Venezuela

Venezuela says it will move at ‘Trump speed’ to unlock mineral wealth

The country’s vast mineral reserves could support a US bid to reduce its dependence on China

US federal prosecutors have put together possible corruption and money laundering charges, and have communicated to Delcy Rodriguez that she is at risk of prosecution unless she continues to comply with President Trump’s demands.

US turns up heat on Venezuela with threat to indict new leader Delcy Rodriguez

Rodriguez is facing this threat just two months after taking power

Nicolas Maduro (left) and his wife Cilia Flores were both forcibly removed from Venezuela by US forces in January.

Maduro seeks to toss US charges over blocked fees to lawyer

OUSTED Venezuelan leader Nicolas Maduro asked a federal judge to dismiss drug-trafficking charges against him, claiming the US is blocking funds for his legal defence from the Venezuelan government.

The global oil market was jolted in January when US forces swooped into Venezuela, seized former President Nicolas Maduro.

China has bought some Venezuelan oil from the US, Chris Wright says

In Asia, several Indian refiners have bought Venezuela’s flagship Merey crude following the US action

Supporters of Venezuela's ousted leader Nicolas Maduro during a rally in Caracas on Feb 3. The US operation in Venezuela creates cognitive dissonance.

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