PetroChina Decides Not to Purchase U.S.-Controlled Venezuelan Oil
PetroChina Halts Venezuelan Crude Purchases Following U.S. Actions PetroChina, the state oil company of China, has reportedly advised its partners to refrain from purchasing or trading Venezuelan crude oil since the U.S. gained control over Venezuelan oil exports earlier this month, as stated by Reuters on Tuesday. According to two trading executives familiar with the […]
Mexico overtakes Venezuela as Cuba’s leading oil provider during political turmoil
The Venezuelan regime under Nicolás Maduro has historically supported Cuba, America’s nearby communist counterpart. But with Maduro now incarcerated in New York, U.S. lawmakers and experts are shifting their focus to Mexico, which has quietly taken over Venezuela’s role as Cuba’s primary oil supplier. As of January, Mexico provided about 13,000 barrels of oil per […]
Trump claims to have taken control of Venezuela’s oil but can’t disclose the ships’ locations.
Trump Discusses Venezuelan Oil Transport President Trump revealed that the U.S. has transported Venezuelan oil using seven recently seized tankers, although he did not disclose their current locations. “I’m not allowed to tell you,” he remarked during an interview in the Oval Office. “But let’s just say: They don’t have the oil. We take the […]
California takes legal action against Trump regarding the dispute over federal oil pipeline authority.
California Attorney General Sues Trump Administration Over Oil Pipeline California’s Attorney General, Rob Bonta, announced on Friday the state’s decision to sue the Trump administration. The lawsuit pertains to actions taken by the Pipeline and Hazardous Materials Safety Administration (PHMSA), which has claimed federal authority over two state oil pipelines and permitted their reopening. During […]
China Can Still Obtain Venezuelan Oil, They Just Need to Pay for It
US Officials Discuss Venezuela’s Oil Industry An unnamed US official told Reuters that while the US’s involvement in Venezuela’s oil sector won’t stop China from buying oil from there, it will no longer benefit from the “unfair and undervalued” prices that have prevailed. Earlier this month, President Trump revealed plans for US oil experts to […]
Trump Indicates U.S. Companies Will Begin Drilling Venezuelan Oil ‘Very Soon’
Trump Announces Drilling Plans for Venezuelan Oil President Donald Trump informed reporters on Thursday while on Air Force One that U.S. companies are set to start drilling for Venezuelan oil “soon.” This statement came after Trump’s attendance at the World Economic Forum in Davos, Switzerland, where he also introduced a new initiative aimed at establishing […]
French navy captures Russian oil tanker as US partners intensify sanctions efforts
The French navy has reportedly taken control of a Russian oil tanker in the Mediterranean, suspected of being part of a network referred to as Russia’s “Shadow Fleet.” This network consists of vessels that operate under false flags to bypass Western sanctions aimed at limiting Russian oil exports. On Thursday, President Emmanuel Macron revealed that […]
French Navy Captures Russian Oil Tanker in Mediterranean with Assistance from Britain
French Troops Seize Russian Oil Tanker in Mediterranean On Thursday, French troops, backed by allies like Britain, utilized helicopters to board a Russian oil tanker referred to as the “Grinch” while it was navigating the Mediterranean Sea. President Emmanuel Macron confirmed the seizure in the morning, stating that it occurred in international waters between Spain […]
Cuba Looking for Oil in Africa Amid U.S. Restrictions on Venezuela
Cuba Seeks Oil from Africa Amid Sanctions Cuba is looking to Africa for oil to compensate for the diminishing supply it used to receive from Venezuela, largely due to pressures from President Donald Trump’s administration. A report from 14 years old Medio highlighted this development recently. Jorge Piñon, an energy specialist at the University of […]
Elizabeth Warren and Democrats look into banks regarding oil sales from Venezuela.
Investigation into U.S. Banks and Venezuelan Oil Sales Senator Elizabeth Warren (D-Mass.) and a group of Democratic senators are leading an inquiry into how major U.S. banks are involved in facilitating the Trump administration’s sale of Venezuelan oil. This probe was prompted by President Trump’s announcement that the interim government in Venezuela would transfer as […]