THE US and Venezuelan governments struckan agreement earlier this week under whichthe administration of US President Joe Bidenwill ease sanctions on Venezuela's oil sector inexchange for Venezuelan President Nicol谩sMaduro's commitment to hosting a fair, internationallymonitored election next year, the...
NEW YORK (AP) — The Trump administration has imposed sanctions on Venezuela's state-owned oil company, Petroleos de Venezuela SA, its harshest economic punishment to date against the government of President Nicolas Maduro, whom the U.S. and other countr
Reinstating oil and gas sanctions could cause substantial damage to Venezuelan exports which are largely dependent on oil, analysts have said. It also has the potential to impact the US domestic gas market because several US companies, including Chevron, operate in Venezuela and...
United Nations Secretary-General Antonio Guterres has urged all relevant actors to lower tensions and commit to dialogue to address the protracted crisis in Venezuela, after anti-government protests in the capital Caracas turned violent, said his spokesman on Thursday. ...
The U.S. government is not planning a systematic easing of sanctions on Venezuela after an initial round allowed partners of state-run oil firm PDVSA to resume taking oil for past debts, a State Department official said. In November, Washington issued a six-month license allowing Chevron Corp...
Venezuela's oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports, according to data and internal shipping documents.
Venezuela confirmed a decision by the US to ease oil sanctions, calling for a total lifting of the US sanctions on the South American country.
Venezuela’s oil sector has come under increasing scrutiny from OFAC since the start of 2019, when state-owned fuel company Petroleos de Venezuela (PdVSA) was added to its sanctions list. The regulator took the decision to “intensify pressure” on President Maduro, and followed accusations that...
TEHRAN, Iran (AP) — Iran's president on Saturday warned the United States not to interfere with a shipment of oil bound for Venezuela after the South American nation said it would provide an armed escort for the tankers.