Venezuela

US officials have announced that the United States has taken another Venezuelan-linked tanker. Officials told reporters on Thursday that the United States had seized another Venezuela-linked tanker, before a meeting with?U.S. Donald Trump and Venezuelan Opposition Leader Maria Corina Machado. The seizure marks the sixth vessel that has been targeted in the last few weeks, either for carrying Venezuelan oil in its cargo or having done so previously. Officials, who spoke on condition of anonymity said that the seizure occurred in the Caribbean. Southern Command of the U.S. Military confirmed that U.S. Forces apprehended Motor/Tanker Veronica without incident. The Veronica...

The International Energy Agency's chief energy economist said that it will take some time to ramp up oil production after years of neglect in Venezuela. Donald Trump, the U.S. president, has asked U.S. oil companies to invest $100 billion in rebuilding Venezuela's industry after U.S. troops removed Venezuela's president on January 3, during an overnight raid by U.S. forces. The IEA Chief Energy Economist, Tim 'Gould, told a?energy conference held in Norway on Tuesday that the short-term implication of Venezuelan developments are likely to be relatively limited. Official data show that Venezuela has the largest estimated oil reserves in the...

Moscow announced on Tuesday that the oil?assets? Russia develops in Venezuela are its property, and it will continue to work there. This follows Donald Trump's claim of control over Venezuela. TASS reported that Roszarubezhneft, a Russian company, said all of its assets in Venezuela belonged to Russia. It also stated it would honor its agreements with?international partners' there. Roszarubezhneft is owned by an entity of the Russian Ministry of Economic Development. It was founded in 2020, and shortly after acquired the Venezuelan assets of Russian state-owned oil company Rosneft. This happened following sanctions imposed at the time by Washington on...

Goldman Sachs stated in a Sunday note that oil prices will likely drift lower as a wave supply creates an excess on the market. However, geopolitical risk?tied to Russia Venezuela and Iran?will continue to drive volatility. The investment 'bank' maintained its forecasts for 2026 of $56/$52 a barrel for Brent/WTI and expects Brent/WTI to reach a low point at $54/50 by the end of the quarter due to OECD inventory buildup. Goldman Sachs stated that "rising global oil inventories and our forecast for a 2.3mb/d excess in 2026 suggests that rebalancing of the market will likely require?lower prices in 2026...

Donald Trump, the U.S. president, suggested on Sunday that Cuba make a 'deal' with Washington. He warned that the island nation would no longer be receiving oil or money from Venezuela. Venezuela is Cuba's largest oil supplier. However, since U.S. forces captured Venezuelan President Nicolas Maduro, Trump has successfully pressured interim president Delcy Rodrguez to send Venezuelan crude oil to the United States. "THERE WON'T BE ANY?MORE?OIL OR MONEY GOING CUBA – ZERO!" Trump said on Sunday that he strongly suggested they "make a deal" BEFORE it is too late. Trump stated that "Cuba has lived for many years on...

U.S. Energy Secretary Chris Wright stated on Friday that Chevron sees a 'pathway to increase its Venezuela production by?50%. His comments came after a meeting between President Donald Trump and oil companies in the South American country. Wright stated that Chevron had "said we could do additional things for them.... which are just approvals and permissions." Wright added that the company "sees a path to grow their production 50% within 18-24 months." Wright said Washington's relations with Venezuela were "fantastic," after the U.S. military seized ousted president Nicolas Maduro in a raid last weekend. Trump met Friday with executives of...

Venezuelan officials have 'begun to explore the potential of expanding diplomatic ties with the United States,' with the?U.S. State Department officials are traveling to Caracas, the State Department said in a Friday statement. Separately, the State Department said that?U.S. Officials were evaluating a "potential resumption of operations" in the South American nation. Washington and Caracas have signaled their desire for cooperation following last week's dramatic U.S. military operation which resulted in the capture of President Nicolas Maduro. Delcy Rodriguez, his vice president, took over as interim leader. The Venezuelan government announced in a press release that it had decided to...

On Friday, a key group of Venezuelan bonds holders said that they were prepared to begin debt restructuring talks with the country as soon as 'authorisation' was granted. Venezuela's defaulted government bonds surged in value this week, after the U.S. seized President Nicolas Maduro over the weekend. This fueled hopes that one of the largest sovereign debt restructurings could get underway. The current U.S. sanctions prevent engagement with Venezuelan officials without a special license or waiver. In a press release, the "Venezuela?Creditor?Committee" said that it was ready to begin a negotiated debt restructuring process when authorized. The group includes GMO,...

