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What’s The Status of International Oil Companies in Venezuela After Maduro’s Capture?

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(Reuters) – Here are key facts about international oil companies in Venezuela, a country with the world’s largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country’s oilfields. …

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Who is ‘Tsarina’ Delcy Rodriguez, the Acting President of Venezuela?

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(Reuters) – Delcy Rodriguez, declared the interim president of Venezuela after Nicolas Maduro’s capture by U.S. forces, is one of the iron fists in Venezuelan politics, a practitioner of economic orthodoxy who has strived to build relationships with the private sector and who is known for her taste for luxury. Over more than a decade …

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UN Chief Guterres Raises Concerns About Instability in Venezuela, Legality of US Operation

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(Reuters) – United Nations Secretary-General Antonio Guterres raised concerns on Monday about a possible intensification of instability in Venezuela after the U.S. capture of the Latin American country’s president Nicolas Maduro. The 15-member Security Council met at U.N. headquarters in New York just hours before Maduro was due to appear in a Manhattan federal court …

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About a Dozen Loaded Oil Tankers Left Venezuela in Dark Mode, Tankertrackers.com Says

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About a dozen tankers loaded with Venezuelan crude and fuel departed in recent days from the country’s waters in dark mode, seemingly breaking a strict blockade imposed by the U.S. amid intense pressure that mounted until the capture of deposed President Nicolas Maduro, monitoring service TankerTrackers.com said. All the identified departed vessels are under U.S. …

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Venezuela’s Oil Supply to Rise in Years Ahead and Depress Prices, Say Analysts

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(Reuters) – Crude output in Venezuela is set to increase over a period of time following the dramatic U.S. strike and capture of its president, likely raising global supply and weighing on prices longer-term, oil analysts said. American forces seized Venezuelan President Nicolas Maduro from Caracas over the weekend, and U.S. President Donald Trump said Washington would …

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

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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

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  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

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 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

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(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

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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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