Venezuela

Venezuela's questionable oil reserve figures give Trump a talking point

South American nation's claim that it sits atop more than 300 billion barrels, 17 per cent of the world's total and surpassing even Saudi Arabia, has long been questioned by some industry experts

Hindustan Petroleum likely to consider processing Venezuela crude oil

Refiner was unable to do so earlier due to the crude's high acidic nature

US forces seize seventh sanctioned oil tanker linked to Venezuela

US military forces boarded and took control of a seventh oil tanker connected with Venezuela on Tuesday as the Trump administration continues its efforts to take control of the South American country's oil. US Southern Command said in a social media post that US forces apprehended the Motor Vessel Sagitta without incident and that the tanker was operating in defiance of President Donald Trump's "established quarantine of sanctioned vessels in the Caribbean. The military command did not say whether the US Coast Guard took control of the tanker as has been the case in prior seizures. The Pentagon did not immediately respond to questions for more details. The Sagitta is a Liberian-flagged tanker and its registration says it is owned and managed by a company in Hong Kong. The ship last transmitted its location more than two months ago when exiting the Baltic Sea in northern Europe. The tanker was sanctioned by the US Treasury Department under an executive order related to Russia's ...

MRPL explores buying Venezuelan oil as it halts Russian crude imports

The US in October sanctioned Russia's two largest oil producers - Rosneft and Lukoil - giving companies until November 21 to wind down dealings with them

US to get 50 mn barrels of oil worth $5.2 billion from Venezuela: Trump

After Maduro's capture, Trump had made it clear that Washington would "run" Venezuela during a transition and needs "total access... to the oil and to other things in their country"

FAA warns pilots of risks over eastern Pacific, citing 'military activity'

The Federal Aviation Administration has urged US aircraft operators to exercise caution when flying over the eastern Pacific Ocean near Mexico, Central America and parts of South America, citing military activities and satellite navigation interference. The warning was issued in a series of Notices to Airmen (NOTAMs) issued by the FAA on Friday. They say, Potential risks exist for aircraft at all altitudes, including during overflight and the arrival and departure phases of flight. Such notices are issued routinely in any region where there are hostilities nearby. The notices come after nearly four months of US military strikes against boats in the Caribbean Sea and the eastern Pacific that the US alleged were trafficking drugs. After 35 known strikes that killed at least 115 people, according to the Trump administration, the US conducted a large-scale strike against Venezuela. President Nicolas Maduro and his wife, Cilia Flores, were seized and transported to New York, where they

First flight with 231 deported Venezuelans from US lands in Caracas

A flight with 231 Venezuelan migrants deported from the US city of Phoenix arrived Friday to their home country, nearly two weeks after the United States captured former President Nicols Maduro and took him to New York to face drug trafficking charges. The Eastern Airlines plane arrived at an airport outside the capital, Caracas, marking the resumption of flights after Washington according to Venezuelan officials unilaterally suspended direct deportation air transfers in mid-December. The previous direct flight from the US was on December 10. Return flights for deported migrants had been regularised since late March as part of the transfers agreed upon by both governments. The transfers were successively affected amid heightened tensions since US military forces began to execute a series of deadly attacks against boats suspected of smuggling drugs in international waters of the Caribbean and Pacific Ocean, including several vessels that they claim departed from Venezuela. Maduro

Crude scenario: Indian refiners to benefit if Iran oil opens for trade

If US and UN sanctions ease, Iranian crude could return to Indian refineries, offering a cost-effective alternative as Russian oil flows shrink

US seizes 6th sanctioned oil tanker as pressure on Venezuela mounts

US forces in the Caribbean Sea have seized another sanctioned oil tanker that the Trump administration says has ties to Venezuela, part of a broader US effort to take control of the South American country's oil. The US Coast Guard boarded the tanker, named Veronica, early Thursday, Homeland Security Secretary Kristi Noem wrote on social media. The ship had previously passed through Venezuelan waters and was operating in defiance of President Donald Trump's "established quarantine of sanctioned vessels in the Caribbean, she said. US Southern Command said Marines and sailors launched from the aircraft carrier USS Gerald R. Ford to take part in the operation alongside a Coast Guard tactical team, which Noem said conducted the boarding as in previous raids. The military said the ship was seized without incident. Several US government social media accounts posted brief videos that appeared to show various parts of the ship's capture. Black-and-white footage showed at least four helicopte

