Oil - Page 2

U.S. to Control Venezuelan Oil Sales Indefinitely

The Trump administration will sell Venezuelan oil “indefinitely” and control the proceeds, Energy Secretary Chris Wright announced Wednesday, as part of the administration’s broader strategy to manage Venezuela’s oil exports and rebuild its energy sector.

Maracaibo, Venezuela. 12-04-2025. An oil tanker is seen anchored in Lake Maracaibo after l

Massive ‘Shadow Tanker’ Fleet Helps Rogue Nations Evade U.S. Sanctions

The Trump administration’s “blockade” of illegal Venezuelan oil shipments is among the few serious efforts at controlling the “shadow fleet” or “dark fleet” – the vast armada of tankers flying false flags, submitting false paperwork, shutting down their identification equipment, and helping rogue nations like Russia, Iran, and Venezuela evade U.S. sanctions against their oil industries.

AHTOPOL, BULGARIA - DECEMBER 8: The Kairos oil tanker, a Gambian-flagged vessel believed t