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U.S. sanctions

FILE PHOTO: Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo
Jan 7, 2026

Oil sales from Venezuela to continue indefinitely, sanctions will be reduced, CNBC reports

U.S. to buy Venezuelan oil indefinitely and roll back sanctions under new deal, beginning with more than 50 million barrels, CNBC reports.

FILE PHOTO: Pumpjacks are seen at Lake Maracaibo in Cabimas, Venezuela October 5, 2017. Picture taken October 5, 2017. REUTERS/Isaac Urrutia/File Photo
Jan 6, 2026

Caracas, Washington in talks to export Venezuelan oil to US, sources say

HOUSTON/WASHINGTON, Jan 6 (Reuters) – Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid deeper output cuts. Venezuela has millions of barrels […]

FILE PHOTO: A mural depicting oil workers of Venezuelan state oil company PDVSA is pictured near the company's headquarters, in Caracas, Venezuela May 14, 2025. REUTERS/Leonardo Fernandez Viloria/File Photo
Jan 6, 2026

Venezuela loads oil only for Chevron as PDVSA exports stall

Venezuela is exporting crude only to Chevron as PDVSA cargoes for China remain halted amid a U.S. tanker blockade.

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