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Venezuelan Oil
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The Office of Foreign Assets Control (OFAC) under the U.S. Department of the Treasury will allow the resale of Venezuelan origin oil to Cuba's non-governmental sectors, according to an update from the OFAC on Wednesday.26 Feb 2026-04:26
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Commodity traders Vitol and Trafigura are in discussions with the U.S. administration about marketing Venezuelan oil, four people familiar with the matter said, as Washington pushes to open up crude exports following recent political developments.08 Jan 2026-16:29
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The United States will focus on economic measures rather than military action against Venezuela in the coming months, a U.S. official told Reuters. The strategy centers on enforcing sanctions on Venezuelan oil, which remains a crucial source of revenue for Caracas.25 Dec 2025-16:45
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