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☆ AP review of Venezuela opposition-provided vote tallies casts doubt on government’s election results
▼ + stars: | 2024-08-03 | by ( ) www.cnbc.com time to read: +8 min

Protesters demonstrate against the National Election Council certification of President Nicolas Maduro's reelection in Caracas, Venezuela, on Tuesday, July 30, 2024. The AP processed almost 24,000 images of tally sheets, representing the results from 79% of voting machines. National Electoral Council President Elvis Amoroso attributed the delay in updating results to "massive attacks" on the "technological infrastructure." The AP could not independently verify the authenticity of the 24,532 tally sheets provided by the opposition. The tally sheets, known in Spanish as "actas," are lengthy printouts that resemble shopping receipts.

Persons: Nicolas Maduro's, Venezuela's, Nicolás Maduro, Edmundo González, Maduro, Gonzalez, Elvis Amoroso, María Corina Machado, Machado, Biden, González, Edmundo González Urrutia, Antony Blinken, Vyacheslav Volodin, —, Cynthia Arnson, Caryslia Rodríguez, Jorge Rodriguez Organizations: National, AP, Electoral Council, Electoral, Wilson, United Socialist Party of Locations: Caracas, Venezuela, U.S, United States, Venezuela's, Brazil, Colombia, Mexico, Russian, Washington, United Socialist Party of Venezuela

☆ U.S. recognizes Maduro's opponent as winner in Venezuela election
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +1 min

President of Venezuela Nicolas Maduro rises his hand during a mass gathering convene by supporters on July 18, 2024 in Caracas, Venezuela. The United States on Thursday recognized Venezuelan President Nicolas Maduro's opponent and opposition candidate Edmundo Gonzalez as the winner of Venezuela's disputed presidential election, rejecting Maduro's claim of victory. The announcement from Washington did not go beyond congratulating him for a "successful campaign," the closest the U.S. has come since Sunday's contested election to recognizing Gonzalez as the OPEC nation's new leader. The dispute over the presidential election results has sparked protests in Venezuela. Venezuela's electoral council proclaimed Maduro, who has been in power since 2013, the winner of the July 28 election with 51% of the vote.

Persons: Venezuela Nicolas Maduro, Nicolas Maduro's, Edmundo Gonzalez, Venezuela's, Edmundo Gonzalez Urrutia, Antony Blinken, Sunday's, Gonzalez, Maduro Organizations: OPEC Locations: Venezuela, Caracas, United States, Venezuela's, Washington, U.S

CNN —Venezuelan opposition leader Maria Corina Machado says she’s in hiding, fears for her life, and can prove President Nicolas Maduro did not win Sunday’s contentious presidential election. “I am writing this from hiding, fearing for my life, my freedom,” Machado wrote in an opinion editorial published Thursday by The Wall Street Journal. Though the country’s Public Ministry later clarified that no arrest warrant had been issued for either opposition figure. The United States is among numerous countries that have called on Venezuelan electoral officials to publish detailed results from Sunday’s presidential election. I call on those who reject authoritarianism and support democracy to join the Venezuelan people in our noble cause,” she said.

Persons: Maria Corina Machado, she’s, Nicolas Maduro, “, ” Machado, Machado, Jorge Rodriguez, Edmundo Gonzalez, Maduro, –, ”, Nicolas Maduro's, Carlos Landaeta, Edmundo González, Maduro didn’t, Federico Parra, Celso Amorim Organizations: CNN, Wall Street, Venezuela’s National, Public, Carter, Venezuelan, Puerto La Cruz, Getty, Electoral Council, CNE, Argentine Embassy, Human Rights Watch, Local, Foro Penal Locations: Venezuelan, Venezuela’s, Venezuela, United States, Puerto La, Anzoategui, AFP, Argentine, Miraflores, Caracas

☆ Elon Musk says a throwdown with Mark Zuckerberg would be a 'short fight' because the Meta CEO is a 'little fella'
▼ + stars: | 2024-08-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

The much-hyped cage fight between Elon Musk and Mark Zuckerberg didn't materialize last year. But Musk said it would've been a "short fight" if it had taken place. "Zuck is a little fella, so that would be a short fight lol," Musk said on Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk didn't get to fight Mark Zuckerberg last year, but he reckons it would have been a quick one if it had taken place.

