Last Sunday (January 3), the US launched a large-scale military operation against Venezuela, seizing President Nicolas Maduro and his wife and detaining them in New York. The move sparked widespread criticism, with many calling it an unlawful bid to control Venezuela’s oil wealth.
Now, just days later, Venezuela’s state oil company Petroleos de Venezuela SA (PdVSA) says it’s in talks with the United States to sell crude oil. In a statement on its Telegram channel, PdVSA said both sides are discussing "the sale of oil volumes" using "similar schemes to those currently in place with international companies, such as Chevron."
These negotiations could reshape energy ties between Latin America and the US, impacting global oil prices and supply chains that young professionals in South Asia and Southeast Asia rely on—think fuel for everyday rides in Jakarta or power for studying in Dhaka. ⚡🚗
While details are still under wraps, the talks hint at a potential thaw in trading relations despite recent tensions. If sealed, the deal may use familiar export models—like barter or debt-for-oil arrangements—that PdVSA has employed with Chevron and other partners.
Keep an eye on this space for updates as the world watches whether oil diplomacy will trump military action in one of the biggest energy-rich nations. 🌏⛽
Reference(s):
Venezuelan state oil company says in talks with U.S. to sell crude oil
cgtn.com
