Nicolas Maduro News

Russian Oil Tanker Arrives in Cuba's Matanzas Port

A Russia-flagged tanker carrying some 700,000 barrels of crude arrived in Cuba's Matanzas Bay at daybreak on Tuesday, according to a Reuters witness and shipping data, marking the first significant oil delivery since the Trump administration cut off the island's fuel supply.The Anatoly Kolodkin vessel, under U.S. sanctions, entered Cuban territorial waters late on Sunday not far from the U.S. Navy base at Guantanamo Bay. The U.S. said it was allowing the tanker to deliver fuel…

Report: US to Allow Russian Oil Tanker to Reach Cuba

The U.S. is allowing a Russian tanker full of crude oil to reach Cuba, the New York Times reported on Sunday, possibly granting a lifeline to the Caribbean island amid a de facto oil blockade imposed by Washington.Ship tracking data showed the Russian-flagged tanker Anatoly ⁠Kolodkin on Sunday was just off the eastern tip of Cuba.The Times report, citing a U.S. official briefed on the matter, said it was unclear why the U.S. Coast Guard was allowing the shipment to go through.

US Energy Secretary: Oil Prices Are Not High Enough to Cause Demand Destruction

Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained near $100 a barrel due to the U.S.-Israeli war on Iran.The world is enduring one of the worst energy crises in decades following the closure of a key shipping channel and attacks on energy infrastructure in the Middle East that have caused long-term damage. Oil prices have climbed to multi-year highs and fuel prices in the U.S.

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile.Trump’s wager has only partly paid off. U.S. oil prices have risen less sharply than those elsewhere since U.S.-Israeli air strikes against Iran on February 28 ignited a regional war that rapidly engulfed the Middle East’s energy infrastructure…

1M Barrels of Venezuelan Crude Headed to China

North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, Bloomberg News reported on Monday, citing a document.The cargo may be the first delivery of Venezuelan oil to the Asian country since the US took control of the nation's oil sales earlier this year, the report said.U.S. President Donald Trump has been taking steps to ease sanctions against Venezuela following the arrest of President Nicolas Maduro and urging U.S.

Tanker Carrying Fuel Likely Bound for Cuba Stops

A Hong Kong-flagged tanker carrying fuel likely bound for Cuba has halted navigation in the Atlantic Ocean, ship tracking data showed on Wednesday, a blow for the oil-thirsty Caribbean nation.The tanker Sea Horse loaded through a ship-to-ship transfer in the Mediterranean before departing towards the Caribbean Sea, according to monitoring service TankerTrackers.com. The vessel had been expected to arrive in Cuban waters later this week, according to its speed and trajectory.Hongkong Hangda Shipping LTD…

Cuba Kills Four on Florida-Based Speedboat that Opened Fire

Cuban forces killed four people and wounded six others aboard a Florida-based speedboat that entered Cuban waters on Wednesday and opened fire on a Cuban patrol, the Cuban government said at a time of heightened tensions with the United States.The wounded were evacuated and receiving medical attention, while the Cuban patrol commander was also wounded, Cuba's Interior Ministry said in a statement, adding that the matter was under investigation to clarify exactly what happened.The highly unusual incident took place as the United States has blocked virtually all oil shipments to the island…

First Venezuela Oil Cargoes Chartered Since US Supply Deal

Trading houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCCs) to export from the South American country since a Caracas-Washington supply deal began, which is set to speed up shipments starting in March while boosting deliveries to India, according to four sources and data.Trading firms Vitol and Trafigura have been exporting Venezuelan crude and fuel since January as part of a $2 billion deal between the U.S. and Venezuela after the capture of President Nicolas Maduro by U.S.

US Seizes Third Indian Ocean Oil Tanker

U.S. military forces seized a sanctioned oil tanker in the Indian Ocean after tracking it from Caribbean waters, the Pentagon said on Tuesday, adding that it was the third such interdiction in that region.After capturing Venezuelan President Nicolas Maduro in a military raid last month in Caracas, Washington has escalated its blockade on vessels that are under sanctions and going to and from the South American country, a member of the OPEC oil producers' group.In a post on X, the U.S. Department of Defense said its forces boarded the Bertha overnight.

Trinidad Hopeful for Offshore Gas Projects with Venezuela

Trinidad and Tobago's government is optimistic two flagship offshore gas projects with neighboring Venezuela to be operated by Shell, BP and Trinidad's National Gas Company will move forward amid political changes in the OPEC country, the energy minister of the twin-island nation said on Wednesday.The U.S. has been relaxing sanctions on Venezuela's energy industry as part of an ambitious $100 billion reconstruction plan since U.S. forces captured President Nicolas Maduro last month.

US Boards Another Venezuela-Linked Tanker in Indian Ocean without incident

U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela."Overnight, U.S. military forces conducted a right-of-visit, maritime interdiction and boarding on the Aquila II without incident " Hegseth wrote in a post on X. "It ran, and we followed."After capturing Venezuelan President Nicolas Maduro in a military raid last month in Caracas, the U.S.

U.S. Military Boards Suezmax Tanker Aquila II

U.S. military forces boarded a crude oil tanker in the Indian Ocean after pursuing it from the Caribbean, Defense Secretary Pete Hegseth said on Monday, accusing the vessel of breaching Washington's blockade on sanctioned vessels traveling to or from Venezuela."Overnight, U.S. military forces conducted a right-of-visit, maritime interdiction and boarding on the Aquila II without incident " Hegseth wrote in a post on X. "It ran, and we followed."After capturing Venezuelan President Nicolas Maduro in a military raid last month in Caracas, the U.S.

