Venezuela Oil Sanctions Pose a Challenge for Chevron and Valero, Analysts Say

Venezuela's Guaido expresses concern over Greek position | News

On Monday, the Trump administration announced billions of dollars in new sanctions against Maduro and the country's state-owned oil monopoly PDVSA.

Guaidó, leader of the opposition and head of the National Assembly, quickly energized the movement against Maduro.

It's unclear how much Venezuelan oil will be diverted because, under the sanctions, US refiners will still be able to buy oil from PDVSA but the proceeds from the transactions will be set aside for the use of a new government in Venezuela. "Be on alert, Venezuela!"

Nicolás Maduro is now facing fierce demonstrations against his authority, with opposition leader Juan Guaido also swearing himself in as president last week.

Meanwhile, National Security Adviser John Bolton warned that "all options are on the table" against Venezuela, who could face a "significant response" if any harm came to the US diplomatic personnel, Guaido or members of the national assembly.

He said: "The path to sanctions relief for PDVSA is through the expeditious transfer of control to the interim president or a subsequent democratically elected government who is committed to taking concrete and meaningful actions to combat corruption. Otherwise, we will not be buying it", he said. If sanctions are fully imposed, Venezuela's market share will be up for grabs.

He has called world leaders who want him gone "Trump sycophants".

USA military invention is seen in Washington as highly unlikely, but President Donald Trump has repeatedly said "all options are on the table" and notes Bolton held at a Monday briefing containing the words "5,000 troops to Colombia" have raised questions.

Bradley Cooper makes a surprise appearance at Lady Gaga's show
He then shared another video from the night, which had fans screaming as Gaga knelt beside Cooper during his part of the song. After Gaga sang her verse, the stars joined each other for a powerful chorus, likely not leaving a dry tear in the room.

In Spain, state-owned shipbuilder Navantia said it has called back four Spanish technicians from Venezuela who were readying for final delivery a navy patrol ship sold 14 years ago to the Venezuelan government.

Even though the Venezuelan military has shown no sign of abandoning Maduro, Bolton said: "Our assessment based on numerous contacts on the ground is that the rank and file of the Venezuelan military is acutely aware of the desperate economic conditions in the country and we think they look for ways to support the National Assembly government".

International Brent crude oil futures rose over 2 percent on Tuesday in reaction. He said one member of the Bolivarian Guard was reportedly killed in the state of Monagas. The kind of crude that Venezuela exports, known as heavy-sour, is now scarce due to voluntary cuts in OPEC and Canadian output and the impact of American sanctions on Iran.

Russian Foreign Minister Sergei Lavrov said the sanctions completely undermined confidence in an worldwide financial system that is dominated by the U.S.

Moscow is assessing the impact on Russian Federation of the sanctions and intends to use all legal mechanisms at its disposable to protect Russia's interests in Venezuela in light of the sanctions, Kremlin spokesman Dmitry Peskov said.

The U.S. State Department raised its travel advisory for Venezuela to level 4 and warned that Americans have been arbitrarily detained "for long periods" in the politically unstable nation.

He did not outline any specific steps in support of Maduro's government.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump Lawyer Probe 'Close To Being Completed': Acting US Attorney General
Jan 29, 2019 - 06:42
The report would explain any prosecution of declination decisions reached by the special counsel. Bush's administration, appeared headed for confirmation in the Republican-controlled Senate.

isis-killer-beheading-video-story-top Major iPhone FaceTime Bug Lets You Eavesdrop on Any iPhone User
Jan 29, 2019 - 06:37
In the meantime, you'll probably want to disable FaceTime and maybe sleep with your iPhone outside the bedroom for a bit. In order to deactivate FaceTime on your iOS device, navigate to " Settings , ' then tap on 'FaceTime" and select 'Off'.

isis-killer-beheading-video-story-top US Charges Huawei, Affiliates, CFO With Conspiracy, Stealing Trade Secrets
Jan 29, 2019 - 05:57
Huawei officials also provided assurances to the US Congress that its business didn't run afoul of any US law pertaining to Iran. In a separate case , the Justice Department said Huawei stole robotic technology from carrier T-Mobile US Inc.