Persons: Elon Musk, Mark Zuckerberg, Musk, would've, —, Elon, Nicolás Maduro's, Maduro Organizations: Elon, Service Locations: Venezuela

☆ Oil prices slip on China demand concerns, waning Middle East worries
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +2 min

Oil prices slipped in early Asian trading on Tuesday, extending losses from the previous session, over concerns about Chinese demand and as the market shrugged off the risk of conflict escalating in the Middle East. Brent crude oil futures fell by 12 cents or 0.15% to $79.78 a barrel by 0033 GMT. The market is watching an upcoming meeting of China's top decision-making body, the Politburo, expected to take place this week, that could elicit further economic policy support. But expectations are limited after the Third Plenum, a key policy meeting in mid-July, largely reiterated existing economic policy goals and failed to lift market sentiment. Oil fell 2% in the previous trading session after Israel signaled that its response to a Hezbollah rocket strike in Israeli-occupied Golan Heights on Saturday would be calculated to avoid dragging the Middle East into an all-out war.

Persons: Israel, Nicolas Maduro, Nicolas Maduro's Organizations: Brent, Monday, Citi, Reuters, ANZ Locations: Fort Morgan, China, Golan, Lebanon, Beirut, Venezuela, Washington

☆ Protests erupt in Venezuela after Maduro claims victory in disputed election result
▼ + stars: | 2024-07-30 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

An armoured police car drives through tear gas during a protest against Venezuelan President Nicolas Maduro in Caracas on July 29, 2024, a day after the Venezuelan presidential election. Federico Parra | Afp | Getty ImagesSecurity forces and protesters clashed in parts of the Venezuelan capital of Caracas, shortly after President Nicolas Maduro claimed victory in a disputed election result. Opponents of Maduro's government could also be seen carrying a large banner that read: "Venezuela, I want you to be free." A riot police officer uses tear gas against demonstrators during a protest by opponents of Venezuelan President Nicolas Maduro's government in the Catia neighborhood of Caracas on July 29, 2024, a day after the Venezuelan presidential election. Venezuelan opposition leader Maria Corina Machado talks to the media, accompanied by opposition presidential candidate Edmundo Gonzalez Urrutia, following the presidential election results in Caracas on July 29, 2024.

Persons: Nicolas Maduro, Federico Parra, Maduro's, Nicolas Maduro's, Yuri Cortez, Edmundo González Urrutia, González, Marina Corina Machado, Machado, Jesus Vargas, Maduro, John Kirby, Maria Corina Machado, Edmundo Gonzalez Urrutia Organizations: Venezuelan, Afp, Getty Images Security, Getty, CNBC, Electoral Council, Independent, Guardian, Headquarters, Associated Press, White House Locations: Caracas, Venezuelan, Venezuela, Catia

☆ Oil inches up after U.S. reimposes Venezuela oil sanctions
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: +2 min

The sun sets beyond an oil pumping unit, also known as a "nodding donkey" or pumping jack, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia. Oil prices rose in early trade on Thursday, slightly paring the previous session's losses after the United States said it would reinstate oil sanctions Venezuela, while the European Union talked of fresh curbs on Iran. The U.S. said it would not renew a license set to expire on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro's failure to meet his election commitments. Looking to prevent a wider conflict, European Union leaders decided on Wednesday to step up sanctions against Iran. According to JP Morgan estimates, worldwide oil consumption so far in April has averaged 101 million bpd, or 200,000 bpd below its own forecast.

