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Venezuela's state-run PDVSA reported external hydrocarbon sales of $17.52 billion in 2024. This occurred during a period when ...
These changes may decrease the country’s oil revenues, which were approximately $15 billion in 2024, by as much as 30%, analysts estimated. As oil money dwindles, the Venezuelan government is ...
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, ... industry events and directly to consumers. Follow Us ...
Though Washington eased some sanctions on Venezuela’s oil and gas sector in 2023, signaling a potential détente, Caracas’s failure to meet conditions for a fair election prompted the U.S ...
Venezuela’s oil output plummeted from a production of 1.9 million bpd in mid 2017, before sanctions were imposed, to historic levels below 350,000 bpd in 2020. It has since slowly recovered, though ...
Chevron pumps more than 200,000 barrels of oil a day in Venezuela, ... other oil executives and industry lobbyists have spoken occasionally with ... that Trump doesn’t “do regime change.
(Reuters) -Venezuela's government is increasing taxes and public service charges on the private sector to compensate for declining oil revenue after tighter U.S. sanctions, according to business ...
Oil has long been the mainstay of Venezuela's economy Venezuela's battered economy is one of the key battlegrounds in Sunday's presidential election, with President Nicolás Maduro hoping to ...
Worse, Treasury hasn’t revoked its 2022 general license for Chevron Corp. to export oil from Venezuela. Chevron’s production is generating more than $100 million a month in income to the ...
Venezuela's top prosecutor on Monday announced the arrest of a former oil minister and accused him of working with the U.S. government to undermine the industry that drives the country's economy.
Waltz met with Venezuela’s opposition leader, Edmundo González Urrutia, on January 6. The approach would involve intensifying international sanctions, with new measures aimed at high-ranking officials ...
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