Venezuela's acting president urges oil reforms to woo foreign investment

Venezuela's acting President Delcy Rodrguez used her first state of the union message on Thursday to advocate for opening the crucial state-run oil industry to more foreign investment following the Trump administration's pledge to seize control of Venezuelan crude sales. For the first time, Rodrguez laid out a vision for Venezuela's new political reality one that challenges her government's most deeply rooted beliefs less than two weeks after the United States captured and toppled former President Nicols Maduro. Under pressure from the US to cooperate with its plans for reshaping Venezuela's sanctioned oil industry, she declared that a new policy is being formed in Venezuela and urged the nation's diplomats to tell foreign investors about it. The Trump administration has said it plans to control future oil revenue to ensure it benefits the Venezuelan people. Rodrguez on Thursday painted a picture of money from the oil sales flowing into the national budget to bolster crisis-stricke

Trump to keep Machado's Nobel peace prize, laureate title to stay with her

US President Donald Trump will keep the Nobel Peace Prize offered by Venezuelan opposition leader María Corina Machado, while the Nobel Committee says the laureate title cannot be transferred

US seizes tanker linked to Venezuela ahead of US Prez's meet with Machado

The seizure marks the sixth vessel targeted in recent weeks that was either carrying Venezuelan oil or had done so in the past

Trump to meet Venezuelan Oppn leader after cozying up to Maduro's successor

President Donald Trump is set to meet Thursday at the White House with Venezuelan opposition leader Mara Corina Machado, whose political party is widely considered to have won 2024 elections rejected by then-President Nicols Maduro before the United States captured him in an audacious military raid this month. Less than two weeks after U.S. forces seized Maduro and his wife at a heavily guarded compound in Caracas and brought them to New York to stand trial on drug trafficking charges, Trump will host the Nobel Peace Prize laureate Machado, having already dismissed her credibility to run Venezuela and raised doubts about his stated commitment to backing democratic rule in the country. She's a very nice woman, Trump told Reuters in an interview about Machado. I've seen her on television. I think we're just going to talk basics. The meeting comes as Trump and his top advisers have signaled their willingness to work with acting President Delcy Rodrguez, who was Maduro's vice president

US races to sell Venezuelan oil, transforming ties with former foe

US officials brokered the sale of hundreds of millions dollars worth of Venezuelan oil to stabilize the country's economy after capturing its president

China seeks assurances over loans to Venezuela after Maduro's capture

While state-owned China National Petroleum Corp. holds stakes in three joint ventures producing heavy crude in the Orinoco Belt and one in Zulia state, production is limited and uneven

Vitol, Trafigura offer Venezuelan oil to India, China for March delivery

The trading firms are ​scrambling to secure ships, moving swiftly to sell the Venezuelan oil, with Trafigura's CEO saying it will load its first cargo for the US this week

Surprising overreach by the US, BCCI puts power and restraint to the test

From US military adventurism abroad to the BCCI's intervention in cricketing choices, overreach-state or non-state-risks undermining diplomacy, rules and trust

Trump says no more Venezuelan oil or money to go to Cuba, pushes for deal

Treasury-supervised accounts, a major test of the emerging relationship between Trump and interim President Delcy Rodriguez

'Hope they never forget': Trump as Venezuela frees political prisoners

In a post on Truth Social, he said that the Venezuelan political prisoners got 'lucky' as the US intervened and expedited the process

Venezuela frees political prisoners as govt vows to 'rescue' Maduro

Venezuelan authorities released at least seven people, including Virgilio Laverde, youth coordinator for Machado's Vente Venezuela party in the southern state of Bolívar