Persons: OAO, Brent, Nicolas Maduro's, Morgan Organizations: ANZ Research, European Union, Iran, The U.S . House, Federal Locations: Almetyevsk, Russia, States, Venezuela, European, Iran, U.S, United States, Israel, The, Ukraine

☆ U.S. reviewing Venezuelan sanctions policy in wake of court decision
▼ + stars: | 2024-01-28 | by ( ) www.cnbc.com time to read: +2 min

It is "an evident and overwhelming victory for the 'Yes' in this consultative referendum," said the president of the National Electoral Council, Elvis Amoroso. "The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society," State Department spokesman Matthew Miller said in a statement. Miller said the court ruling was a "deeply concerning decision" that ran contrary to the commitments made by Maduro to allow all parties to select candidates. Gerardo Blyde, head of the opposition negotiating team, denied members had been linked to acts of violence and demanded the court ruling be reversed. "We will never hesitate to remain in the talks, to remain in the discussion," said Hector Rodriguez, the ruling party governor for Venezuela's Miranda state.

Persons: Nicolás, Elvis Amoroso, Pedro Rances Mattey, PEDRO RANCES MATTEY, Maria Corina Machado, Machado, Matthew Miller, Nicolas Maduro's, Miller, Maduro, Gerardo Blyde, Hector Rodriguez, Miranda Organizations: Bolivarian, Electoral, Venezuelan, Electoral Council, Getty, U.S . State Department, Venezuela's, Department Locations: Bolivarian Republic of Venezuela, Essequibo, Caracas, Guyana, AFP, U.S, Venezuela, United States

☆ US Reviewing Venezuelan Sanctions Policy in Wake of Court Decision - State Dept
▼ + stars: | 2024-01-27 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The United States is reviewing its sanctions policy against Venezuela after a court upheld a ban which prevents presidential candidate Maria Corina Machado from holding office, the State Department said on Saturday. The ruling by Venezuela's Supreme Justice Tribunal on Friday means Machado, a 56-year-old industrial engineer, cannot register her candidacy for presidential elections scheduled for the second half of 2024. "The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society," State Department spokesman Matthew Miller said in a statement. Miller said the court ruling was a "deeply concerning decision" that ran contrary to the commitments made by Maduro to allow all parties to select their candidates for the presidential election. Maduro on Thursday said the deal with his opponents was in danger of collapse after what he has described as "conspiracies" against him.

Persons: Maria Corina Machado, Machado, Matthew Miller, Nicolas Maduro's, Miller, Maduro, David Ljunggren, Diane Craft Organizations: Reuters, State Department, Venezuela's, Department Locations: United States, Venezuela, Caracas

☆ China defies sanctions to make Russia its biggest oil supplier in 2023
▼ + stars: | 2024-01-21 | by ( ) www.cnbc.com time to read: +3 min

Seen here is an oil pumping unit at Huabei oil field on the outskirts of Hejian city, Hebei province, China. Russia leapfrogged Saudi Arabia to become China's top crude oil supplier in 2023, data showed on Saturday, as the world's biggest crude importer defied Western sanctions to purchase vast quantities of discounted oil for its processing plants. To support prices, Saudi Arabia and Russia, two of the world's top three oil producers, announced output and export cuts last year. Chinese refiners use intermediary traders to handle the shipping and insurance of Russian crude to avoid violating the Western sanctions. China's overall crude imports for 2023 rose to a record of 563.99 million metric tons, equivalent to 11.28 million bpd.

