Biden inherits Venezuelan conundrum
The incoming US government faces a multitude of foreign policy challenges, but will its arrival also mark reconciliation with Latin America’s largest petrostate?
Venezuela’s ruling elite will be relieved to see the back of President Donald Trump. After four years of Washington tightening the noose on the Bolivarian Republic—pushing the oil sector to the brink of ruin—the country’s president Nicolas Maduro has managed to outlast his US counterpart. But for Venezuela, the key question is what difference a Biden administration will make to the strained bilateral relationship—and, most importantly, the Latin American nation’s ailing economy. Will a new presidency restore better ties, or will a Democratic government continue along the path of severe sanctions laid out by the departing administration? Most importantly, Biden enters the fray with a swathe o
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind