US broadly eases Venezuela oil sanctions after election deal
- The U.S. has agreed to temporarily suspend some sanctions on Venezuela's oil, gas, and gold sectors, marking a significant development in the ongoing political and economic crisis in the country.
- This move comes after the Venezuelan government and opposition reached a deal mediated by Norway to hold elections in late 2024, providing hope for a peaceful resolution.
- The U.S. Treasury has issued a six-month general license that allows transactions involving Venezuela's oil and gas sector, as well as the removal of a secondary trading ban on certain Venezuelan sovereign bonds.
64 Articles
64 Articles
US eases sanctions on Venezuelan oil after Maduro's 2024 poll agreement
In response to an electoral agreement between the Venezuelan government and opposition parties for the 2024 election, the Biden administration has taken a significant step by broadly easing sanctions on Venezuela's oil sector. The move marks the most extensive rollback of Trump-era sanctions on Caracas. The U.S. Treasury Department has issued a new general license, allowing OPEC member Venezuela, which has been under strict sanctions since 2019,…
U.S. to ease Venezuela oil, gas sanctions after election deal
U.S. eases sanctions on Venezuela after government, opposition agree to elections; deal allows for exclusion of certain candidates, but U.S. believes Caracas will eventually allow them to participate. Treasury Department authorizing transactions in oil/gas, gold sectors, removing ban on secondary trading in debt securities.
It remains to be seen how fast the country's production can increase and what effect this will have on the global market, which needs more supply as geopolitical tensions increase.
US to ease Venezuela oil, gas sanctions after election deal
Venezuela has been under US sanctions since 2015 following the repression of anti-government protesters, with further sanctions being added following the contested re-election of President Nicholas Maduro in 2018.
Depois do acordo entre o governo venezuelano e a oposição para as eleições de 2024, os Estados Unidos aliviaram as sanções petrolíferas. Mas ainda podem voltar atrás
Oil slips as Venezuela sanctions ease, Middle East in focus
LONDON -Oil prices fell about 2 percent on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but fears that Israel’s military campaign in Gaza may escalate to a regional conflict kept a lid on losses. Brent futures for December were down $1.52, or 1.7 percent, to $89.98 a barrel at 0913 GMT. U.S. West Texas Intermediate (WTI) futures for November, which expire on Friday, stood at $87.07 per barrel, d…
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