Persons: Buyers, Nicolas Maduro's Organizations: ICE, U.S Locations: Russia, Hejian, Hebei province, China, Russia leapfrogged Saudi Arabia, Saudi Arabia, Iraq, Ukraine, Russian, Malaysia, Iran, Venezuela, Caracas, Beijing, Washington, U.S

☆ Brazil reinforces border with Venezuela and Guyana over Esequibo tensions
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, Dec 5 (Reuters) - Brazil's military is reinforcing its northern border due to rising tensions between its neighbors Venezuela and Guyana over Venezuela's claim to the Esequibo region, the Ministry of Defense said on Tuesday. Venezuela reactivated its claim over the Esequibo in recent years after the discovery of offshore oil and gas. In Sunday's referendum, Venezuelan voters rejected the jurisdiction of the International Court of Justice over their country's territorial dispute with Guyana and supported the creation of a new Venezuelan state in the potentially oil-rich Esequibo region. Brazil did not ask Venezuela to cancel the vote, but President Luiz Inacio Lula da Silva's government is expected to criticize the stepped up Venezuelan campaign for the Esequibo. An international tribunal in Paris in 1899 settled the issue, but Venezuela says the ruling was rigged.

Persons: Gisela Padovan, Nicolas Maduro's, Luiz Inacio Lula da Silva's, Ricardo Brito, Rodrigo Viga Gaier, Anthony Boadle, Bill Berkrot Organizations: Ministry of Defense, Mechanized Cavalry Regiment, Reuters, International Court of Justice, Thomson Locations: BRASILIA, Venezuela, Guyana, Boa Vista, Roraima, Ireland, America, Caribbean, Venezuelan, Brazil, British, Paris, Brasilia, Rio de Janeiro

☆ Venezuelans vote to claim sovereignty over a part of oil-rich nation Guyana
▼ + stars: | 2023-12-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Venezuelan electoral authorities on December 3 claimed that 95 percent of voters in a nonbinding referendum approved of the nation's territorial claim on a huge chunk of neighboring oil-rich Guyana. The 61,600 square-mile Essequibo region makes up two-thirds of Guyana, and holds enormous oil reserves off its coast. Venezuela believes that Guyana has no right to grant oil concessions in the maritime areas off the disputed territory. In 1899, an international arbitral tribunal awarded the territory to Britain, when Guyana was still under its colonial rule. Maduro in November accused Guyana, the U.S. and oil firms of robbing Venezuela of its territory through "legal colonialism."

Persons: Nicolás, Elvis Amoroso, Pedro Rances Mattey, PEDRO RANCES MATTEY, Nicolas Maduro's Organizations: Bolivarian, Electoral, Venezuelan, Electoral Council, Getty Images, Voters, Associated Press, ExxonMobil, Court of Locations: Bolivarian Republic of Venezuela, Essequibo, Caracas, Guyana, AFP, Venezuela's, Venezuela, Venezuelan, Britain, U.S

☆ Venezuelans to vote in referendum on disputed territory with Guyana
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +3 min

[1/4] Venezuela's President Nicolas Maduro shows his ballot during a referendum over Venezuela's rights to the potentially oil-rich region of Esequiba in Guyana, in Caracas, Venezuela, December 3, 2023. REUTERS/Leonardo Fernandez Viloria Acquire Licensing RightsCARACAS/GEORGETOWN, Dec 3 (Reuters) - Venezuelans will vote on Sunday in a referendum backed by President Nicolas Maduro's government over a potentially oil-rich territory that is the subject of a long-running border dispute with Guyana. The five-question referendum includes a question rejecting International Court of Justice (ICJ) jurisdiction to decide to which country the territory around the Esequibo river belongs. On Friday, the court responded to a request from Guyana to halt the referendum, ordering Venezuela to refrain from taking any action that would alter the status quo, without expressly forbidding the vote. The Sunday vote has caused anxiety in Guyana, with the government urging citizens to keep calm.

