US EditionVenezuela Says Oil Exports Continue Normally Despite Trump 'Blockade'
Venezuela insists oil exports continue despite US sanctions and naval blockade while producing about one million barrels daily, analysts warn economic lifeline at risk.
- Last year, Petroleos de Venezuela said exports continue normally despite US President Donald Trump's announcement of a total blockade, asserting tankers keep sailing securely.
- Seizures and sanctions preceded the US escalation, with last week's seizure of a tanker carrying between 1 and 2 million barrels of crude, targeting Nicolás Maduro's regime.
- Venezuela's production stands at one million barrels per day, down from more than three million bpd, while oil prices surged in early London trading after the blockade news.
- Defense Minister Vladimir Padrino López said `We say to the US government and its president that we are not intimidated by their crude and arrogant threats`, while supporters held a peace rally in Caracas on December 15 and China's foreign minister opposed US 'bullying'.
- Analysts say the medium-term impact will depend on how tensions with the US evolve, as President Donald Trump warns of further escalation, while Venezuela denies significant effects.
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For weeks, the Trump administration has been escalating pressure on Venezuela and the government of Nicolás Maduro. Wednesday night, we heard from a critic of the approach. For a different perspective, Geoff Bennett spoke with Jimmy Story. He spent 25 years in the U.S. State Department and most recently served as the top U.S. diplomat to Venezuela.
Venezuela’s president, Nicolás Maduro, re-emphasized that his country opposes a war with the United States in the midst of the escalation of tensions over that country’s military deployment in the Caribbean Sea, while promising to continue to comply with oil exports following President Donald Trump’s announcement to block all sanctioned oil vessels entering and leaving the South American country. “War? We have said no,” the president said in a m…
Maduro Says Venezuela Will Continue Trading Oil Despite U.S. Blockade, Claims Trump Won't Achieve Regime Change
Venezuela's authoritarian President Nicolas Maduro said the country will continue trading oil despite the U.S.'s recent blockade of sanctioned tankers, adding that President Donald Trump won't achieve his goal of regime change.
President Nicolás Maduro said the blcocus put in place by Donald Trump did not affect the country's oil exports.
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