Load of Venezuelan Oil Ships to Repsol

About 2 million barrels of Venezuelan heavy crude are being sent to refineries owned by oil producer Repsol in Spain, following purchases the company negotiated with trading house Trafigura, according to shipping schedules seen by Reuters.Trafigura and Vitol were granted U.S. licenses last month to export millions of barrels of Venezuelan oil to the U.S. and other destinations, following the U.S. capture of President Nicolas Maduro. The companies have since been storing the oil in Caribbean terminals and marketing cargoes to refiners in the U.S.

Venezuelan Oil Exports Increase to 800,000 bpd in January Under US Control

Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed.Washington imposed an oil embargo on the U.S.-sanctioned country in December to pressure Maduro and seized seven tankers.The blockade led to the accumulation of more than 40 million barrels of crude and fuel in onshore tanks and vessels…

Chevron to Boost Exports of Venezuelan Oil to US in March

Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, two sources with knowledge of the plans said on Wednesday.The U.S. company, which is the main partner of Venezuela's state-run energy firm PDVSA, has chartered about a dozen tankers to increase shipments and drain inventories accumulated at its projects since December, when a U.S. blockade hit the OPEC country's exports…

Oil Prices Drop 2% as Trump Tones Down Threats Against Greenland, Iran

Oil prices slid about 2% on Thursday after U.S. President Donald Trump softened threats against Greenland and Iran, and as investors assessed the supply-demand outlook.Brent futures fell $1.01, or 1.6%, to $64.23 a barrel at 11:26 a.m. EDT (1626 GMT). U.S. West Texas Intermediate (WTI) crude fell 96 cents, or 1.6%, to $59.66 a barrel, headed for its lowest close since January 15.Trump said he had secured total and permanent U.S. access to Greenland in a deal with NATO, whose head…

Venezuelan Oil Exports Progress Slowly Under US Supply Deal

Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data and documents from state-run PDVSA showed, with shipments accelerating after the U.S. eased its blockade but not enough for PDVSA to fully reverse output cuts.Following the U.S. capture of President Nicolas Maduro in early January, Caracas and Washington agreed to a deal to sell up to 50 million barrels of Venezuelan crude stored in tanks and vessels. Trading houses Vitol and Trafigura obtained the first U.S.

U.S. Seizes Seventh Venezuela-Linked Tanker

The U.S. military said it seized a Venezuela-linked tanker on Tuesday in the Caribbean, marking the seventh such apprehension since the start of U.S. President Donald Trump's month-long campaign to control Venezuela's oil flows.The U.S. military's Southern Command, which is overseeing nearly a dozen warships and thousands of troops in the Caribbean, said in a statement it apprehended the Motor Vessel Sagitta "without incident.""The apprehension of another tanker operating in defiance…

US Seizes Venezuela-Linked Tanker Ahead of Trump-Machado Meeting

The United States has seized another Venezuela-linked tanker, U.S. officials told Reuters on Thursday, ahead of a meeting between U.S. President Donald Trump and Venezuelan opposition leader Maria Corina Machado.The seizure marks the sixth vessel targeted since mid-December that was either carrying Venezuelan oil or had done so in the past. The officials, speaking on the condition of anonymity, said the seizure took place in the Caribbean.The U.S. military's Southern Command confirmed the pre-dawn operation, saying U.S.

US Files for Warrants to Seize Dozens More Tankers

The U.S. government has filed for court warrants to seize dozens more tankers linked to the Venezuelan oil trade, four sources familiar with the matter said, as Washington consolidates control of oil shipments in and out of the South American country.The U.S. military and Coast Guard have seized five vessels in recent weeks in international waters that were either carrying Venezuelan oil or have done so in the past. The seizures were part of Washington's campaign to force Venezuelan President Nicolas Maduro out of power that culminated in U.S.

Supertankers Resume Venezuelan Oil Exports After Standstill

At least two supertankers, not under sanctions, were departing Venezuelan waters on Monday carrying crude, according to monitoring service Tankertrackers.com and shipping records from state-run company PDVSA seen by Reuters.Venezuela's oil exports had remained at an almost complete standstill since mid-December, when U.S. President Donald Trump announced a blockade of all sanctioned vessels going in and out the OPEC country's waters.U.S. forces intercepted and seized five Venezuela-linked vessels as a way to pressure the government…

Supertankers Picking Up Venezuelan Oil for China Turn Around

Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the U.S. oil embargo on the OPEC country have made u-turn and are now heading back to Asia, LSEG shipping data showed on Monday.Following the U.S. announcement last week of a $2 billion deal to export up to 50 million barrels of Venezuelan oil stuck in storage, U.S. president Donald Trump said China would not be deprived of Venezuela's crude.But the Asian country, the first market of the South American nation's oil…

Companies Scramble to Assemble Operations for Venezuelan Crude Exports to US

Oil companies aiming to participate in new exports of Venezuelan crude to the U.S. following the ouster of President Nicolas Maduro are in hasty discussions to find tankers and put together operations to transfer the crude safely from vessels and dilapidated Venezuelan ports, four sources familiar with the operations said.Trading houses and oil companies, including Chevron, Vitol and Trafigura, are competing for U.S. government deals to export crude from Venezuela, sources said…