Persons: Nicolas Maduro, Leonardo Fernandez Viloria, Nicolas Maduro's, Maduro, Ricardo Sucre, Benigno Alarcon, Andres, Rocio San, Kim Rampersaud, Vivian Sequera, Julia Symmes Cobb, Will Dunham Organizations: REUTERS, Rights, of Justice, Central University of Venezuela, Center for Political Studies, Andres Bello Catholic University, Kiana, Thomson Locations: Esequiba, Guyana, Caracas, Venezuela, Rights CARACAS, GEORGETOWN, Sucre, Rocio San Miguel, Georgetown, Brazil

☆ Venezuela parliament chief rejects 'ultimatums' as US threatens sanctions review
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Venezuela's National Assembly President Jorge Rodriguez addresses the media at the Federal Legislative Palace, in Caracas, Venezuela October 24, 2023. Washington eased some oil sanctions last month after an electoral deal between President Nicolas Maduro's government and the political opposition was signed in October. The easing of U.S. sanctions is also conditional on release of political prisoners and "unjustly detained" U.S. citizens. But Rodriguez, who also heads the government delegation in the opposition negotiations, told a press conference on Friday that Venezuela would not accept ultimatums. "Venezuela does not accept ultimatums from anyone, by now everybody should know that, we don't care", he said.

Persons: Jorge Rodriguez, Gaby Oraa, Nicolas Maduro's, Maria Corina Machado, Rodriguez, PDVSA, Deisy Buitrago, Mayela Armas, Sarah Morland, David Gregorio Our Organizations: Federal, REUTERS, Rights, National, U.S, Thomson Locations: Caracas, Venezuela, Rights CARACAS, Washington, U.S, Venezuelan, State

Washington in mid-October issued a general license lifting through April sanctions on the country's oil production and exports. POLICY SHIFTThe U.S. imposed sanctions on Venezuela's oil industry to try to oust President Nicolas Maduro, whose 2018 re-election it considers a sham. In the last three weeks, PDVSA has signed new term deals to sell products, including fuel oil and asphalt cement with little known firms. LINING UPShortly after sanctions were eased last month, Trafigura chartered a vessel to pick up a fuel oil cargo at a Venezuelan port. The firm that won the offer is Romania-registered Ke Lo Ke Mgmt, PDVSA documents seen by Reuters showed.

Persons: Marco Bello, Nicolas Maduro's, PDVSA, Nicolas Maduro, Joe Biden's, Trafigura, Lo, Ke Lo Ke, Gunvor, Marianna Parraga, Gary McWilliams, Barbara Lewis Organizations: REUTERS, Gunvor, Reuters, Bloomberg, Thomson Locations: Puerto Cabello, Carabobo, HOUSTON, Washington, U.S, Venezuela, PDVSA, Venezuelan, Romania

The opposition and the primary's winner Maria Corina Machado have insisted repeatedly it was transparent and fair. The U.S. State Department is aware of the accusations and called for an investigation, a spokesperson said, adding the primary was "an important milestone" for Venezuela. The investigation, requested by lawmaker Jose Brito, will center on accusations of electoral violations, financial crimes and conspiracy, Saab said during a press conference. The electoral violations stem from the primary being organized without the National Electoral Council, Saab said. Voter rolls for the primary included 2 million people who neither registered nor participated, Saab said, and financing for the primary has not been made public.

Persons: Tarek Saab, Maria Corina Machado, Machado, Nicolas Maduro's, Nicolas Maduro, Jose Brito, Saab, Jesus Maria Casal, Mildred Camero, Roberto Abdul, Hadi, Vivian Sequera, Mayela Armas, Julia Symmes Cobb, Natalia Siniawski, Oliver Griffin, Helen Popper, Marguerita Choy, Rod Nickel Organizations: Venezuela's, Washington, U.S . State Department, Electoral Council, Saab, Voters, Thomson Locations: CARACAS, Washington, Maduro, Barbados, U.S, Venezuela, Sumate

The auction could start a new chapter for the 113-year-old company, which has been owned by Venezuela for almost 40 years. Washington and Venezuela's political opposition wanted Citgo to anchor the country's economic future under a democratically elected government. The sale could become the biggest court auction ever held. Motiva, Valero and Citgo's ultimate parent, Venezuela's state oil company PDVSA, did not reply to requests for comment. "Citgo will be strategic for Venezuela in the next 20-25 years, not only as a refining company, but with an expanded role," director Medina said.