Reliance Industries, the operator of the largest refinery in the world, said on Thursday that it would 'consider' buying Venezuelan oil, if allowed to sell to non-US customers. In response to an email seeking comments, a spokesperson for Reliance Industries said: "We are waiting for clarity on the access of Venezuelan oil by non US buyers and we will consider buying the oil in compliance." email seeking comments. Caracas has reached an agreement with Washington to export 30-50 million barrels of Venezuelan crude oil to the United States, worth up to $2 billion. Reliance stopped purchasing Venezuelan crude oil in...

On Thursday, the U.S. Senate will consider a measure that would prevent President Donald Trump from taking any further military action against Venezuela without congressional approval. Supporters of the resolution said it could pass with a close vote. After the U.S. military captured Venezuelan president Nicolas Maduro during a dramatic raid on Caracas in Caracas on September 29, senators will vote to approve the latest of a series war power measures that have been introduced by the Obama administration since it increased military pressure against the country through attacks on boats near its coast. Republicans blocked all the measures but...

In an interview with the New York Times published early Thursday, U.S. president Donald Trump stated that "only time will show" how long the United States will continue to maintain their oversight of Venezuela. Trump replied: "I'd say it will be much longer." When asked by The Times how long he thought the situation would last, Trump responded, "I'd say much longer." Trump said of Venezuela that "we will rebuild it in a profitable way." He added, "We're going?to be taking oil and using oil." We are bringing down oil prices and we will be giving Venezuela money, which it...

These are the most popular stories from the Wall Street Journal. The Wall Street Journal has not verified these stories and cannot vouch for their accuracy. Donald Trump, the U.S. president, is planning to dominate Venezuela's oil industry in years to come. He told his aides that he believed his efforts would help lower oil prices at his preferred level of $50 per barrel. JPMorgan Chase and Goldman Sachs have reached an agreement to?take over the Apple credit card program. Warner Bros. Discovery advised its shareholders to reject Paramount’s amended hostile offer for the company. Discovery argued that its existing...

Gold ?extended its losses on Friday after stronger-than-expected U.S. economic data ?dampened expectations ?of the U.S. Federal Reserve cutting interest rates sooner and softening geopolitical frictions shrunk safe-haven demand for the metal. By 0426 GMT, spot gold was down 0.4% at $4,598.52 an ounce. The metal is expected to gain 2% in a week after reaching a record high of $4,642.72 last Wednesday. U.S. gold futures for delivery in February fell by 0.5% to $4.601,80. Kyle Rodda is an analyst with Capital.com. He said that the downward movement in gold began when the United States lowered the likelihood of any...

Gold prices declined on Wednesday, as the dollar rose on weaker than expected U.S. jobless claims data. Meanwhile, President Donald Trump’s more moderate stance on Iran weighed further on demand for gold. As of 09:32 am, spot gold was down by 0.3%, at $4,607.59 an ounce. ET (1432 GMT). On Wednesday, gold reached a new record of $4,642.72. U.S. Gold Futures for Delivery in February fell by 0.5% to $4.612.50. Data showed that new U.S. unemployment benefit applications unexpectedly dropped last week. This pushed the dollar index up to its highest level since December 2, and made bullion prices more...

Gold fell on Thursday, as investors took profits after the "yellow metal" hit a record the previous session. A softer tone by U.S. president Donald Trump towards the Federal Reserve Chair and Iran also dampened the demand for safe havens. As of 0652 GMT, spot gold was down by 0.3% to $4,608.77 an ounce. Bullion reached a record $4,642.72 per ounce on Wednesday. U.S. Gold Futures for Delivery in February fell by 0.5% to $4613.0. Ilya Spivak is the head of global macro for Tastylive. He said: "Today we are seeing that gold is down after (Trump said) maybe we...

Gold fell?on Friday as investors booked profits following three consecutive sessions of record highs. Meanwhile, an apparent softer tone by U.S. president Donald Trump towards the Federal Reserve Chair and Iran dampened demand for safe-haven bullion. As of 0322 GMT, spot gold was down by 0.8%, at $4,584.03 an ounce. The previous session saw bullion reach a record high of $4,642.72. U.S. Gold Futures for February Delivery fell 1% to $4,576.70. Ilya Spivak is the head of global macro for Tastylive. He said: "Today we are seeing that gold 'is down' a little bit after Trump said we might not...

