US removes Venezuela from list of drug transit, production countries
Trump says the country has made progress against narcotics since Maduro's removal, may also remove Colombia and Bolivia.
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Trump says the country has made progress against narcotics since Maduro's removal, may also remove Colombia and Bolivia.
Bloomberg's Kevin Crowley joins Scarlet Fu on "Bloomberg Deals." Billionaire shale pioneer Harold Hamm’s Continental Resources Inc. is set to announce a deal to invest in Venezuela as the Trump administration pushes US companies to revive the nation’s oil sector, according to a person familiar with the matter. (Source: Bloomberg)
Nicolas Maduro’s ally and alleged frontman, Alex Saab, pleaded guilty yesterday in a U.S. court to charges including conspiracy to commit money laundering. The Colombian businessman, who served as Venezuela’s Minister of Industry and National Production from 2024 to 2026, was accused of laundering the proceeds of embezzled state funds from Venezuela over a period […] The post Maduro-ally Alex Saab pleads guilty to money laundering in US, agrees to cooperate with prosecutors appeared first on Latin America Reports.
Washington removed Venezuela from the group of countries it says failed to meet drug-control obligations, and signaled that Colombia could follow next year if its new government makes progress against cocaine trafficking.
Venezuela se prepara para enviar aluminio a EE.UU. mediante un acuerdo con Mercuria Energy Group Ltd. y Heeney Capital, en una señal de que la rápida reactivación de los lazos comerciales entre ambos países comienza a extenderse más allá del petróleo tras años de aislamiento económico y diplomático.
Venezuela is preparing to ship aluminum to the US under a deal with Mercuria Energy Group Ltd. and Heeney Capital, diversifying beyond oil in a quickening revival of commercial ties following years of economic and diplomatic isolation.
La Peñita, Venezuela — Three months on since twin earthquakes rocked northern Venezuela, some rural communities are still waiting for government help. On June 24, the northern state of La Guaira was leveled by 7.2 and 7.5 magnitude earthquakes that struck seconds apart. Experts estimated that as many as 80% of buildings in the state […] The post La Peñita: A rural village remains overlooked 3 months after Venezuela’s earthquakes appeared first on Latin America Reports.
Venezuela’s central bank is moving to squeeze liquidity in the banking system in a bid to support the bolivar ahead of an expected boost in government spending.
En Venezuela, el dólar ya forma parte de la vida cotidiana. Pero, ¿qué cambiaría si el país dolarizara oficialmente su economía? Andreina explica qué implicaría despedirse del bolívar y cuáles serían los beneficios y costos. (Source: Bloomberg)
As part of Delcy Rodriguez's 'Venezuela reborn' campaign, murals of leaders like Hugo Chavez are being removed.
The US-Venezuela oil deal covers 17 fields under hundred-year concessions, through a company 35% owned by the Pentagon. No contract text has been published. The post A Hundred-Year Concession Over 17 Venezuelan Oil Fields appeared first on The Rio Times.
Venezuela produces about 1.2 million barrels a day in total and the US imported 630,000 a day in June 2026. Claims of millions a day overstate it fourfold. The post Venezuela Does Not Produce Millions of Barrels a Day for the US appeared first on The Rio Times.
Venezuela has some of the world’s largest oil reserves and could eventually produce far more than it does today. But Columbia University’s Luisa Palacios says reviving the industry would take years, up to $150 billion in investment and a major rebuilding of trust after decades of contract changes, expropriations and infrastructure decline. (Source: Bloomberg)
Venezuela’s former first lady wants to be let out of jail while she and her husband await trial on US drug-trafficking charges. Cilia Flores, the wife of ex-Venezuelan President Nicolas Maduro, “deserves the opportunity to await her trial while on home confinement” while dealing with a heart condition that has only got worse since she’s been in jail, her lawyers wrote in court papers filed on Wednesday. The lawyers, Mark Donnelly and Andres Sanchez, asked a judge to allow her to leave a Brooklyn...