Persons: Biden, Citgo, Nicolas Maduro's, Matthew Blair, Tudor, Blair, Jose Ignacio Hernandez, Leonard Stark, PDVSA, PDV, Juan Guaido, Natalie Shkolnik, Wilk Auslander, Nicolas Maduro, Stark, Evercore, Conoco, Horacio Medina, Carlos Jorda, Medina, Hernandez, Marianna Parraga, Erwin Seba, Gary McWilliams, Anna Driver Organizations: U.S . State Department, Reuters, Marathon Petroleum, Motiva Enterprises, Valero Energy, Koch Industries, Valero, U.S . Treasury, Holt, U.S, Crystallex International, PDVSA, National Assembly, Citgo, PDV, Supreme, Evercore, ConocoPhillips, Exxon Mobil, Exxon, U.S . Treasury Department's, Foreign Assets Control, Thomson Locations: United States, Petroleum, U.S, Houston, Venezuela, Washington, Saudi, Pickering, Citgo, Delaware, Caracas

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The United States on Wednesday lifted for six months most restrictions on Venezuela for producing, selling and exporting oil to its chosen markets. Not all sanctions on PDVSA were lifted by the United States. Before sanctions, India and the United States were other top destinations. PDVSA and Venezuela's oil ministry did not immediately reply to requests for comment.

Persons: Ivan Alvarado, PDVSA, Francisco Monaldi, Rice, Nicolas Maduro's, Monaldi, Maduro, Spain's, Joe Biden's, Marianna Parraga, Will Dunham Organizations: REUTERS, Rights, U.S, Treasury's, Foreign Assets Control, Washington, Chevron, Baker Institute, Venezuelan, Citgo Petroleum, Valero Energy, PBF Energy, India's Reliance Industries, Nayara Energy, Italy's Eni, United, Thomson Locations: Caracas, Venezuela, Venezuelan, United States, U.S, Asia, PDVSA, American, CHINA, EUROPE, China, India, PetroChina, Maduro, Washington

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The U.S. on Wednesday lifted most restrictions on Venezuela for six months for producing, selling and exporting oil to its chosen markets. But it is not expected to significantly boost Venezuela's deteriorated oil production or immediately lead to stronger exports. Venezuela can now receive direct payments for goods or services under the license issued by OFAC, which oversees American sanctions. PDVSA and Venezuela's oil ministry did not immediately reply to requests for comment.

Persons: Ivan Alvarado, PDVSA, Washington, Pedro Tellechea, Francisco Monaldi, Rice, Nicolas Maduro's, Monaldi, Maduro, Spain's, Joe Biden's, Marianna Parraga, Will Dunham, Marguerita Choy Organizations: REUTERS, Rights, U.S, Treasury's, Foreign Assets, Oil, OFAC, Washington, Chevron, Baker Institute, Venezuelan, Citgo Petroleum, Valero Energy, PBF Energy, India's Reliance Industries, Nayara Energy, Eni, Thomson Locations: Caracas, Venezuela, Venezuelan, U.S, Asia, PDVSA, United States, American, CHINA, EUROPE, China, India, PetroChina, Houston, Maduro, Washington

☆ Exclusive: US easing Venezuela oil sanctions after election deal -official
▼ + stars: | 2023-10-18 | by ( Matt Spetalnick | ) www.reuters.com time to read: +4 min

Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. The U.S. imposed tough sanctions on Venezuela to punish President Nicolas Maduro's government following his 2018 re-election, which the U.S. and other Western governments rejected as a sham. Since 2019, U.S. sanctions have banned state-run oil company PDVSA from exporting to its chosen markets. The official warned, however, that U.S. decisions on relaxed sanctions would depend on Maduro complying with the latest agreement and working toward free and fair elections. Some opposition figures told Reuters on Monday they doubt Maduro's administration will follow through on the election pledges.

