Venezuela

Fracas in Caracas: redrawing the lines

As the US’ advances in Venezuela move us away from rules-based geopolitics, where does the world order stand?

The US is set to import the most Venezuelan oil in a year after the Trump administration moved to control the country’s energy supply.

Trump welcomes China, India investment in Venezuela oil

Venezuela will allow greater ownership for foreign oil companies

Chevron is currently the only major US producer that still operates in Venezuela.

ExxonMobil, Chevron clock best month since 2022 as crude surges

The robust moves come alongside an upswing in oil prices and a broader rally

The Puerto La Cruz oil refinery of Venezuelan state oil company PDVSA. To the US, the decision to park the proceeds in Qatar is justified on the grounds of the Gulf state's neutral location.
THINKING ALOUD

Why US parks Venezuelan oil money in a Qatar bank account

The move ensures that Venezuela doesn’t wriggle out of the US dollar zone

Chevron’s shipments are all bound for US refiners, including Valero Energy and Phillips 66.

Chevron amasses largest fleet in almost a year to ship Venezuelan oil

The US has also enlisted traders Trafigura Group and Vitol Group to help sell as much as 50 million barrels of oil

A structure near the headquarters of Venezuela's state-run oil company PDVSA in Caracas. Vitol and Trafigura have been granted contracts to sell 30 million to 50 million barrels of Venezuelan oil.

Vitol and Trafigura – traders at the heart of Trump’s Venezuela oil grab

The companies’ special licences to ship still-sanctioned barrels have given them a head start in a potentially lucrative trade

The US military’s Southern Command, which is overseeing nearly a dozen warships and thousands of troops in the Caribbean, said in a statement it apprehended the vessel Sagitta “without incident.”

US military seizes another Venezuela-linked tanker in the Caribbean

[WASHINGTON] The US military said it seized a Venezuela-linked tanker on Tuesday in the Caribbean, marking the seventh such apprehension since the start of US President Donald Trump’s month-long campa...

US President Donald Trump made his comments in response to a question from a reporter who alleged Venezuela had tampered with the 2020 presidential election, which Trump lost.

Trump says he is not interested in speaking with Maduro in prison

[WASHINGTON] US President Donald Trump on Tuesday said he had no interest in speaking with Venezuelan President Nicolas Maduro, who is sitting in a US jail after his capture by US forces earlier in Ja...

Venezuela's Interim president Delcy Rodriguez told lawmakers last week that the government supported changes to the hydrocarbons law to boost foreign investment.

Venezuela has received US$300 million in funds from oil sales, acting president says

VENEZUELA’S interim president Delcy Rodriguez said on Tuesday that the country has received US$300 million from oil sales, the first proceeds from US President Donald Trump’s announced 50-million-barr...

Global oil firms offer to keep PDVSA as majority owner in exchange for control over exports and production.

International oil companies push for quick reforms in Venezuela to give them control over oil exports

The companies are also seeking to remove extra taxes introduced by the government