Venezuela could lose the bulk of its oil export revenues this year if the U.S. blockade stays in place, according to internal government estimates, a scenario that would set off a humanitarian crisis.
Tag: Petroleos de Venezuela SA
Venezuela’s ‘Dirty’ Oil and the Environment: Three Things to Know
Most of the reserves in the country are extra-heavy oil that’s tough to extract and generates more greenhouse gases.
Sanctioned Oil Tankers Flee Venezuela in Defiance of U.S. Blockade
The ships are using deceptive tactics as part of a seemingly coordinated attempt to bypass American naval forces in the region.
Rubio Stresses U.S. Plan to Coerce Venezuela Rather Than Govern It
The secretary of state said that a military “quarantine” on some oil exports would stay in place to put pressure on the country’s acting leadership.
U.S. Oil ‘Quarantine’ of Venezuela Will Remain, and Troops Could Land, Rubio Says
Secretary of State Marco Rubio said the Trump administration would work with Venezuela’s acting leader, Delcy Rodríguez, a Maduro ally, to get foreign investment into the oil industry.
Trump’s Claim That Venezuela ‘Stole’ U.S. Oil Fields Sets Off a Nationalist Reaction
President Trump said the United States wanted to reclaim expropriated oil assets, setting off a nationalist reaction in a country where the resource holds a mythical status.
Trump Revised Chevron’s Venezuela Deal. Maduro’s Oil Trader Profited.
A firm controlled by a businessman tied to a seized tanker carrying Venezuelan oil has sold millions of barrels from a Chevron-operated oil field.
Venezuela’s Oil Is a Focus of Trump’s Campaign Against Maduro
In public, the White House says it is confronting Venezuela to curb drug trafficking. Behind the scenes, gaining access to the country’s vast oil reserves is a priority.
Venezuela Oil Tanker Seized by U.S. Was Part of Effort to Finance Cuba
Firms with ties to Cuba are getting a larger share of Venezuelan oil exports, as the island’s security agents boost President Nicolás Maduro’s defenses.
What to Know About Trump’s Seizure of an Oil Tanker Near Venezuela
The tanker was headed eastward and had recently carried Iranian oil. The seizure is an escalation in President Trump’s military pressure campaign against Venezuela’s leader, Nicolás Maduro.