WASHINGTON/CARACAS: Venezuela and the United States have reached a deal for Caracas to export up to $2 billion worth of crude oil to the US, President Donald Trump announced Tuesday, a landmark agreement redirecting shipments from China while easing pressure on Venezuela’s oil sector. Read More: Oil prices rise as Venezuela bonds surge after US captures Maduro The […]
energy sanctions
Trump says Venezuela will supply up to 50m barrels of oil to US
US President Donald Trump said on Tuesday that Venezuela interim government has agreed to deliver between 30 and 50 million barrels of oil to the United States. He said the proceeds from the sale of the oil would be overseen by him as president. In a social media post, Trump said the oil would be […]
Russia delays LNG output target amid sanctions pressure
Russia has delayed its plan to reach an annual liquefied natural gas (LNG) production target of 100 million tonnes by several years, citing the impact of Western sanctions imposed over the conflict in Ukraine, Deputy Prime Minister Alexander Novak said on Thursday. Read More: EU approves 2027 Russian gas ban Speaking to state television Rossiya-24, Novak said […]