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How U.S. Sanctions Against Venezuela Backfired

How U.S. Sanctions Against Venezuela Backfired

The United States levied harsh…

Geopolitics / South America

Is Biden Preparing To Ease Restrictions On Venezuelan Oil?

Feb 15, 2021 at 16:57 | Matthew Smith

In a surprise move, President Biden has withdrawn U.S. support for a Saudi-led military campaign against Houthi rebels in war-torn Yemen, describing the…

How U.S. Sanctions Against Venezuela Backfired

Feb 05, 2021 at 18:09 | Matthew Smith

Harsh U.S. sanctions, a crumbling economy, and near collapsed petroleum industry have done little, if anything, to loosen President Maduro’s grip on power in Venezuela. It appears that…

Venezuela’s Crisis: A Cautionary Tale For Oil Nations

Dec 17, 2020 at 12:50 | Matthew Smith

The story of Venezuela’s rise to wealth and its now near collapse is a cautionary tale for countries rich in natural resources. The 1914 discovery of crude oil…

Why Biden’s Approach To Venezuela Is So Important For Oil Markets

Nov 18, 2020 at 15:11 | Matthew Smith

In a hard-fought campaign Democrat Joe Biden won the November 2020 U.S. presidential race beating incumbent Donald Trump. There were considerable fears in the run-up to the election…

Crisis Stricken Venezuela Faces Mounting Pressure From The U.S.

Apr 06, 2020 at 13:29 | Tsvetana Paraskova

Over the past weeks, the Trump Administration has tightened the noose around Nicolas Maduro’s regime, increasing pressure on the country sitting on top of the world’s largest oil…

U.S. In Secret Talks With Maduro’s Socialist Party Leader

Aug 19, 2019 at 11:55 | Tsvetana Paraskova

The United States has started secret preliminary talks via intermediaries with Diosdado Cabello, the leader of Venezuela’s Socialist party and the man considered the most powerful in the…

Oil Soars On Venezuela Coup Attempt

Apr 30, 2019 at 17:33 | Nick Cunningham

Venezuela’s opposition leader, along with some factions of the military, have staged an attempted coup to overthrow President Nicolas Maduro. Standing alongside soldiers at a military base, opposition leader and…

Russian Troops Land In Oil-Rich Venezuela

Mar 25, 2019 at 10:24 | Irina Slav

Two Russian planes with 100 troops landed in Venezuela this weekend, Reuters reports, citing media reports and flight tracking websites. The move is the latest signal of strengthening ties…

Blackout Shuts Down Venezuela’s Oil Exports

Mar 11, 2019 at 16:39 | Nick Cunningham

Venezuela suffered a sweeping blackout last week, which threatens to cut off oil exports from the country. U.S. sanctions have already severely impacted oil operations, leaving cargoes stranded off the…

Russia To Defend Its Venezuela Oil Assets In ‘Toughest Way Possible’

Mar 06, 2019 at 12:41 | Tsvetana Paraskova

Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference in Venezuela’s domestic affairs. At…

Washington Tightens Grip On Venezuela With New Sanctions

Feb 26, 2019 at 13:33 | Irina Slav

The United States announced new sanctions against Venezuelan government officials this week as the situation in the country that’s home to the world’s largest oil reserves continues to escalate. The…

Venezuelan Opposition Could Soon Take Over Citgo

Feb 12, 2019 at 14:11 | Irina Slav

The Venezuelan opposition led by Juan Guaido could soon become the owner of PDVSA’s U.S. refining business, Citgo, in what would only deepen the chaos surrounding the country’s state oil…

Russia Begins To Fear Maduro May Lose

Feb 07, 2019 at 16:14 | Tsvetana Paraskova

Russia—one of the key supporters of Nicolas Maduro in the Venezuelan crisis—has stood by the Venezuelan leader for years and has poured billions of U.S. dollars in the Latin American…

Venezuelan Opposition To Fund Regime Change With U.S. Oil Money

Feb 07, 2019 at 09:31 | Irina Slav

Venezuela’s opposition will use oil export proceeds collected in a U.S.-based fund to finance its attempts to overthrow the government of Nicolas Maduro, Reuters reports, citing Carlos Paparoni, a…

Venezuela Crisis Deepens As The World Take Sides

Jan 25, 2019 at 13:37 | Tsvetana Paraskova

The political standoff in Venezuela continues as the world watches with apprehension and countries begin to take sides, backing one of the two leaders claiming to be president of the…

Chaos Erupts In Venezuela As Trump Backs New President

Jan 23, 2019 at 17:06 | Nick Cunningham

The Venezuelan opposition staged massive protests in dozens of cities across the country on Wednesday, putting President Nicolas Maduro in jeopardy. Importantly, the protests came with the blessing of the…

Maduro Clings To Power As Venezuela’s Oil Collapse Continues

Jan 10, 2019 at 16:38 | Nick Cunningham

Venezuelan President Nicolas Maduro was inaugurated for a second term on Thursday, despite presiding over an economic meltdown of historic proportions and his status as an international pariah. A coalition…

Venezuela: A Real Threat To Guyana's Oil Boom

Dec 27, 2018 at 09:27 | Nick Cunningham

Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A day later, Venezuela’s navy…

ExxonMobil Faces Off With Venezuela’s Navy

Dec 24, 2018 at 09:25 | Irina Slav

Exxon has suspended exploration activities in the western part of the Stabroek block offshore Guyana after the Venezuelan Navy intercepted this weekend two exploratory vessels in what Caracas claimed was…

Is Trump Eyeing A Coup In Venezuela?

Sep 27, 2018 at 16:55 | Nick Cunningham

The Trump administration and some others in the U.S. government have sent some not-so-subtle hints lately that they are open to a military invasion of Venezuela to oust President Nicolas…

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