Persons: Nicolas Maduro, Ebrahim Raisi, Leonardo Fernandez Viloria, Joe Biden's, Nicolas Maduro's, Biden, Donald Trump's, We're, Maria Corina Machado, Maduro, Matt Spetalnick, Marianna Parraga, Mayela Armas, Josie Kao Organizations: REUTERS, Rights, Venezuelan, U.S . State Department, Reuters, U.S, EIA, Biden, Thomson Locations: Miraflores, Caracas, Venezuela, U.S, Maduro, Caribbean, OPEC, The U.S, Barbados, BARBADOS

☆ Oil prices edge higher ahead of Biden Middle East trip
▼ + stars: | 2023-10-17 | by ( Nicole Jao | ) www.reuters.com time to read: +3 min

SummaryCompanies Biden travels to Middle East on WednesdayBiden trip will balance Israel support with containing warUS-Venezuela talks could see oil sanctions easeUPCOMING - U.S. oil inventory data from API and EIANEW YORK, Oct 17 (Reuters) - Oil prices edged higher on Tuesday ahead of a trip by U.S. President Joe Biden to the Middle East that is likely to involve balancing support for Israel with trying to prevent any regional escalation of its war with Hamas. Fears the Middle East conflict could widen drove big gains in both oil benchmarks last week. The U.S. government has been seeking ways to increase the flow of oil to world markets to alleviate high prices. But any real oil output increase by Venezuela will take time because of a lack of investment. Looking ahead, the oil market is waiting for U.S. oil inventory data from the American Petroleum Institute (API), an industry group, on Tuesday and the government's Energy Information Administration (EIA) on Wednesday.

Persons: Companies Biden, Joe Biden, Brent, Biden's, Edward Moya, Nicolas Maduro's, Washington, Phil Flynn, Nicole Jao, Paul Carsten, Sudarshan, Kim Coghill, Ed Osmond, Jan Harvey, Barbara Lewis Organizations: Companies, Middle East, Wednesday Biden, U.S, Israel, Hamas, . West Texas, Brent, Wednesday, OPEC, Organization of Petroleum Exporting, Price Futures, Saudi Aramco, American Petroleum Institute, government's Energy Information Administration, Thomson Locations: Middle, Israel, Venezuela, Iran, Lebanon, Washington, U.S, Saudi, OPEC, Russia, New York, London, Singapore

☆ US, Venezuela to announce oil sanctions deal on Tuesday -report
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 16 (Reuters) - The Biden administration and Venezuelan President Nicolas Maduro's government are expected to announce a deal on Tuesday that would ease U.S. sanctions on Caracas' oil industry while opening up Venezuela's 2024 presidential election, the Washington Post reported on Monday. The Post, citing two people familiar with the talks, said the sanctions relief was expected to be announced after Venezuela signs onto election commitments at a meeting in Barbados. Venezuela and U.S. envoys have met several times since last year in a renewed effort to solve a long-running political and economic crisis in Venezuela, including discussions on a presidential election, with recent progress indicating fresh oil sanction exemptions, five sources previously told Reuters. Representatives for the White House and the State Department had no immediate comment on the reported Tuesday announcements. Reporting by Katharine Jackson and Susan Heavey; editing by Jasper WardOur Standards: The Thomson Reuters Trust Principles.

Persons: Nicolas Maduro's, Katharine Jackson, Susan Heavey, Jasper Ward Organizations: Biden, Washington Post, Reuters, White, State Department, Thomson Locations: Caracas, Venezuela, Barbados, U.S

☆ Venezuela Readying Return to Mexico-Based Talks With Opposition -Sources
▼ + stars: | 2023-10-09 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

The talks between President Nicolas Maduro's government and the opposition are meant to find solutions to Venezuela's long-running political and economic crisis. The opposition will repeat its long-standing petition for release of political prisoners and guarantees for an election slated for 2024, two sources close to preparations for the talks said. Envoys from Caracas and Washington have met several times in Doha since last year in separate conversations, according to other sources with knowledge of those talks, but Venezuela's opposition did not directly participate. One source said the Venezuelan government had broadly discussed electoral issues at the Qatar talks, but had not entered into detail about guarantees. The United States announced on Thursday it will restart deportations of Venezuelans who cross the U.S.-Mexico border unlawfully, an agreement two of the sources said was achieved during the Doha talks.