Silver broke $90 for the first time and gold jumped to an all-time high. The escalating tensions in Iran, coupled with concerns about the Federal Reserve’s autonomy, fueled demand for safe havens, while lower inflation numbers boosted bets on rate cuts. Gold spot rose by 1.1%, to $4,636.78 an ounce, at 1210 GMT. This was after the gold price had reached a session high of $4.639.48. U.S. gold futures for delivery in February rose by 1% to $4643.90. Jamie Dutta is the chief market analyst for?Nemo.money. He said that prices are rising because of "well-known haven characteristics" amid increased geopolitical...

Silver surpassed the $90 mark for the first time, and gold climbed to a near record high. Weaker-than-expected U.S. readings of inflation fueled bets that interest rates will soon drop amid geopolitical uncertainties. As of 0406 GMT the spot gold price rose by 0.9%, to $4,627.95 an ounce, after hitting a record $4,634.33 per ounce on Tuesday. U.S. Gold Futures for February Delivery? rose 0.8% to $4635.60. Spot silver rose 4.6% to $90.95 per ounce, after breaking $90 for first time. Brian Lan, GoldSilver's Central managing director, said that the data was positive. The inflation rate and unemployment rate in...

The price of gold hit a new record on Tuesday as U.S. inflation data fueled bets that the Federal Reserve will cut rates this year. As of 11:21 am, spot gold rose 0.4% to $4.609.69 an ounce. ET (1621 GMT), after a session high of $4634.33. U.S. Gold Futures for February Delivery rose by 0.1% to $4 617.90. David Meger said that the CPI data was a factor in the slight 'positive' tone in the market. This is because the CPI data indicates a greater likelihood of future Fed rate cuts. The core Consumer Price Index for the U.S. The...

Gold hit a new record on Tuesday as U.S. data on inflation fueled?bets that the Federal Reserve will cut rates this year. Meanwhile, persistent geopolitical and economic uncertainty drove demand for safe-haven assets. Silver also reached a new peak. As of 09:50 am, spot gold rose 0.8% per ounce to $4631.19 ET (1450 GMT) followed a session high of $4634.33. U.S. Gold Futures for February Delivery rose by 0.6% to $4641.30. David Meger said that the CPI data was a factor in the slight positive market tone. This is because the CPI data indicates a greater likelihood of Fed rate...

Investor caution before key inflation data slowed the upward momentum. Gold prices were mostly stable near their all-time high on Tuesday. Supported by concerns about Russia's intensified attacks?on?Ukraine?and?the situation in Iran?, gold prices were relatively steady. As of 1134 GMT spot gold was trading 0.2% lower, at $4,586.15 an ounce, after hitting a new record high of $4629.94 the previous session. U.S. Gold Futures for February Delivery fell 0.4% to $4,595.10. "A modest improvement?in U.S. dollars, driven by hawkish remarks from a Fed official and investors' attention?on the U.S. CPI release later in the session act as a headwind for...

Gold prices were largely stable on Tuesday. They traded below the record $4,600/ounce price?reached in the previous session amid increased geopolitical uncertainty and economic instability as investors booked profits. As of 0357 GMT spot gold was little changed at $4.593.81 an ounce, while U.S. futures for gold delivery in February fell 0.3% to $4.602.70. Kyle Rodda is a senior analyst at Capital.com. He said, "There are probably some people who want to make a quick profit. But as we saw yesterday, the dip during Asia hours can be purchased pretty quickly." Bullion climbed over 2% in the previous session to...

On Monday, gold reached a record-high of $4,600, and?silver set a new high, as the?criminal investigation?by Trump's administration into Federal Reserve Chairman Jerome Powell sent back investors into the asset seen as a haven. Gold spot jumped by 1.7%, to $4,584.12 an ounce, at 1159 GMT. It had earlier reached a record-high of $4,600.33. U.S. Gold Futures for February Delivery gained 2.1% to $4,595. Zain Vawda is an analyst at MarketPulse, by OANDA. He said: "With the Fed’s independence openly contested now, the ‘political risk’ discount normally reserved for emerging markets has bled into the U.S. Dollar, driving investors towards...

On Monday, gold prices rose by about 2%, reaching an all-time record of $4,600 per troy ounce. Silver also broke a new record, after the Trump administration launched a criminal investigation into Federal Reserve Chairman Jerome Powell. Gold spot jumped by 1.9%, to $4,596.05 an ounce, at 0931 GMT. It had earlier reached a session high of $4600.33. U.S. Gold Futures for 'February Delivery' gained 2.3%, reaching $4,606.20. Zain Vawda is a?analyst with MarketPulse, by OANDA. He said that the Fed's independency has been openly questioned, and the "political risks" discount, which was usually reserved for emerging markets, is now...