Venezuela Financial News

from Chinese spying. The Kansas House's top GOP leader accused Gov. Laura Kelly of “apathy" toward serious national security threats from China and other nations declared by the U.S.

Indian oil refiner Reliance Industries has resubmitted a request to the U.S. for an authorization to import crude oil from sanctioned Venezuela, three people close to the matter said, and resume oil trade between the OPEC producer and the once second-largest destination for its oil. French oil producer Maurel & Prom separately on Monday said the U.S. on Friday granted it a license to conduct oil and gas operations in Venezuela for the next two years. The U.S. in April did not renew a general license for Venezuela to export oil and fuel to its chosen markets, and gave 45 days to companies to wind down transactions. But the U.S. had said some individual authorizations to foreign firms seeking to do oil business with Venezuela would be issued.

monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday. Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse the activity of major holders of the token, Tether said.

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Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations.

"Speaking Practice" feature is currently available in several countries, including Argentina, Colombia, India, Indonesia, Mexico, and Venezuela. Users interested in trying out this tool must join the Search Labs program to activate the speaking practice feature. Once enabled, it integrates into Google Search, offering users a more interactive and conversational experience.

illicit trade and unmanned aerial vehicle (UAV) transfer on behalf of the Iranian military, the US Department of Treasury said in an official statement. These companies, individuals and vessels have played a key role in financing and facilitating the clandestine sale of Iranian unmanned aerial vehicles (UAVs) to Russia’s war in Ukraine, it said. According to the US Department of Treasury, Sahara Thunder is the main front company that oversees Iran's commercial activities in support of these efforts.

A company started by a Texas billionaire oilman has announced a deal with Venezuela’s state-owned oil company to rehabilitate five aging oil fields

Tether, the issuer of the popular stablecoin USDT, has announced its intention to freeze addresses associated with sanctioned entities. 

The International Monetary Fund (IMF) is warming up to Bitcoin’s merits after years of criticizing and discouraging the use of crypto at large, according to crypto fund manager Bitwise.

Prompted by renewed US oil sanctions, Venezuela’s state-controlled oil company PDVSA intends to boost its use of digital currencies in crude oil and fuel exports, Reuters reported on Monday.

Mint had reported that OVL is in talks with its Venezuelan partner PdVSA to secure oil cargoes for settling the long pending dues to the ONGC arm. In response to a query, an OVL spokesperson said: "Our legal and marketing teams are working on the issue," adding the company would revert after a clear picture emerges. Queries sent to the Union ministry of petroleum and natural gas and Petroleos de Venezuela S.A.

Also Read:Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war? Brent futures were up 10 cents, or 0.11 per cent, to $87.39 a barrel, while US crude futures were 26 cents higher, or 0.31 per cent, at $82.95 a barrel. Both benchmarks had dropped over $1 at their intra-day lows, touching their weakest in around three weeks. Coming to domestic prices, crude oil futures were up 0.5 per cent higher at ₹6,969 per barrel on the multi commodity exchange (MCX).

NEW DELHI : Global crude oil prices edged marginally higher on Thursday, rebounding from a 3% drop the previous day, as concerns over demand and escalating tensions between Iran and Israel potentially impacting the oil market continue to trouble investors. As of 10:54 am, the June Brent contract on the Intercontinental Exchange was trading at $87.52 per barrel, a 0.26% increase from the previous close. Similarly, the May contract of West Texas Intermediate on NYMEX had risen by 0.17% to $82.83 per barrel.

The Biden administration has reimposed crushing oil sanctions on Venezuela in a rebuke to President Nicolas Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democrati...

Turkiye announced on Tuesday that Turkish authorities have initiated a requirement for Indian and Nepalese passport holders traveling to Mexico, Panama, Colombia, and Venezuela, transiting via Istanbul Airport, to obtain an 'Electronic Airport Transit Visa' (e-ATV). As per the embassy's statement shared on X by the Turkish Embassy in India, Indian and Nepalese passport holders subject to this requirement can obtain the e-ATV through the website «evisa.gov.tr» starting from April 15. Importantly, this service is provided free of charge, adhering to the current practice.

Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year: How has the U.S. economy managed to prosper, adding hundreds of thousands of jobs, month after mont...

Venezuelan prosecutors say they have arrested former Vice President Tareck El Aissami, the alleged “ringleader” of a “crypto plot” to embezzle money from state oil sales.

Venezuela’s government says the country’s former oil minister has been arrested on allegations of corruption

oil jumped above $90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence. A recent move by Mexico to slash its crude exports is compounding a global squeeze, prompting refiners in the US — the world’s biggest oil producer — to consume more domestic barrels. American sanctions have stranded Russian cargoes at sea, with Venezuelan supply a potential next target. Houthi rebel attacks on tankers in the Red Sea have delayed crude shipments. And despite the turmoil, OPEC and its allies are sticking with their production cuts. It all adds up to a magnitude of supply disruption that has taken traders by surprise. The crunch is turbocharging an oil rally ahead of the US summer driving season, threatening to push Brent crude, the global benchmark, to $100 for the first time in almost two years. That’s amplifying the inflation concerns that are clouding US President Joe Biden’s reelection chances and complicating central banks’ rate-cut deliberations.

Also Read: FY24 Review | Brent rises 9% in last 12 months on OPEC cuts, Middle-East tensions; Will crude oil hit $100 in FY25? Both benchmarks closed on Wednesday at their highest levels since October, having received support in recent days from the heightened geopolitical tensions and potential supply risks. Back home, crude oil futures last traded 0.94 per cent lower at ₹7,095 per barrel against a previous close of ₹7,162 per barrel on the multi commodity exchange (MCX).