Venezuela in the Face of a New Collapse: Trump Has the Last Word on His Oil Industry

Caracas. Venezuela still does not recover from the collapse of its economy and the possibility of a new recession rests in the hands of U.S. President Donald Trump, if it revokes or extends the permits for international oil companies to operate in this sanctioned country.This week, Washington announced negotiations with the government of President Nicolás Maduro, which led to the release of a U.S. military detainee in Caracas.The gesture was see…

Venezuela has not yet recovered from the collapse of its economy, and the possibility of a new recession rests in the hands of US President Donald Trump if he revokes or extends permits for international oil companies to operate in the sanctioned country. This week, Washington announced negotiations with the government of President Nicolás Maduro, which led to the release of a US soldier detained in Caracas. The gesture was seen as a possible wa…

Venezuela: Uncertainty around oil licenses, important for a fragile economy Admin FCE 24 May 2025 - 05:03 Part of Venezuela's destiny is in the hands of Donald Trump, who has to make a decision on the oil licenses granted to multinationals, crucial for the economy of the South American country, not yet put back to a serious crisis.The licenses, which allow international oil groups to operate in Venezuela despite the embargo and US sanctions, are…