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The Latest Breaking News from Oil

Monday briefing: Why the US moved to oust Venezuela’s president

In today’s newsletter: Saturday’s capture of Nicolás Maduro by the US was as unexpected as it was swift – but what led Trump to topple the South American regime?

The Guardian - UK

Trump Factor Looms as Starlink Offers Free Internet to Venezuela Amid Power Blackouts

US President Donald Trump launches military operation to capture Venezuelan President Nicolás Maduro, et. al.; Starlink offers free internet to outage-affected citizens.

International Business Times UK

Rubio: US to enforce oil blockade but not govern Venezuela post-Maduro

US Secretary of State Marco Rubio suggested that Washington will seek to influence policy change in Venezuela through oil blockades, but not be involved in the day-to-day running of the country following a Saturday operation which overthrew and captured Nicolas Maduro.

Euronews

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Before toppling Maduro, the US spent decades pressuring Venezuelan leaders over its oil wealth

After US special forces swooped into Caracas to seize Venezuelan President Nicolás Maduro and topple his government, US President Donald Trump said the United States will now “run” Venezuela, including its abundant oil resources.

The Conversation

Markets show mixed reaction after US capture of Venezuelan leader

The price of oil edged higher and precious metals have jumped after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend raid

The Independent UK

Aussie shares flat as oil swings on US-Venezuela coup

The raw materials sector has outweighed broader weakness to ballast the bourse, despite oil stocks slipping after the US captured Venezuela's president.

AAP

Crude oil prices rise after Maduro ouster as Wall Street braces for a big week that will put the U.S. economy back on Trump’s radar

"The physical global oil market situation remains the same. Oil prices have declined due to an oversupplied global oil market."

Fortune

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Trump Promised Oil Chiefs $1 Billion Deal for Their Wish List, Now Venezuela's Resources at Stake, Critics Say

US Congressman Dan Goldman claims Trump's Venezuela operation is a 'massive gift' to oil executives who donated $500 million after the president promised them favourable policies.

International Business Times UK

OPEC+ sticks with plan to keep oil flow steady amid turmoil

Key members led by Saudi Arabia and Russia agreed on Sunday to keep production levels steady through the end of March.

Fortune

Trump once called the Iraq war a ‘big, fat mistake.’ Now he needs to calm the GOP after saying he’s not afraid to put boots on the ground in Venezuela

Rep. Brian Fitzpatrick, a moderate Republican, said “the only country that the United States of America should be ‘running’ is the United States of America.”

Fortune

Rubio suggests the U.S. won’t govern Venezuela day-to-day and will use oil quarantine to exercise control

The comments stood in contrast to Trump’s broad but vague claims that the U.S. would at least temporarily “run” the oil-rich nation.

Fortune

MTG breaks with Trump one last time and claims US involvement in Venezuela ‘doesn’t serve’ American people

Greene says Trump’s voters ‘sick and tired’ of foreign policy focus that she says enriches wealthy interests

The Independent UK

Meet Venezuela’s new leader Delcy Rodríguez, a longtime socialist who turned to market reforms after the economy collapsed

"Rodríguez cannot guarantee the stability required for the business operations Trump emphasized several times during his remarks on the operation."

Fortune

Donald Trump warns of ‘big price to pay’ if Caracas fails to toe line

Washington keeping 15,000-strong military presence in Caribbean in case interim president hinders US objectives

The Guardian - UK

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Euronews

Spain and five Latin American countries reject US attack on Venezuela in joint communiqué

Spain, Brazil, Chile, Colombia, Mexico and Uruguay issued a joint statement rejecting 'the unilateral military operations in Venezuela' and warn against exploiting its natural resources. The signatories say the operation to oust Maduro was conducted in violation of international law.

Fortune

Rubio says the U.S. doesn’t need Venezuelan oil but seeks to deny adversaries control over it—and doesn’t rule out occupying the country

"What we're not going to allow is for the oil industry in Venezuela to be controlled by adversaries of the United States."

The Independent UK

Venezuela strikes mapped: Where did US hit during operation to capture Maduro?

The airstrikes struck La Guaira Port and the Higuerote Airport in Miranda, according to the Institute for the Study of War

International Business Times UK

Venezuela VP Accuses US of 'Oil Grab' After Maduro Seized in Shock Regime Change Strike

Delcy Rodriguez denounced US actions on state TV, claiming Washington seeks Venezuela's oil and natural resources through regime change.

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The Independent UK

Rubio dodges questions on Trump’s pardoning of drug trafficker after Maduro charges

Trump’s top diplomat can’t say who is in charge day-to-day of running Venezuela or when U.S. will hold elections as Trump promised

Axios

Who is Delcy Rodríguez, Maduro's No. 2 now leading Venezuela?

She's long been Maduro's fierce defender. Now she holds Venezuela's future.

The Independent UK

Delcy Rodriguez: Who is the Maduro ally set to be sworn in as Venezuela’s new leader?

Delcy Rodriguez is the daughter of a revolutionary leader poised to take control of Venezuela after years spent climbing the ranks under Nicolas Maduro

International Business Times UK

Wall Street Targets Venezuela Oil And Infrastructure For Massive March Investment

Wall Street investment firms are exploring massive oil and infrastructure opportunities in Venezuela amid shifting sanctions and political developments.

Fortune

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

Maduro is now in the U.S. to face criminal charges after deposed Venezuelan leader smiles while escorted by DEA agents

After arriving at a small airport in New York City's northern suburbs, Maduro was flown by helicopter to Manhattan.

The Guardian - UK

Trump’s focus on Venezuelan oil reinforces claim action was never about ‘war on drugs’

US president claims US will take back ‘stolen’ oil, but experts say no legal claim to natural reserves exists

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