Letter from South America: Sanction threat fails to curb Caracas
Washington has put oil and gas sanctions back in place while Venezuela prepares for elections. But exemptions remain as the Biden administration looks to domestic gasoline prices ahead of the US’ own elections later this year
For the first time in a long time, Venezuela has a unified opposition and President Nicholas Maduro has genuine cause to worry that a free and fair election could unseat him. Maria Corina Machado, the candidate elected in the opposition primaries, was barred from running by a Chavista court. But she has thrown her weight behind a former diplomat, Edmundo Gonzalez, and it seems as though the electorate is also rallying behind him. The election is still several weeks off and there is no telling what skulduggery may be employed between then and now to strengthen the Chavistas’ position. But one thing remains painfully evident: Venezuelans of all stripes desire change. For President Joe Biden, t

Also in this section
6 May 2025
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
5 May 2025
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share
2 May 2025
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
2 May 2025
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.