Global investors are facing a fresh surge in geopolitical risk after the U.S. capture of Venezuelan President Nicolas Maduro, a move that could unlock the nation's vast oil reserves and boost risky assets over the longer-term but prompt a flight to safety when trading resumes. President Donald Trump said the U.S. would take control of the oil-producing nation, while Maduro, whom the U.S. has repeatedly accused of running a "narco-state" and rigging elections, was in a New York detention centre [Read more]
US oil refiners win, Chinese rivals lose in Trump’s Venezuela strike: Bousso
The U.S. military’s ouster of Venezuelan President Nicolás Maduro is set to swiftly reroute the country’s oil exports back toward the United States – and away from China. That will give U.S. refiners an immediate boost, but President Donald Trump’s plans to revive production in the Latin American country may be slower to materialize. Speaking on Saturday after announcing Maduro’s arrest on Truth Social, Trump said he would maintain the U.S. embargo on exports of sanctioned Venezuelan crude [Read more]
Russia’s Medvedev says Trump’s actions in Venezuela are unlawful but consistent
Dmitry Medvedev, deputy chairman of Russia's Security Council, said on Sunday that the actions of U.S. President Donald Trump in Venezuela were unlawful but consistent because he was defending U.S. interests, TASS news agency reported. "It must be acknowledged that, despite the obvious unlawfulness of Trump's behaviour, one cannot deny a certain consistency in his actions. He and his team defend their country's national interests quite harshly," he told TASS. Medvedev said Latin America [Read more]
Trump says US will run Venezuela after Maduro seized
Venezuela's toppled leader Nicolas Maduro was in a New York detention center on Sunday awaiting drug charges after President Donald Trump ordered an audacious raid to capture him, saying the U.S. would take control of the oil-producing nation. The image of the 63-year-old Maduro blindfolded and handcuffed en route to the U.S. has stunned Venezuelans and was Washington's most controversial intervention in Latin America since the invasion of Panama 37 years ago. He is due to appear in a [Read more]
OPEC+ keeps oil output steady amid turmoil among members
OPEC+ kept oil output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group's members. Sunday's meeting of eight members of OPEC+, which pumps about half the world's oil, came after oil prices fell more than 18% in 2025 — their steepest yearly drop since 2020 — amid growing oversupply concerns. Tensions between Saudi Arabia and the UAE flared last month over a decade-long conflict in Yemen, when a UAE-aligned group [Read more]
Venezuela’s billions in distressed debt: Who is in line to collect?
The toppling of President Nicolas Maduro has thrust Venezuela's debt crisis - one of the world's largest unresolved sovereign defaults - into the limelight. Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in late 2017 after missing payments on international bonds issued by the government and state oil company, Petroleos de Venezuela, known as PDVSA. Since then, accumulated interest and legal claims tied [Read more]
Venezuela’s PDVSA asks some joint ventures to cut back oil output, sources say
Venezuela's state-run oil company PDVSA is asking some joint ventures to cut back crude production amid an export paralysis, three sources close to the decision said on Sunday, adding pressure to an interim government trying to hang on to power. The moves include shutting down oilfields or well clusters as stocks stored onshore mount and the company runs out of diluents to blend Venezuela's heavy crude for shipment. Caracas is in political crisis under an interim government after President [Read more]
No quick wins in tapping Venezuela’s oil reserves
Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump just hours following The South American country may have the world's largest estimated oil reserves, but output has plummeted over the past decades amid and a lack of investment from foreign firms after Venezuela nationalized oil operations in the 2000s that included the assets of Exxon Mobil and ConocoPhillips. Any [Read more]
Venezuela’s oil exports paralyzed amid political turmoil, sources say
Venezuela's oil exports, which had fallen to a minimum amid U.S. President Donald Trump's announced blockade of all sanctioned tankers going in and out of the country's waters, are now paralyzed as port captains have not received requests to authorize loaded ships to set sail, four sources close to operations said on Saturday. The paralysis emerges as the U.S. extracted President Nicolas Maduro and his wife from capital Caracas and announced it will oversee a political transition in the South [Read more]
Investors and economists react to US capture of Venezuela’s Maduro
The United States said it had struck Venezuela and captured its long-serving President Nicolas Maduro on Saturday, after months of accusing him of drug-running and illegitimacy in power, marking a dramatic escalation in geopolitical tensions. "The United States of America has successfully carried out a large-scale strike against Venezuela and its leader, President Nicolas Maduro, who has been, along with his wife, captured and flown out of the country," President Donald Trump said in a Truth [Read more]
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