• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour How Far Have We Really Gotten With Alternative Energy
  • 11 hours If hydrogen is the answer, you're asking the wrong question
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 1 day Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 5 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Rising Gasoline Prices Bring Bad News for Biden

Rising Gasoline Prices Bring Bad News for Biden

Higher gas prices pushing up…

Norway Launches Its First Offshore Wind Auction

Norway Launches Its First Offshore Wind Auction

Norway launched early on Monday…

Venezuela’s Oil Minister: PDVSA Pumping Station Attacked

Venezuela’s Oil Minister Manuel Quevedo, a former general appointed by Nicolas Maduro in late 2017 to lead Venezuela’s oil industry and state oil firm PDVSA, has said that a terrorist attack was carried out on a PDVSA pumping station in the state of Monagas, the teleSUR news outlet reported on Wednesday.

Quevedo denounced the attack, which he said was aimed at cutting off Venezuela’s oil exports, according to teleSUR. No people were killed or injured in the sabotage, the minister said.

“Yesterday we listened to the war allocation by the U.S. President, and call to violence, and now we start to see that violence and terrorist attacks,” teleSUR quoted Quevedo as saying. According to the minister, the right-wing parties in Venezuela were behind the attack, as they don’t have a political project and that’s why they “recurred to violence, led by the U.S. government who has lost their masks and pretend to lead us to a war among equals,” as carried by teleSUR.

On Monday, U.S. President Donald Trump urged members of the Venezuelan military to abandon support for Maduro or “lose everything.”

President Trump also tweeted: “I ask every member of the Maduro regime: End this nightmare of poverty, hunger and death. LET YOUR PEOPLE GO. Set your country free! Now is the time for all Venezuelan Patriots to act together, as one united people. Nothing could be better for the future of Venezuela!” 

The United States and many European countries have recognized opposition leader Juan Guaidó as the interim president of Venezuela amid the political crisis in the country sitting on top of the world’s largest crude oil reserves.

The U.S. sanctions on Venezuela from late January are expected to speed up the decline of Venezuelan exports, which have been falling over the past three years as oil production has been plunging due to lack of investment, mismanagement, and a rampant economic crisis.

By Tsvetana Paraskova for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:



Join the discussion | 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