The Conversation

Thu Dec 11

Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue

Written by Francisco J. Monaldi, Wallace S. Wilson Fellow in Latin American Energy Policy, Rice University

A video posted on Attorney General Pam Bondi's X account shows the moment an oil tanker was seized by U.S. forces off the coast of Venezuela.U.S. Attorney General's Office/X via AP

The U.S. seizure of an oil tanker off the Venezuelan coast looks designed to further squeeze the economy of President Nicolás Maduro’s country.

The Dec. 10,...

Black-market oil buyers will push Venezuela for bigger discounts following US seizure – starving Maduro of much-needed revenue

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