By Arathy Somasekhar and Marianna Parraga HOUSTON, Feb 13 (Reuters) – Venezuela’s state oil company PDVSA has refused to sell oil to companies without individual U.S. licenses for the past two weeks, four sources at the companies that want to buy the goods told Reuters, limiting exports and preventing the country from emptying full storage … Read more
MIAMI (AP) — Less than three years after President Joe Biden pardoned a close ally of Nicolás Maduro, the Justice Department is targeting the businessman again, The Associated Press has learned, an investigation that could support the U.S.-based prosecution of the Venezuelan leader. Federal prosecutors have been investigating Alex Saab’s role in an alleged bribery … Read more
WASHINGTON (AP) — The U.S. Navy’s top uniformed officer wants to persuade commanders to use smaller, newer ships and other assets for missions instead of constantly turning to giant aircraft carriers — as now seen in U.S. military builds off Venezuela and Iran. Daryl Caudle’s vision — what he calls “Battle Instructions” — calls for … Read more
(Reuters) Feb 8 – On the outskirts of Venezuela’s main oil city, Maracaibo, members of a local branch of the ruling socialist party went door-to-door in the weeks after U.S. forces captured President Nicolas Maduro, asking residents if they still support the party that has ruled the country for nearly 20 years. The result: About … Read more
With 30 years of Wall Street experience, Co-Editor-in-Chief Todd Campbell explains why ConocoPhillips’ position on the Venezuela oil rig is a reality check for the energy sector. Energy companies have felt significant pressure over the past year as OPEC production has increased, leading West Texas crude oil prices fell to $62 a barrelbelow Permian Basin … Read more
By Marianna Parraga and Shariq Khan HOUSTON/NEW YORK, Feb 3 (Reuters) – U.S. Gulf Coast refiners are struggling to absorb a rapid increase in Venezuelan crude shipments since last month’s landmark $2 billion supply deal between Caracas and Washington, pressuring prices and leaving some volumes unsold, according to traders and shipping data. Weak U.S. demand … Read more
Lockheed Martin has unusually confirmed that its top-secret RQ-170 Sentinel unmanned aerial vehicle played a role in a recent US military operation in Venezuela. This confirmation represents the most concrete public acknowledgment of the aircraft’s real-world employment since its introduction nearly two decades ago. In a quarterly earnings call, Lockheed CEO Jim Taiclet outlined how … Read more
A federal appeals court ruled late Wednesday that the Trump administration acted illegally when it ended legal protections that allowed hundreds of thousands of Venezuelans to live and work in the United States. A three-judge panel of the 9th U.S. Circuit Court of Appeals upheld a lower court ruling that found Homeland Security Secretary Kristi … Read more
A federal appeals court ruled late Wednesday that Department of Homeland Security (DHS) Secretary Kristi Noem acted illegally when she ended legal protections that allowed hundreds of thousands of Venezuelans to live and work in the United States. The decision by a three-judge panel of the 9th U.S. Circuit Court of Appeals upheld a lower … Read more
WASHINGTON (AP) — Secretary of State Marco Rubio plans to warn Wednesday that the Trump administration is ready to take further military action against Venezuela if the country’s interim leadership deviates from U.S. expectations. In prepared testimony for a hearing before the Senate Foreign Relations Committee, Rubio says the US is not at war with … Read more