Get all your news in one place.

100's of premium titles.
One app.

Start reading

Get all your news in one place.

100's of premium titles. One news app.

Start reading

The Latest Breaking News from Francisco Monaldi

Venezuela has the world's largest proven oil reserves, but it can’t solve for the Strait of Hormuz ‘math problem’

Venezuelan oil is a 'drop in the bucket' of the global supply shortage triggered by the Iran war.

Fortune · Mar 17

If Venezuela becomes a major oil producer again, 'that could cement lower prices' long term and put pressure on Russia, analyst says

“There’s been a big benefit for Russia to see Venezuela’s oil industry collapse. And the reason is because they were a competitor on the global stage for that oil market.”

Fortune · Jan 4

Trump's plan to seize and revitalize Venezuela's oil industry faces major hurdles

President Donald Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing that country's president in a military raid isn't likely to have a significant immediate impact on oil prices

The Independent UK · Jan 4

From analysis to the latest developments in health,
read the most diverse news in one place.

A U.S. oil blockade on Venezuela could ‘devastate’ its economy and further pressure Maduro. But how far is Trump willing to take it?

Questions abound about whether the White House will add new sanctions to oil tankers trekking to Venezuela and how broad the oil blockade will become.

Fortune · Dec 17, 2025

Everything the Trump administration is doing in Venezuela and South America involves oil—even if the White House won’t admit it

The U.S. is weighing its military options in oil-rich Venezuela, influencing elections in other South American petroleum nations, and increasingly trying to control natural resources in the Americas.

Fortune · Dec 14, 2025

US seizure of rogue oil tanker off Venezuela signals new crackdown on shadow fleet

The recent seizure of an oil tanker known as Skipper by the U.S. off the coast of Venezuela marks a dramatic escalation of President Donald Trump’s campaign to choke off Venezuelan leader Nicolás Maduro’s access to oil revenues

The Independent UK · Dec 11, 2025

Tensions rise in Guyana as Maduro uses border dispute to build support ahead of Venezuela poll

An old territorial claim to part of Guyana rich in oil and gold has proved useful for Hugo Chávez’s successor. But the land grab has sparked outrage among the Guyanese

The Guardian - UK · Jul 21, 2024

Read news from The Economist, FT, and more,
with one subscription

Will Sanctions Easing Reboot Venezuela's Oil Industry?

On paper, the easing of US oil sanctions against Venezuela should allow its battered economy to once again profit from a resource it has more of than any country in the world.

International Business Times · Jan 22, 2024

Oil spills increase in Venezuela as it revs up output after the U.S. lifted sanctions

After the U.S. lifted its sanctions, Venezuela is trying to revive its beleaguered oil industry. But ramping up production is causing more oil spills.

WEKU · Nov 29, 2023

Trinidad offers to pay for Venezuelan gas with humanitarian supplies

Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro.

Reuters · Jan 25, 2023

Coverage From

People

Luiz Inácio Lula da Silva

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Transparency International

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.