Traders Vitol and Trafigura take part in White House discussions about Venezuela’s oil.
U.S. Engages Commodity Traders for Venezuelan Oil Talks LONDON/NEW YORK, Jan 8 – The administration of U.S. President Donald Trump recently extended an invitation to leaders of commodity trading firms Vitol and Trafigura for discussions at the White House regarding the marketing of Venezuelan oil, according to sources who are familiar with the situation. European […]
Trump’s plans for defense spending, Venezuelan oil, Ford’s push for hands-free driving, and more in Morning Squawk
Good Thursday to you. By now, it should be clear that I have a penchant for clichés. So, as the S&P500 faces its initial losing day of the year, perhaps we can take comfort in that old saying: “It’s a marathon, not a sprint.” This morning, stock futures dipped following a mixed trading session. Here […]
Venezuelan government confirms discussions about selling oil to the U.S.
Venezuela in Talks to Sell Oil to the U.S. On Wednesday, Venezuela’s state oil company, PDVSA, announced it is negotiating with the United States to sell oil. According to a statement shared via social media, PDVSA mentioned that discussions regarding oil sales to the U.S. are occurring “within the framework of the commercial relations that […]
Trump’s seizure of Venezuelan oil frustrates America’s opponents
The U.S. military apprehended Venezuelan leader Nicolas Maduro on Saturday, bringing him to New York to face charges related to drugs, narco-terrorism, and arms. Just a few days prior, last month, President Donald Trump initiated a naval blockade against sanctioned oil tankers heading to Venezuela. This move is part of discussions with remnants of Maduro’s […]
The return of Venezuelan oil in Texas and its impact on US fuel costs
Texas may soon see a new supply of Venezuelan crude oil as shipments could start arriving at its ports, among others, possibly next week. This thick, tar-like oil will be processed at nearby refineries that specialize in heavy crude. This movement follows an announcement from President Donald Trump about a significant transfer of 50 million […]
China Anticipated to Substitute Venezuelan Oil with Iranian Crude
Oil analysts suggest that, following the recent arrest of Nicolás Maduro by U.S. forces, China might shift away from Venezuelan oil imports and instead turn to increased Iranian crude purchases. On Tuesday, interim President Delcy Rodríguez, alongside other Venezuelan officials, unveiled a plan to sell up to $2 billion worth of oil to the United […]
Venezuelan oil exports to the US increase after Maduro’s arrest warrant
Maritime intelligence experts indicate that a significant quantity of Venezuelan oil is being rapidly shipped to the U.S. following the arrest of former President Nicolas Maduro. Michel Wiese-Bockmann, a senior maritime intelligence analyst, noted that around “15 very large crude oil carriers,” amounting to 50 million barrels, are expected to be involved. The company Upwind […]
Trump Claims Venezuela Will Spend Oil Revenue on U.S.-Made Goods
Trump’s New Oil Deal with Venezuela On Wednesday, President Trump shared that Venezuela will allocate the funds from a new oil arrangement exclusively for purchasing American products. This announcement follows a deal where Venezuela’s interim authorities are set to send between 30 to 50 million barrels of oil to the United States. Trump mentioned on […]
U.S. to Regulate Venezuelan Oil Exports Permanently
U.S. to Sell Venezuelan Crude Oil Indefinitely Energy Secretary Chris Wright announced on Wednesday that the Trump administration plans to sell Venezuelan crude oil “indefinitely” while managing the funds generated from these sales. This move is part of a broader strategy aimed at gaining control over Venezuelan oil exports and revitalizing the country’s energy sector. […]
U.S. confiscates two additional oil tankers associated with Venezuela’s ‘ghost fleet’
U.S. Seizes Two More Oil Tankers Linked to Venezuela The U.S. has captured two oil tankers associated with Venezuela in operations in the North Atlantic and the Caribbean Sea. Department of Homeland Security Secretary Kristi Noem shared information about the seizures on XPost early Wednesday. “In two pre-dawn operations today, the Coast Guard executed well-coordinated […]