#venezuelan-oil

#venezuelan-oil

"We should inform you that we have gotten funds, from the sale of oil, and we have gotten, of the first $500 million, $300 million," interim leader Delcy Rodriguez said at an event in Caracas on Tuesday. Rodriguez said she would use the first $300 million (256 million) from the sale to prop up her country's battered currency, the bolivar.

Cuba, a major beneficiary of Venezuelan oil, has now been cut off from those shipments as U.S. forces continue to seize tankers in an effort to control the production, refining and global distribution of the country's oil products. Trump said on social media that Cuba long lived off Venezuelan oil and money and had offered security in return, "BUT NOT ANYMORE!"

On Saturday, United States military forces carried out a dramatic strike in Venezuela that resulted in the capture and forcible removal of President Nicolas Maduro and his wife, Cilia Flores. They were flown to New York and are now in federal custody. Maduro appeared in federal court on drug and weapons charges and pleaded not guilty. Several governments, international legal experts and United Nations officials have described the military operation as an illegal kidnapping and a breach of international law.

"incoherent strategy."

Venezuela is supposed to be the amazing future of big oil. After all, about one-fifth of the world's proven oil reserves sit in and under land and water it controls. These are vast new fields for Exxon Mobil Corp. ( NYSE: XOM) and Chevron Corp. ( NYSE: CVX). Not so fast. As the United States seized Venezuelan dictator Nicolás Maduro, word went out that President Trump will gather oil executives at the White House.

I think longer term though, a revival of Venezuela's oil production may lead to additional world supply and probably would result in lower volatility and energy prices.

A tanker is under US military surveillance 250 miles off the coast of Ireland while about a dozen vessels with Venezuelan oil are apparently trying to evade a naval blockade in the Caribbean. The ships, which are under US sanctions, turned off transmission signals that can be used to follow them after they sailed from Venezuela, according to TankerTrackers.com. The monitoring service said satellite images showed at least four left Venezuelan waters through a route north of Isla Margarita,

We're going to have a presence in Venezuela as it pertains to oil,

The president offered multiple off ramps, but was very clear throughout this process: the drug trafficking must stop, and the stolen oil must be returned to the United States. Maduro is the newest person to find out that President Trump means what he says. Kudos to our brave special operators who pulled off a truly impressive operation, Vance continued before adding another post: And PSA for everyone saying this was illegal: Maduro has multiple indictments in the United States for narcoterrorism. You don't get to avoid justice for drug trafficking in the United States because you live in a palace in Caracas.

He said the seizure took place in international waters off of Venezuela's coast earlier in the morning; the operation was led by the Coast Guard and assisted by the U.S Navy. The tanker was carrying Venezuelan oil to Asia under the flag of Panama. He noted China is Venezuela's top oil customer. This particular tanker was not covered by U.S. sanctions, and I think that underscores the attempts and objective of the U.S. to really try and cut off Maduro's economic lifeline, Liptak reported.

The U.S. seizure of a Venezuelan oil tanker has been described as a " significant," even " dramatic," escalation of President Donald Trump's campaign to pressure Nicolás Maduro, the country's dictator, out of office-but this isn't quite the case. The seizure might serve as part of a rationale for regime change, which Trump has been advocating, in part through aggressive rhetoric, in part by deploying military forces to the Caribbean, including more than 15,000 troops and a dozen warships, including an aircraft carrier.

President Donald Trump said Wednesday that the United States has seized an oil tanker off the coast of Venezuela as tensions mount with the government of President Nicolas Maduro. Using U.S. forces to seize an oil tanker is incredibly unusual and marks the Trump administration's latest push to increase pressure on Maduro, who has been charged with narcoterrorism in the United States.