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UN Chief on Venezuela: US Action Sets ‘Dangerous Precedent’

CDN and International News, Latest, Oil / By

United Nations Secretary-General Antonio Guterres is deeply alarmed by U.S. military action in Venezuela that sets “a dangerous precedent,” his spokesperson said on Saturday ahead of a likely U.N. Security Council meeting. Venezuela and Colombia, backed by Russia and China, have asked for the 15-member Security Council to meet, diplomats said, after the U.S. attacked …

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Venezuela’s Oil Exports Paralyzed Amid Political Turmoil, Sources Say

CDN and International News, Latest, Oil / By

  Venezuela’s oil exports, which had fallen to a minimum amid U.S. President Donald Trump’s announced blockade of all sanctioned tankers going in and out of the country’s waters, are now paralyzed as port captains have not received requests to authorize loaded ships to set sail, four sources close to operations said on Saturday. The …

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US is Going to be Strongly Involved in Venezuela’s Oil Industry, Says Trump

CDN and International News, Conventional Energy, Latest, Oil / By

 The United States is going to be “very strongly involved” in Venezuela’s oil industry in the wake of the operation to capture Venezuelan President Nicolas Maduro, President Donald Trump told Fox News on Saturday. “We have the greatest oil companies in the world, the biggest, the greatest, and we’re going to be very much involved …

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Venezuelan Oil Industry: World’s Largest Reserves, Decaying Infrastructure

CDN and International News, Latest, Oil / By

(Reuters) – Following are key facts about the oil industry of Venezuela, whose President Nicolas Maduro was captured by U.S. forces on Saturday, according to U.S. President Donald Trump. RESERVES Venezuela has the world’s largest oil reserves but its crude output remains at a fraction of capacity due to mismanagement, lack of investment and sanctions, …

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Trump Says Venezuela’s Maduro Captured After Strikes – Oil Facilities Intact

CDN and International News, Conventional Energy, Latest, Oil, Pinned Primary / By

Summary Trump says US successfully hit Venezuela, took away Maduro Most direct US. action in region since 1989 Panama invasion Explosions rock capital Caracas and other locations Maduro government defiant, accuses US of oil grab Venezuelan leader may face drug trial in U.S. (Reuters) – The U.S. attacked Venezuela and deposed its long-serving autocratic President Nicolas Maduro on …

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OPEC+ to Maintain Oil Output Policy Amid Saudi-UAE Tensions Over Yemen, Sources Say

CDN and International News, Conventional Energy, Latest, Oil / By

Summary OPEC+ likely to maintain oil output freeze in Q1 2026, sources say No sign yet that Saudi-UAE tensions over Yemen will affect OPEC+ talks Oil prices fell over 18% in 2025 amid oversupply concerns (Reuters) – OPEC+ will likely maintain steady oil output at its meeting on Sunday, three OPEC+ delegates said on Friday, …

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Canadian Oil Firms End 2025 Strong Despite Crude Slump

CDN and International News, Conventional Energy, Latest, Oil / By

  ** Canadian oil producers set to end 2025 on a positive note, with integrated operations, strong refining margins and stable cash flows from long-life reserves cushioning the impact of falling crude prices** Brent crude futures down over 17% YTD, their steepest annual drop since 2020 and third straight yearly decline ** As of last …

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Oil Tankers Still Arriving in Venezuela Despite US Blockade, Data Shows

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At least two oil tankers have made their way to Venezuela in recent days and others are navigating towards the country, a sign of state-run PDVSA’s effort to expand floating storage and keep selling crude even as a U.S. blockade has reduced exports to a minimum. U.S. President Donald Trump this month announced a blockade …

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Venezuela Starts Shutting Oil Wells as US Blockade Halts Flows

CDN and International News, Conventional Energy, Latest, Oil / By

Venezuela started shutting wells in a region that holds the world’s largest deposits of oil in the face of a blockade by the Trump administration meant to financially squeeze the nation. Petroleos de Venezuela SA began shuttering wells in the Orinoco Belt on Dec. 28 as the state-run refiner ran out of storage space and …

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Russia’s Pipeline Gas Exports to Europe Fall by 44% to the Lowest in Decade

CDN and International News, Conventional Energy, Latest, Natural Gas / By

Summary European Union has agreed to phase out Russian fossil fuel imports Decline in imports follows closure of Ukrainian route TurkStream is the only remaining route (Reuters) – Russia’s pipeline gas exports to Europe sank by 44% in 2025 to their lowest since the mid-1970s, following the closure of the Ukrainian route and as the …

Russia’s Pipeline Gas Exports to Europe Fall by 44% to the Lowest in Decade Read More »

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