Tag: Oil

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 […]
April 4, 2025

Venezuela Defends Its Oil Industry: Response to Reuters’ “Disinformation”
Venezuela slams Reuters’ ‘false’ oil report, proving 8.78% export growth despite US sanctions. Maduro: ‘No one will derail our recovery!’ Full rebuttal. Related: International Oil Operations Continue at Full Speed in Venezuela Venezuela Denounces Reuters’ “False Report” The Bolivarian Republic of Venezuela, through the firm voice of Vice Minister Delcy Rodríguez, has strongly rejected the […]
April 1, 2025

Venezuela Maintains Contact with Companies Affected by U.S. License Revocations
The Bolivarian government has also activated a plan designed to reduce dependence on foreign companies. On Sunday, Vice President Delcy Rodriguez informed that Venezuela maintains fluid communication with the transnational oil and gas companies whose operating licenses were revoked by the U.S. government. RELATED: President Maduro Advances New Strategies to Strengthen Venezuela’s Dollar Exchange System […]
March 31, 2025

Ecuadorian Congress Approves Law to Distribute Oil Revenue to Subnational Governments
The province of Esmeraldas was recently hit by an oil spill with long-term consequences. On Wednesday, Ecuador’s National Assembly held a plenary session in Esmeraldas, where 106 legislators approved the “Law on the Sharing of State Revenues in Favor of Decentralized Autonomous Governments for the Industrialization of Petroleum.” RELATED: Environmental Disaster Due to Oil Spill […]
March 27, 2025

Mexico Rejects U.S. Tariffs Against Venezuelan Oil
Sanctions do not affect just a government or an individual. They impact an entire nation, President Sheinbaum said. On Wednesday, Mexican President Claudia Sheinbaum rejected the 25% tariffs imposed by the United States on countries that purchase oil or gas from Venezuela. RELATED: Mexico and U.S. To Discuss Security Cooperation “We do not agree with […]