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.
Tag: Petroleos de Venezuela SA
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.
What Does the Oil Tanker Seizure Mean for Venezuela’s Economy?
Seizures of more tankers could put a stranglehold on Venezuela’s economy, which is exceptionally dependent on oil to keep the government running and pay for basic necessities.
How Maduro Is Responding to Trump’s Pressure on Venezuela’s Economy
President Nicolás Maduro’s opponents hope a new period of economic pain will finally topple his government. He is using cryptocurrency to hold on.
Chevron Thrives in Venezuela Despite Threats by Trump
Chevron enjoys unusual sway in socialist-led Venezuela, positioning the energy colossus to gain from whatever comes of the crisis between Washington and Caracas.
Venezuela Seeks Arrest of Juan Guaidó, Former Opposition Leader
The attorney general accused Mr. Guaidó, who now lives in the United States, of misusing state funds for his own benefit, which he denied.
US Considers Easing Sanctions on Venezuela as Migration Surges
The Biden administration may allow the last American company producing oil in Venezuela to resume exports if the Maduro government takes steps to restore democracy.