US broadly eases Venezuela oil sanctions after election deal

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.

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.

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…

US easing Venezuela oil sanctions after election deal

The Biden administration has eased sanctions on Venezuela's oil and gas sector in response to a 2024 election deal between the government and opposition. The US Department of the Treasury issued general licenses allowing transactions in Venezuela's oil and gas and gold sectors, as well as lifting the ban on secondary trading. However, the authorizations can be amended or revoked if President Maduro fails to follow through on commitments made in …

Oil slips as Venezuela sanctions ease, Middle East in focus

By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but fears that Israel's military campaign