PDVSA. Trump is imposing the move because Venezuela has sent “tens of thousands” of people to the US who have a “very violent nature.”

Trump to impose 25% tariff on countries that buy oil, gas from Venezuela

This “secondary tariff” will take effect on April 2, says Trump in a Truth Social post

Tax and royalty payments resulting from Chevron‘s license have provided a steady source of revenue to President Nicolas Maduro’s administration since early 2023, a source familiar with Venezuela’s oil industry said.

Trump axes Chevron‘s Venezuela oil license, citing lack of electoral reforms

US PRESIDENT Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro ...