The prospect that the United States could ease sanctions against Venezuela’s state oil company to compensate for Russia’s isolation from global markets has observers wondering how much crude the South American nation can add to a market marred by war in Ukraine. The most optimistic outlook from energy consultancy IPD Latin America sees production almost […]
Tag: Venezuela
Venezuela hopes that rapprochement with the United States advances, says vice president
The Venezuelan government hopes that the relationship with the United States can “advance” after the recent meeting between a White House delegation and President Nicolás Maduro in Caracas, Vice President Delcy Rodríguez said on Friday. “It is a first approach in development and we hope that in the framework of diplomacy and constructive dialogue it […]
The US says it will continue to press for Maduro’s departure
The United States assured this Friday that it will continue with its policy of pressure towards Venezuela after the illegitimate President Nicolás Maduro released two American prisoners and promised to resume negotiations with the political opposition in his country. Maduro’s decision took place after the trip to Caracas by high-ranking Washington officials over the weekend, […]
The US rethinks relations with Venezuela, Iran and Saudi Arabia
United States has long had three oil-producing countries at arm’s length —Venezuela, Iran and Saudi Arabia–, but now seeks a rapprochement at a time when oil prices fuel skyrocket amid the crisis stemming from the invasion russian from Ukraine. It’s not clear, though, whether US diplomacy can get more crude fast enough to ease current […]
US open to easing economic restrictions on Venezuela
The United States is willing to relax economic pressure on Venezuela depending on the outcome of upcoming talks between President Nicolás Maduro and the opposition, according to a senior Biden administration official. The comments indicate that President Joe Biden wants to see progress toward restoring democratic governance before allowing Venezuela to increase oil exports to […]
Pressure grows on Biden in the US after approaches to the Chavista regime in Venezuela
The US government was under mounting pressure to start lifting sanctions on Venezuela after illegitimate President Nicolás Maduro released two US prisoners and promised to resume talks with the opposition. Maduro’s goodwill gesture followed a trip to Caracas by high-ranking members of the White House and State Department over the weekend, which caught Maduro’s friends […]
War in Ukraine: Venezuela’s oil can meet US demand, says union
The war in Ukraine unleashed the crisis in the oil priceafter the sanctions imposed on Russia from United Stateswhich led to a rapprochement between the Joe Biden administration and Venezuelaand could represent an unexpected turn for Caracas, despite the support of Nicholas Maduro to Vladimir Putin. “The level of reaction of the United States approaching […]
The Bolivar, devalued but necessary in Venezuela
It is one of the most devalued currencies on the planet, but the bolívar in cash is still essential in the de facto dollarized Venezuela, since it solves retail operations in the face of the shortage of foreign currency, mainly dollars, of low denomination. In the shops and vendors of Quinta Crespo, a popular area […]
Chavista regime in Venezuela releases two Americans
The Chavista regime in Venezuela released two imprisoned Americans, including an oil executive held with several colleagues for more than four years, while seeking to improve its relations with the government of Joe Biden in the midst of Russia’s war in Ukraine, it announced the White House Tuesday night. Gustavo Cárdenas was released after a […]
Maduro tests capitalism and migrants begin to return
For years, one tragedy after another forced them out of Venezuela: hyperinflation, famine, outbreaks of malaria, and a blackout that left the entire country in darkness for a week. In all, six million people fled in what has become the largest humanitarian crisis in the Western Hemisphere; now, a reversal is starting to take shape. […]