isis-killer-beheading-video-story-top Arsenal could recruit up to two players before transfer deadline - Unai Emery
Jan 29, 2019 - 05:14
We have enough players. " Perisic has asked to leave but there is no offer for him", said Marotta. I think they're going to play with a big motivation, also and finding a lot of duels against us.

isis-killer-beheading-video-story-top Brock Lesnar Post-WM34 Altercation with Vince McMahon Shown on WWE 24
Jan 28, 2019 - 09:29
Download the WWE Network on iOS and Android devices to watch it online and on-the-go. Let us know what you think how the show will go down in the comments section below.

isis-killer-beheading-video-story-top New Zealand v India 3rd ODI
Jan 28, 2019 - 08:58
Shami removed Colin Munro for seven, while Bhuvneshwar claimed the scalp of Martin Guptill for 13 runs. In reply, the New Zealand innings never really got going as they lost wickets at regular intervals.

isis-killer-beheading-video-story-top Winter Storm Watch and High Wind Watch Issued for Bis-Man
Jan 28, 2019 - 06:14
The way things are set up, we could be seeing some of the coldest weather in several years in the middle of next week. From this Sunday evening overnight into Monday morning heavy snow and blowing snow is expected over this same area.

isis-killer-beheading-video-story-top Mick Mulvaney says Donald Trump will secure border 'with or without Congress'
Jan 28, 2019 - 05:15
President Donald Trump makes an announcement on border security and immigration, at the White House in Washington, Jan. 19, 2019. But the House Democrats calculated that voters would blame Trump for the ensuing chaos - and polls showed they were correct.

isis-killer-beheading-video-story-top Boy, 10, wins science fair by proving Tom Brady a cheater
Jan 27, 2019 - 15:48
Ace, who also plays quarterback, predicts the Rams will win 30-14, and that Brady will throw three interceptions. Meet Ace Davis, a 10-year-old kid from Lexington, Kentucky who created a science fair project about Tom Brady .

isis-killer-beheading-video-story-top Buhari under pressure over judge suspension
Jan 27, 2019 - 15:47
Nigeria , Africa's top oil producer, has a history of election rigging and vote results being disputed in the courts. The NBA warned the executive arm of government's actions were unconstitutional and "portends a slide into anarchy".

isis-killer-beheading-video-story-top Pelosi Says No "Border Wall" Counteroffer, As Trump Fights For Shutdown Resolution
Jan 27, 2019 - 15:46
A resolution approved by both chambers is required for Trump to deliver the nationally televised address from the House. Trump followed up by revoking her use of a military plane for a congressional delegation visit to Afghanistan.

isis-killer-beheading-video-story-top Will Derek Jeter Be A Unanimous Hall Of Fame Selection In 2020?
Jan 27, 2019 - 15:44
The choice of cap is often a hard one for players to make, but expect fans to respect the family's decision in this case. "The Hall of Fame provides guidance to inductees as to which logo, if any, may be depicted on an electee's plaque cap".

isis-killer-beheading-video-story-top Top Venezuelan military official in United States defects
Jan 27, 2019 - 15:43
As I said earlier, we stand with the Venezuelan people to restore democracy and return that country to its rightful condition. No more delays, no more games. "Either you stand with the forces of freedom, or you're in league with Maduro and his mayhem".

isis-killer-beheading-video-story-top Louisiana shooting leaves 5 dead; suspect at large
Jan 27, 2019 - 15:32
Authorities in Louisiana say they are searching for 21-year-old Dakota Theriot , who is considered "armed and unsafe ". Livingston Parish Sherriff's Office spokesperson Lisa Steele said there is no motive at this time.

isis-killer-beheading-video-story-top Vodafone puts Huawei rollout in core networks on hold
Jan 27, 2019 - 15:30
Carriers are becoming wary of expanding their ties to Huawei amid a US -led crackdown on the largest telecom-equipment supplier. Last week, Vodafone followed BT in suspending the use of Huawei kit in its core network.