* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 17, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Spanning the Gulf: Global Defence Technology 155 – Army Technology

    Spanning the Gulf: Exploring Cutting-Edge Global Defence Technology

    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

    Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

    This Haunting ‘60s Country Song Is Even More Tragic Than You Remember – Yahoo

    This Haunting ’60s Country Song Will Break Your Heart All Over Again

    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Spanning the Gulf: Global Defence Technology 155 – Army Technology

    Spanning the Gulf: Exploring Cutting-Edge Global Defence Technology

    A Nobel Prize for explaining when technology leads to growth – NPR

    Nobel Prize Awarded for Unraveling How Technology Drives Economic Growth

    Erie Canal’s 200th anniversary: How a technological marvel for trade changed the environment forever – The Conversation

    Erie Canal’s 200th Anniversary: How a Trade Marvel Transformed the Environment Forever

    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

April 17, 2024
in News
US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
Share on FacebookShare on Twitter

MIAMI (AP) — The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation.

A senior U.S. official, discussing the decision with reporters, said any U.S. company investing in Venezuela would have 45 days to wind down operations to avoid adding uncertainty to global energy markets. The official spoke on the condition of anonymity to discuss U.S. policy deliberations.

In October, the U.S. granted Maduro’s government relief from sanctions on its state-run oil, gas and mining sectors after it agreed to work with members of the opposition to hold a free and competitive presidential election this year.

While Maduro went on to schedule an election for July and invite international observers to monitor voting, his inner circle has used the ruling party’s total control over Venezuela’s institutions to undermine the agreement. Actions include blocking his main rival, ex lawmaker Maria Corina Machado, from registering her candidacy or that of a designated alternative. Numerous government critics have also been jailed over the past six months, including several of Machado’s aides.

Wednesday’s actions essentially return U.S. policy to what it was prior to the agreement hammered out in the Caribbean island of Barbados, making it illegal for U.S. companies to do business with state-run oil producer Petróleos de Venezuela S.A., better known as PDVSA, without a specific license from the U.S. Treasury Department.

It’s unclear what impact the snapback would have on Venezuela’s long floundering oil and gas industry — or whether it will pressure Maduro to offer a more level electoral playing field.

The initial reprieve was issued for only six months. Experts say that’s not nearly enough time to attract the major capital investments required to revive long stagnant production in Venezuela, which sits atop the world’s largest proven oil reserves.

However, by allowing Venezuela to send oil directly, instead of going through shady middlemen who charge a hefty fee, Maduro’s government was able to boost oil revenues and raise badly needed cash during the six months of U.S. sanctions relief.

Additionally, the stiffening of sanctions doesn’t directly impact Chevron, the last major U.S. oil driller in Venezuela, which was allowed to boost shipments thanks to a license it was issued in 2022 amid concerns that Russia’s invasion of Ukraine would disrupt global energy supplies.

“The true test of the administration’s seriousness about Venezuela is Chevron,” said Elliott Abrams, who served as the Trump administration’s special envoy to the crisis in Venezuela. “Leaving that license in place suggests the administration cares more about keeping oil prices down until the election, and about Chevron’s profits, than about U.S. national security interests and freedom in Venezuela.”

While signaling its growing frustration with Maduro, the Biden administration is unlikely to return to the failed “maximum pressure” campaign tried during the Trump administration, which only strengthened the leftist leader’s hand, experts said.

“It became impossible for the White House to pretend that the Maduro government in any way was complying — or even intended to comply — with the implicit deal in the partial lifting of sanctions,” said Christopher Sabatini, a research fellow at the Chatham House in London. “To have ignored that would have made the U.S. look weak and undermined the its credibility in leveraging sanctions not just on Venezuela but elsewhere.”

Opinion polls show most Venezuelans would eagerly boot Maduro from office if given half a chance. Numerous regional leaders, including the leftist presidents of Colombia and Brazil, have joined the U.S. in criticizing the Maduro government’s failure to abide by its commitments and allow a competitive election.

—

Garcia Cano reported from Mexico City.

Joshua Goodman And Regina Garcia Cano, The Associated Press

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : SooToday – https://www.sootoday.com/national-business/us-reimposes-oil-sanctions-on-venezuela-as-hopes-for-a-fair-presidential-election-fades-8615076

Tags: newsreimposessanctions
Previous Post

Senate dismisses one of two articles of impeachment against Homeland Security secretary

Next Post

7 must watch films on Ram Navami

Shattered concrete, dirty water and asbestos: Israeli bombing causes ‘unparalleled’ ecological crisis in Gaza – TBIJ

Devastating Israeli Bombing Triggers Unprecedented Ecological Crisis in Gaza

October 17, 2025

Celebrating 15 Years of Family Fun and Discovery at the Wisconsin Science Festival

October 17, 2025
Why are humans religious? Scientists are studying miracles to find out. – National Geographic

Why Do Humans Believe in Miracles? Scientists Explore the Mystery of Religion

October 17, 2025
Man Missing His Dog While at the Club Is Far Too Relatable – Yahoo

Man Missing His Dog While at the Club Is Far Too Relatable – Yahoo

October 17, 2025
Spanning the Gulf: Global Defence Technology 155 – Army Technology

Spanning the Gulf: Exploring Cutting-Edge Global Defence Technology

October 17, 2025
Ohio State vs. Wisconsin prediction, pick, odds, spread, where to watch live – CBS Sports

Ohio State vs. Wisconsin prediction, pick, odds, spread, where to watch live – CBS Sports

October 16, 2025
Equipping agents for the real world with Agent Skills – Anthropic

Unlocking Agent Potential: Mastering Advanced Skills to Tackle Real-World Challenges

October 16, 2025
Comments – The AI boom is propping up the whole economy – Slow Boring

How the AI Boom Is Fueling an Economic Revolution

October 16, 2025
Bricktown continues to thrive as OKC’s entertainment district – OKC VeloCity

Bricktown Shines as Oklahoma City’s Premier Entertainment Hotspot

October 16, 2025
Baylor Partners on Up to $28M Initiative to Build Precision Phage Platform for Promoting Public Health – Baylor University

Baylor Partners on Up to $28M Initiative to Build Precision Phage Platform for Promoting Public Health – Baylor University

October 16, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (871)
  • Economy (892)
  • Entertainment (21,764)
  • General (17,637)
  • Health (9,934)
  • Lifestyle (905)
  • News (22,149)
  • People (893)
  • Politics (902)
  • Science (16,103)
  • Sports (21,392)
  • Technology (15,872)
  • World (875)

Recent News

Shattered concrete, dirty water and asbestos: Israeli bombing causes ‘unparalleled’ ecological crisis in Gaza – TBIJ

Devastating Israeli Bombing Triggers Unprecedented Ecological Crisis in Gaza

October 17, 2025

Celebrating 15 Years of Family Fun and Discovery at the Wisconsin Science Festival

October 17, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version