Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
Category: Venezuela
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business: -
Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions
The New York Times – Business:America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
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U.N. Says It’s in Danger of Financial Collapse Because of Members’ Unpaid Dues
The world body warned it would run out of money by July and have to close its New York headquarters if countries, namely the United States, did not pay annual dues that amount to billions of dollars.
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Chevron Points to Venezuela’s Promise as Big Oil Earnings Fall
The two largest U.S. oil companies, Chevron and Exxon Mobil, reported their lowest annual profits in years.
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Venezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector
Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.
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Big Oil’s Complicated Calculus for Investing in Venezuela
The industry has long prioritized projects with quick and reliable payback. Trump is pushing for a return to risk.
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Trump Vows to Make Venezuela Rich. It Will Take More Than U.S. Cash.
History suggests that the price of oil and a wider distribution of wealth are as important as foreign investment.
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James Luckey-Lange Among Americans Freed in Venezuela
James Luckey-Lange, 28, was released this week with several other U.S. citizens from the country’s notorious prison system after going missing in December, his family said.