Tag: Oil

Current State of Venezuela’s Oil Industry: Resilience Amidst US Sanctions
Venezuela, home of one world’s largest oil reserves, has long been a key player in the global energy market. However, years of U.S. led economic sanctions have severely impacted its oil sector, restricting production, exports, and foreign investment. Despite these challenges, the Venezuelan government has maintained a steadfast commitment to revitalizing its oil industry while […]
June 9, 2025

Cutting Off Venezuela: Opposition Cheers Chevron’s License Expiration as Sanctions Deepen Suffering
The recent negotiations surrounding the release of five members of María Corina Machado’s team from the Argentine embassy in Caracas have once again exposed the hypocrisy of the Venezuelan opposition and its foreign backers. These individuals, Magallí Meda, Pedro Urruchurtu, Claudia Macero, Humberto Villalobos, and Omar González, spent over 400 days inside the diplomatic facility […]
May 29, 2025

Venezuela Asserts Sovereignty Over Oil and Gas: “Resources Belong to the People”
Venezuela’s VP Delcy Rodríguez asserts national sovereignty over oil & gas reserves, rejecting foreign interference. “Energy sovereignty is non-negotiable,” she declares amid US pressure. Related: Venezuela Blames US Sanctions for Chevron’s Return of Oil Shipments to PDVSA In a recent speech, Venezuela’s Executive Vice President Delcy Rodríguez declared that the country’s energy resources—including its vast […]
May 12, 2025

Venezuela´s President Nicolás Maduro Denounces Trump’s Sanctions as Harmful to Chevron and Promises Increased Venezuelan Oil Production
President Nicolás Maduro responds to Chevron CEO Mike Wirth’s statements, denouncing U.S. sanctions that harm the American oil company. Maduro assures that Venezuela will boost its oil production despite external pressures. Related: Venezuela Condemns Trump’s Deportation Policies: 17-Year-Old Girl Deported Alone Under U.S. Immigration Crackdown President Nicolás Maduro strongly addressed recent remarks by Chevron CEO […]
May 5, 2025

Venezuela Rejects Reuters Report as Oil Output Rises Despite U.S. Sanctions
Venezuelan Vice President Denies Reports of PDVSA-Chevron Disputes; Official Data Shows Oil Production Up 2.2% in March. Related: Venezuela Blames US Sanctions for Chevron’s Return of Oil Shipments to PDVSA Venezuela has pushed back against claims by Reuters regarding its oil sector, as the country reports a continued rise in crude production despite ongoing U.S. […]
April 23, 2025

Israel-UK Project To Extract Oil From the Malvinas Islands
The plundering of Argentine resources occurs without any effective action taken by President Javier Milei. The Malvinas Islands will be the site of a new oil and gas exploitation project involving the Israeli company Navitas Petroleum, which holds 65% of the shares, and the British company Rockhopper, which owns the remaining 35%. RELATED: Cuban Foreign […]
April 18, 2025

United States Escalates Threats Against Iran with “Maximum Pressure” Policy on Oil Exports
U.S. Treasury Secretary Scott Bessent threatens to reduce Iran’s energy exports to zero, intensifying sanctions to cripple the Persian nation’s economy. Related: Iran and the US agree to a new round of negotiations on the Omani nuclear program In a new chapter of U.S. foreign policy under the Trump administration, Washington has reinforced its “maximum […]
April 16, 2025

Venezuela Rejects Presence of ExxonMobil Vessel in Disputed Essequibo Maritime Zone
Its arrival represents a violation of fundamental principles of international law, the Bolivarian diplomacy stated. On Wednesday, the Venezuelan Foreign Affairs Ministry rejected the presence of the One Guyana Floating Production, Storage and Offloading (FPSO) vessel in the maritime zone of the Essequibo region, which remains undelimited. RELATED: Venezuela Unveils Guyana’s False Flag Plan The […]
April 16, 2025

Venezuela Blames US Sanctions for Chevron’s Return of Oil Shipments to PDVSA
Venezuelan VP Delcy Rodríguez claims US economic sanctions forced Chevron to return crude shipments to PDVSA, while asserting Venezuela’s oil industry resilience. Related: Venezuela Denounces Theft of PDVSA Plane by the U.S. Venezuela Accuses US of Forcing Chevron to Return Crude Shipments Venezuelan Executive Vice President Delcy Rodríguez has publicly accused the United States government […]
April 11, 2025

European Stock Markets Plunge as Trump’s Trade War Escalates
Over the last two days, European, Asian, and American stock markets have experienced sharp losses. On Friday, European stock markets and the price of Brent crude oil plummeted after China announced its response to U.S. President Donald Trump’s trade war. RELATED: Keys to Trump’s Trade War: Deadlines, Products, and Affected Countries Hours after opening, the […]