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Oil and Gas

Opposition’s Capriles Wants “Padlock” Law to Halt International Oil Treaties

Capriles proposes eliminating the government’s current international oil policy (Reuters).

Twice presidential candidate for the Venezuelan opposition Henrique Capriles Radonski has revealed that he has proposed a “padlock” law to the incoming opposition parliamentary bloc in the National Assembly. The legislation would prevent the government from negotiating further international oil treaties with other countries. 

 

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US Unable to Supply Caribbean if PetroCaribe Ends, Admits Success of Venezuelan Program

US Deputy National Security Advisor Ben Rhodes. (Kevin Lamarque/Reuters)

Washington warned Caribbean nations Wednesday that the United States would be unable to supply them with oil in the event that that Venezuela’s newly elected opposition-controlled parliament cuts off the flow of subsidized petroleum under the PetroCaribe program. 

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‘Democracy, as Usual,’ in Venezuela

Supporters of the Mesa de la Unidad (MUD) political party cheer during a closing campaign rally in Caracas, December 2, 2015. (A

Contrary to the mainstream media narratives, the conflict in Venezuela is not over democracy, but over the distribution of oil wealth. 

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Venezuela’s Maduro: We will Review Relations with US after NSA Spying Revelations

Maduro says that he will conduct a revision of US-Venezuela relations in light of the revelations. (Panorama)

Venezuelan President Nicolas Maduro has announced that his government will review its diplomatic ties to the US, after a leaked document revealed that the National Security Agency had spied on officials at Venezuelan state oil company PDVSA.

 

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Overwhelmed NSA Surprised to Discover its own Surveillance "Goldmine" on Venezuela's Oil Executives

(Reuters)

This newest revelation of NSA spying, reported as part of The Intercept’s partnership with teleSUR, comes just weeks after the Wall Street Journal reported that the U.S. government has launched “a series of wide-ranging investigations” into alleged corruption at Petróleos de Venezuela, or PDVSA.

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NSA Taps into Venezuela's State Oil Company with Help from US Embassy, Snowden Leak Reveals

(TeleSUR English)

U.S. intelligence agents posing as diplomats in Caracas helped an NSA analyst try to crack open PDVSA’s computer network.

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Venezuela’s Maduro Expands PetroCaribe Investments in Saint Vincent & Grenadines

Graphic art depicting the sunrise over the Caribbean, with the Bolivarian Alliance for the Peoples of Our America (ALBA) as the

In a diplomatic visit to Saint Vincent and the Grenadines on Monday, Venezuelan President Nicolas Maduro pledged new resources to the island nation and proposed a special economic zone in the Caribbean to strengthen regional trade.

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Venezuela Says Oil Glut a Political Strategy as OPEC Leaders Determine Next Step

(AP)

During a Tuesday live broadcast, Venezuelan President Nicolas Maduro announced that the country’s heavy crude oil was selling for a six-year low of $37.95 a barrel and claimed outside forces would try driving the price to $20 before the December 6th parliamentary elections.

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2016 Budget Unveiled as Venezuela Pushes for Price Ceiling at OPEC Meeting

(La Patilla/archive)

On Tuesday, Venezuelan officials outlined the 2016 budget, making emphasis on debt payment, while synchronous steps in oil diplomacy reveal an ongoing attempt to raise global prices. 

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Saudi Arabia and Venezuela Talk Oil Prices as Maduro Fixes to Lobby OPEC Abroad

Venezuelan Foreign Minister Delcy Rodriguez tweeted the above image of President Maduro and King Salman together in Saudi Arabia

Venezuelan Foreign Minister Delcy Rodriguez said Saturday evening that Saudi King Salman and President Nicolas Maduro had spoken on the phone and reached an understanding concerning oil cooperation. 

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