Latest in Tag: Oil Highlight

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Latest in Tag: Oil


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Maduro's oil leverage drips away

Venezuela’s socialist rulers have lived well off the nation’s oil industry for many years. But planned US sanctions could call time on Nicolas Maduro’s rule and stop the flow of foreign currency.For many years, the equation was very simple for the government in Caracas: crude oil from Venezuela was shipped to the US, the subsidiary …

Deutsche Welle

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US sanctions: Iran vows to sell oil, resist US 'economic war'

Iran has vowed to skirt US sanctions and keep exporting oil. The US goal of cutting Iranian oil exports to zero is already being rolled back by reality.Iran stood defiant against the reimposition of US sanctions on Monday as President Hassan Rouhani vowed to keep selling oil during what he described as a "war situation." …

Deutsche Welle