WASHINGTON (AP) — When it comes to claiming that Venezuela’s oil is now under his control, President Donald Trump is not mincing any words. But not a small part of that oil belongs to China under contracts it struck with Caracas years ago, setting the stage for a delicate diplomatic dance in the coming weeks. … Read more
By Siyi Liu and Florence Tan SINGAPORE, Jan 7 (Reuters) – Independent Chinese refiners are expected to switch to heavy crude oil from sources including Iran in the coming months to replace Venezuelan shipments that have been halted since the United States ousted the country’s president, traders and analysts said. Caracas and Washington have agreed … Read more
By Vallari Srivastava, Nathan Crooks and Jarrett Renshaw Jan 7 (Reuters) – The United States needs to control Venezuela’s oil sales and revenues indefinitely to drive the changes it wants to see in the country, Energy Secretary Chris Wright said on Wednesday. The comments reflect the importance of the South American country’s crude oil reserves … Read more
My Marina Wide HOUSTON/BEIJING, Jan 7 (Reuters) – Global oil prices fell on Wednesday as China denounced the United States as a bully after President Donald Trump’s administration said it had persuaded Venezuela to divert supplies from Beijing and import up to $2 billion of embargoed crude. The deal was in line with Trump’s stated … Read more
As Venezuelans try to regain a semblance of normalcy following the US capture of President Nicolás Maduro, authorities in the country are cracking down on any show of support for the impeached leader’s ouster. As Delcy Rodríguez was sworn in as Venezuela’s acting leader on Monday, the rights group warned of an escalating crackdown, with … Read more
It’s only been days since a daring US raid kidnapped Nicolás Maduro from a Venezuelan military base and rushed him to a Brooklyn prison, but Detroit-area Trump supporter Aaron Tobin can already see it all playing out on the big screen. He predicts that he will be the subject of movies for years to come. … Read more
WASHINGTON (AP) — There are few signs that President Donald Trump’s supporters wanted the United States to become more involved in foreign conflicts before its military actions in Venezuela — even as many Republicans show initial support for his military strike there, according to an Associated Press analysis of recent polls. Most Americans want the … Read more
WASHINGTON (AP) — President Donald Trump has been tight-lipped about the larger message he is trying to send to the world with the U.S. military raid to capture Nicolás Maduro and prompt the Venezuelan leader and his wife to be extradited to the United States to face federal drug-trafficking charges. “American dominance in the Western … Read more
Early Monday morning, Ed Yardeni, the president of Yardeni Research, wrote in a note to clients that he was adding Venezuela “to our list of troubling developments” that could make for a volatile start to 2026. By late morning, Yardeni — like others — was watching the stock market largely shrug off the weekend’s developments … Read more
Stocks of the world’s biggest energy operators gained on Monday as traders priced in a potential new market for the companies after the US impeached Venezuelan leader Nicolás Maduro. Shares in major U.S. oil companies ExxonMobil ( XOM ) and ConocoPhillips ( COP ) both gained 2% and 3%, respectively, while Chevron ( CVX ), … Read more