• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 48 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 2 days How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 7 days "The Calm Before The Storm In Oil Markets" by Tom Kool of OILPRICE and seen at YahooFinance
  • 6 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 7 days Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 4 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
America's 'Maximum Pressure' Policy On Venezuela Has Failed

America's 'Maximum Pressure' Policy On Venezuela Has Failed

Washington’s unwavering faith in strict…

Colombia’s Oil Industry Faces Major Uncertainty

Colombia’s Oil Industry Faces Major Uncertainty

Colombia’s already-struggling oil industry could…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Russian Troops Land In Oil-Rich Venezuela

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 between Caracas and Moscow amid growing pressure on the Maduro government from Washington.

It also comes three months after the Venezuelan and Russian army conducted joint military exercises in Venezuela. At the time, the U.S. government slammed the exercises as Russian “encroachment” in South America.

An explanation for the presence of the troops came from Russian state-owned news outlet Sputnik, which cited a source as saying, “Russia has various contracts that are in the process of being fulfilled, contracts of a technical military character.”

The news, however, will no doubt spark a reaction from Washington as the Venezuelan crisis continues with no resolution in sight despite the increasing pressure that the United States is piling up on the government in Caracas.

Yet the leader of the opposition and president of the national Assembly, Juan Guaido, said this weekend that the end of the Maduro government is in sight. The self-declared interim president who called for new elections told Reuters that allies of the Venezuelan opposition were in talks with high-ranking military personnel to switch sides as the army seems to be the factor that can tip the scales one way or another.

“They are isolated, alone, they are falling apart day by day,” Guaido said. “The citizens do not like them, they reject them, they hate them, because that is what they have received from them: hate.”

“The diplomatic pressure has worked, the economic pressure and the pressure on assets have worked,” Guaido also told Reuters.

Meanwhile, Nicolas Maduro is accusing the opposition leader and those around him of plotting to kill him with the support of the United States to assume control of Venezuela’s oil wealth.

By Irina Slav or Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News