The Pentagon is taking a stake in a private Venezuelan oil company in what President Trump called “the biggest oil deal in world history.” On the Big Take podcast we break down what we know about the plan so far and what may be the motivation behind it. Listen wherever you get your podcasts. (Source: Bloomberg)
Chevron's finance chief said the company will more than double its rigs in Venezuela. No before and after numbers exist, and only six firms may operate. The post Chevron Says It Will More Than Double Its Drilling Rigs in Venezuela appeared first on The Rio Times.
When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it “the biggest oil deal in history”. The White House fact sheet provided the details: NABEP’s 100-year concessions on 17 oilfields with 65 billion barrels of proven reserves, a 35 per cent Pentagon stake, a 20 per cent State Department offtake at cost with...
A Colombian daily counts more than 25 companies weighing Venezuelan entry. US licences allow signing contracts, not yet performing most of them. The post More Than 25 Firms Weigh Venezuela Entry as Licences Widen appeared first on The Rio Times.
Caracas, Venezuela — In late August, Javier Tarazona, president of Venezuelan NGO Fundaredes, presented draft bills for amnesty and a reparations fund for political prisoners held under former President Nicolás Maduro’s government. At a press conference on August 25 outside the Palace of Justice in downtown Caracas, the human rights advocate criticized the fact that […] The post What to know about the amnesty bill, reparations fund proposed by advocates for Venezuela’s political prisoners appeared first on Latin America Reports.
The Cisneros heirs, a branch of Venezuela's famous Cisneros family, say the government seized their oil stake. A Spanish report links the move to Delcy Rodriguez and the Trump administration, but that link is not confirmed. The post Venezuela: Cisneros Heirs Say State Seized Oil Stake appeared first on The Rio Times.
The Venezuela oil opening is redrawing ownership. One of the country's oldest business dynasties is reported out, and Beijing watches its loans. The post Venezuela Oil Opening Redraws Ownership as Beijing Watches Its Loans appeared first on The Rio Times.
Venezuelans are hoping for free and fair elections, but the US may prioritise oil production.
Opposition leader Maria Corina Machado says Venezuela oil wealth belongs to the people, not to what she calls an illegitimate regime in Caracas. The post Venezuela Oil Is Not the Government’s to Sell, Machado Says appeared first on The Rio Times.
El presidente Donald Trump se ha jactado de que su amplio acuerdo petrolero con Venezuela, que en la práctica da a Estados Unidos control sobre gran parte de la riqueza petrolera del país, es posiblemente “el mejor acuerdo jamás firmado”.
Trinidad and Tobago's foreign minister travelled to Caracas for talks on energy, trade and border security, with the Dragon gas field in the background. The post Trinidad and Tobago’s Foreign Minister Goes to Caracas appeared first on The Rio Times.
GeoPark says pairing its new Venezuelan block with Vaca Muerta in Argentina can multiply its output, days after a deal handed control to Grupo Gilinski. The post GeoPark Bets on Venezuela and Vaca Muerta to Nearly Triple Output appeared first on The Rio Times.
The International Monetary Fund is considering opening a local office in Venezuela, establishing permanent representation in the country for the first time in years, according to people familiar with the matter.
US energy firms on Wednesday signed a raft of multi-billion-dollar deals with Venezuela, days after the South American country agreed to grant the United States control of a huge chunk of its vast oil reserves. President Donald Trump has talked up the agreement on Venezuela's oil reserves as the "biggest oil deal in world history." But the deals have raised major questions about Venezuela's sovereignty, as FRANCE 24's International Affairs Editor Kethevane Gorjestani explains.
Ousted Venezuelan president Nicolas Maduro urged a US judge on Wednesday to dismiss criminal drug trafficking charges against him, arguing he should be immune from prosecution as the head of a sovereign country. The charges, filed in Manhattan federal court, formed the basis for the US military’s raid on Caracas and capture of Maduro on January 3. The Venezuelan leader, who has been held in a Brooklyn federal jail since his seizure, has pleaded not guilty and is scheduled to go on trial on June...
Former Venezuelan leader was abducted by US forces during a military attack on Caracas in January.