
Venezuela Signs Potentially Production-Boosting Oil and Gas Deals with U.S. Companies
The interim president said the new energy agreements represent a convergence of interests between Venezuela and the United States.

The interim president said the new energy agreements represent a convergence of interests between Venezuela and the United States.

Acting president Delcy Rodríguez welcomed new reforms, calling them a “historical leap” for Venezuela’s economy.

Asked about the future duration of U.S. control of Caracas, Trump remarked “Only time will tell.”

Washington’s demand for Venezuelan oil has deepened tensions after the arrest of former president Nicolás Maduro.

The deposed Venezuelan leader denied the narco-terrorism charges in court, insisting he is still president of his country.

Ousted Venezuelan President Nicolás Maduro is being held in a Brooklyn prison until prosecutors decide where he would face trial.

Oil markets reacted immediately to Washington’s announcement, with the price of crude climbing, as traders weighed up the risk of losing a potential million barrels a day from the global supply chain.

Venezuela called the move “piracy” as Washington said the ship carried sanctioned oil from Iran and Caracas.