City Caracas Financial News

Subscribe to enjoy similar stories. New Delhi is positioning for an oil windfall from Venezuela, as the South American nation prepares to re-route hundreds of thousands of crude oil barrels currently shipped to China. As American sanctions on Venezuela end, Caracas may dispatch to India and the US 400,000 barrels per day that it now sends to Beijing, three people aware of the matter said.

Subscribe to enjoy similar stories. When Venezuela booted out American oil companies in a nationalization campaign nearly two decades ago, China stepped in. Now, Beijing’s foothold there is in doubt as the U.S.

Subscribe to enjoy similar stories. WASHINGTON—A Justice Department memo asserted that the support of the Venezuelan opposition led by Maria Corina Machado for U.S. action to oust Nicolás Maduro helped President Trump’s legal case to overthrow him, people familiar with the matter said.

Subscribe to enjoy similar stories. Iranian Supreme Leader Ali Khamenei said Friday the Islamic Republic won’t back down in the face of fast-growing protests and threats from President Trump to intervene. New protests have been called for Friday, a day after the largest demonstrations in years swept through Tehran.

Subscribe to enjoy similar stories. America’s enchantment with Venezuelan oil is a century-long tale of fortunes made and lost, starting with a 1922 letter to President Warren Harding’s secretary of state and culminating with President Trump’s move to wrest control of the country’s oil wealth. U.S.

Subscribe to enjoy similar stories. You know Iran’s leaders are worried about the implications of last weekend’s US raid in Venezuela when the editor of the hardline Javan newspaper feels he has to write a polemic, headlined Iran Is Not Comparable—Don’t Waste Your Time, saying there aren’t any.

Subscribe to enjoy similar stories. Tensions mounted in Venezuela following recent US military strikes on Caracas and the capture of its President Nicolás Maduro and his wife, Cilia Flores. According to a PTI report, a possible US-backed restructuring of Venezuela’s oil industry could deliver a meaningful financial and strategic gain for India, including recovery of nearly US$1 bn in long-pending dues and a restart of crude production from fields involving Indian companies.

The unfolding crisis in Venezuela draws into sharp relief a less-recognized feature of the modern global economy: the movement of expectations often matters more than that of physical goods. Venezuela has long been a distant yet symbolically important pillar of India’s energy security framework.

Removing Venezuela’s dictator introduced ‘Trump’s Corollary’ in Latin America with an exclamation point. The White House’s updated take on the Monroe Doctrine had its baptism of fire on Saturday, when US forces captured Nicolás Maduro at his Caracas stronghold, decapitating the Chavista regime responsible for bankrupting one of the world’s richest oil nations. Less than a month after Washington unveiled a new National Security Strategy pledging to restore American pre-eminence in the Western Hemisphere—by force if necessary—Maduro and his wife were on their way to New York to face “narco-terrorism” charges.

The US security plan’s focus on the Western hemisphere burst into the global spotlight with America’s “capture” from Caracas of its president Nicolás Maduro, who might be charged with support for drug-trafficking and terrorism. Washington, said US President Donald Trump, would run Venezuela till it’s deemed ready for self-rule.

Caracas will determine the fate of India's multi-billion dollar investments and hefty dividends.Indian investments in Venezuela have been stuck, said an official with an official with a state-run firm with major stakes in the country. "Volatility brings in concern, but we will have to watch out for the way forward. An opening-up of the market may allow more supplies," the official said on the condition of anonymity.ONGC Videsh Ltd (OVL), the overseas arm of Oil and Natural Gas Corp.

US operation in the South American nation should drive crude oil lower over time which should be positive for India, said Ashish Gupta, chief investment officer of Axis Mutual Fund. He added that he did not expect a knee-jerk reaction from markets at opening on Monday.“In the past two to three years, markets have not reacted significantly to geopolitical events whether in Europe or West Asia and I don't expect one after the Venezuela takeover either.

On 3 January, the US carried out airstrikes on Caracas in the backdrop of heightened tensions in the Caribbean and its recent interdictions of vessels alleged to be carrying narcotics in Venezuelan waters. The White House framed this operation as a necessary move to dismantle narco-terrorist efforts and halt weapons being sold to anti-US forces. This large-scale operation included the ‘capture’ of Venezuela’s leader Nicolás Maduro and there is enough to suggest that its aims were wider than claimed.

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plea for peace was especially rich given his history as an M-19 terrorist.Millions of Venezuelan expat communities around the world erupted in celebration. For the first time in a quarter-century of authoritarian chavismo, a return to democracy and pluralism is possible. Venezuelans want to go home.But the job isn’t finished.

US President Donald Trump invoked rarely used US wartime legislation to fly the Venezuelans to El Salvador on March 16, without the migrants being afforded any kind of court hearing. Salvadoran President Nayib Bukele said 238 Venezuelans were sent to his country after the United States accused them of being part of the Tren de Aragua criminal gang. It is an «embarrassment that has been committed with the kidnapping and forced disappearance of 324 Venezuelan migrants who were taken to a Nazi concentration camp in El Salvador,» Maduro said at a meeting in Caracas with foreign ministers from the Bolivarian Alliance for the Peoples of Our America (ALBA) bloc. Maduro did not explain where he got the figure from, and acknowledged that he does not yet have an official list.

Subscribe to enjoy similar stories. US President Donald Trump has sent yet another signal that he has no qualms deploying tariffs as a geopolitical weapon. As reported, he has now said the US would levy a 25% tariff on all imports from any country that purchases oil or gas from Venezuela, a country that has been under US sanctions but whose finances he evidently wants to squeeze harder.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Paraguay has hit a new milestone in its illegal crypto mining crackdown, equalling the tally of Bitcoin (BTC) mining rigs seized in Venezuela.

A few months ago, Edmundo González’s life in retirement consisted of academic conferences, visiting old friends and playing with grandchildren at his Caracas high-rise. Few in Venezuela knew him. Now, the soft-spoken 74-year-old is the opposition’s presidential candidate in the July 28 election and what analysts say could be a last hope for democracy in a country ruled for 11 years by the strongman he is challenging, President Nicolás Maduro.

Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than $400 million