Organization of Petroleum Exporting Countries (OPEC)

US seizes Venezuelan president’s plane in Dominican Republic

SANTO DOMINGO — The United States has seized a plane used by Venezuelan President Nicolas Maduro and flown it from the Dominican Republic to Florida after determining that its purchase…

John McCarthy September 2, 2024

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How Joe Biden ‘broke OPEC’ and rewrote the rules for oil trading

WASHINGTON - The U.S. is buying another 3 million barrels of oil for the country's Strategic Petroleum Reserve, the Department of Energy said this week, as it slowly replenishes the…

John McCarthy June 7, 2024

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Analysis: Ukraine-Related Price Jolts Threaten Cuba’s Already Tepid Recovery

HAVANA — The Russian invasion of Ukraine is making Cuba's three-year-old foreign exchange crisis worse as import costs jump, undermining an incipient recovery and threatening more hardship for residents, according…

VI Free Press April 20, 2022

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United Arab Emirates Emerges As Hub For Companies Helping Venezuela Skirt U.S. Oil Sanctions, Report Says

ABU DHABI — In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to…

VI Free Press December 29, 2020

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Cuba’s Money Worries Linked To Its Dependence On Imported Oil

HAVANA -- Cash-strapped Cuba plans fresh austerity measures and will pressure the sluggish bureaucracy to tighten its belt and cut red tape to address weak growth, falling export earnings and…

John McCarthy December 29, 2018