Tag: Oil

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 […]
March 26, 2025

U.S. Tariffs on Venezuelan Oil Trade Are Illegal and Desperate: FM Gil
Despite external aggressions, Venezuela remains steadfast on its path toward growth and prosperity. On Monday, Venezuelan Foreign Affairs Minister Yvan Gil published a statement through which his country strongly rejects the 25% tariffs that the United States will impose on all countries that purchase Venezuelan oil or gas. Below is the full statement: RELATED: China […]
March 25, 2025

Venezuelan President Nicolás Maduro Condemns New US Sanctions on Oil Trade
Venezuela’s President, Nciolás Maduro slams new US 25% oil tariff as ‘economic warfare,’ vows sovereignty amid migrant deportations and sanctions. Latest updates on the crisis. Related: President Maduro Unveils ‘Absolute Productive Independence Plan’ to Boost National Production Amid U.S. Sanctions Venezuelan President Nicolás Maduro has vehemently denounced recent sanctions imposed by the United States government, […]
March 24, 2025

Trump Threatens 25% Tariffs on Countries Buying Venezuelan Oil
Former U.S. President Donald Trump announced on Monday that he would impose a 25% tariff on any country purchasing oil or gas from Venezuela. In a post on Truth Social, Trump justified the measure by claiming that Venezuela has been “hostile to the United States and the freedoms we stand for.” He stated that the […]
March 24, 2025

Ecuador: Candidate Luisa Gonzalez Vows to Revoke Sacha Oil Field Concession
‘We’ll not hand over Ecuadorians’ resources! This contract was made outside the law,’ the Citizen Revolution leader said. Luisa Gonzalez, the presidential candidate for the Citizen Revolution party, announced that if she becomes Ecuador’s next president, she will revoke the concession contract for the Sacha Field, which was awarded by President Daniel Noboa to Amodaimi-Oil […]