It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
Category: Embargoes and Sanctions
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Inside China’s Six-Decade Campaign to Dominate Rare Earths
From Deng Xiaoping to Xi Jinping, generations of Communist Party bosses and military leaders invested in a strategic but heavily polluting industry.
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Trump’s Seizures of Oil Tankers Challenge Maritime Rules and Customs
Recent U.S. actions against ships near Venezuela may embolden other countries to seize or detain ships, legal experts said.
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A Seized Oil Tanker and the Big Business of Dark Fleet Smuggling
The U.S. seizure of a vessel off Venezuela is likely to squeeze the country’s government, but do little to counter the tankers that secretively move oil from sanctioned countries.
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As Sanctions on Russian Oil Loom, India Prepares to End Its Buying Spree
India has been snapping up discounted Russian crude for three years, but U.S. sanctions that take effect on Friday are expected to end the lucrative trade.
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Halt in Fees on Chinese Vessels Endangers U.S. Shipbuilding Efforts
The two countries agreed to suspend the fees for a year as part of their recent trade pact, but America still aims to build more commercial ships.
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OPEC Plus Signals Cautious Approach to Oil Production
Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.
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Exxon’s and Chevron’s Profits Fall as Oil Prices Stay Low
But the companies and other large oil producers are continuing to increase production because drilling still remains profitable.
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In China Truce on Tariffs and Rare Earths, National Security Controls Are Bargaining Chip
Some analysts say Beijing won a major victory in its trade talks: Getting the U.S. to withdraw a national security measure that previously was not under discussion.
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Sanctions Lifted on a Putin-Backed Autocrat After Lobbying by Trump Allies
The move benefits the Serbian politician Milorad Dodik, who had received support from Rudolph W. Giuliani, Michael T. Flynn, Laura Loomer and high-priced lobbyists.
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Step by Step, How China Seized Control of Critical Minerals
China’s far-reaching rules already affect manufacturers of semiconductors, cars and many other products. They will soon become much broader.
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Trump’s Sanctions on Russian Oil Sector Ratchet Up Economic War
After months of restraint, President Trump’s move to blacklist Lukoil and Rosneft will hit Russia where it hurts.