Persons: Marianna Parraga, Diego Oré, Mayela Armas, Nicolas Maduro's, Delcy Rodriguez, Henrique Capriles, Vivian Sequera, Matt Spetalnick, Andrew Mills, Rosalba O'Brien Organizations: MEXICO CITY, U.S . State Department, Venezuela's Foreign Affairs, Reuters, White, United States, Doha Locations: Mayela Armas HOUSTON, MEXICO, CARACAS, Mexico, U.S, Caracas, Washington, Doha, Qatar, United States, Venezuela, Venezuelan, Houston, Diego Ore, Mexico City, Washinghton

Jesus Maria Casal, president of Venezuela's opposition's National Primary Commission, leaves after a meeting with Elvis Hidrobo Amoroso, head of Venezuela's National Electoral Council (CNE), in Caracas, Venezuela September 25, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsCARACAS, Oct 2 (Reuters) - Venezuela's opposition election commission said on Monday it will move forward with its late October primary vote to pick its presidential candidate for next year's general election, after the country's national electoral council sought a delay. But most of the 13 opposition candidates rejected this request, preferring to keep the Oct. 22 primary, while criticizing what they called a slow CNE response. Venezuela's opposition counts some 3,000 voting centers, according to commission president Jesus Maria Casal. Venezuelan authorities have in recent months disqualified some opposition candidates, including former lawmaker Maria Corina Machado, the opposition's leading hopeful in polls.

Persons: Jesus Maria Casal, Venezuela's, Elvis Hidrobo Amoroso, Leonardo Fernandez Viloria, Nicolas Maduro's, Maria Corina Machado, Vivian Sequera, Mayela Armas, Sarah Morland, David Alire Garcia, Sonali Paul Organizations: Primary Commission, Electoral Council, REUTERS, Rights, Thomson Locations: Caracas, Venezuela, Rights CARACAS

WASHINGTON (AP) — This probably wasn't how President Joe Biden envisioned his big foreign policy week ending. Biden on Thursday hosted Ukraine President Volodymyr Zelenskyy at the White House. "There’s no alternative.”Biden has stepped up his attacks on Trump's foreign policy record, casting the former president and his close Republican allies as lackeys for Russian President Vladimir Putin. White House national security adviser Jake Sullivan on Thursday said the U.S. has had and will continue to have “high-level” contact with New Delhi on the matter. White House press secretary Karine Jean-Pierre declined to comment Friday on the indictment.

Persons: Joe Biden, Biden, Donald Trump, Sen, Bob Menendez, Menendez, ”, Ross Baker, “, Volodymyr Zelenskyy, Zelenskyy, ” Biden, Vladimir Putin, Putin, I’ve, Hardeep Singh, Justin Trudeau, Jake Sullivan, Narendra Modi, Richard Rossow, Karine Jean, Pierre, hasn't, Nicolás Maduro's, Barack, Trump, John Feeley, Feeley, Joshua Goodman Organizations: WASHINGTON, General Assembly, Republican, Ukraine, Senate Foreign Relations, Senate Democratic, Rutgers University, White, Capitol, Republican Party, Trump, United States Congress, Vancouver . Canadian, Nijjar, House, Indian, U.S ., Center for Strategic, Independent Studies, Biden, Associated Press Locations: Canada, India, Ukraine, Russian, New Jersey, U.S, United States, Russia, New York City, Vancouver, Ottawa, New Delhi, China, Washington, Caracas, Iran, America, Havana, Nicaragua, Panama, Miami

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