US EditionUSDT Anchors Venezuela’s Post-Maduro Oil Trade
5 Articles
5 Articles
The oil market has not yet reacted with dramatic fluctuations in international crude prices following the capture of Nicolás Maduro and what the United States describes as the seizure of control of Venezuela.
Venezuela's oil industry, the backbone of its economy, entered a phase of technical paralysis.After the capture of Nicolás Maduro and the establishment of an interim government under pressure from Washington, the state-run Pdvsa began to close wells and reduce its crude oil production due to the impossibility of exporting and the exhaustion of its storage capacity.The naval and commercial blockade imposed by the Donald Trump administration has r…
USDT Anchors Venezuela’s Post-Maduro Oil Trade
Global markets are digesting a wave of geopolitical shocks, from renewed conflict in Eastern Europe to rising tensions across Latin America. In this environment, Venezuela’s political rupture following the arrest of Nicolás Maduro is sending ripples far beyond Caracas. One of the clearest signals is not found in diplomacy or military headlines, but in payments. USDT is quietly strengthening its position as a core settlement tool in Venezuela’s o…
Currently, more than 17 million barrels are on ships waiting to sail, according to data from TankerTrackers.com.
Caracas/New York - The US military intervention in Venezuela and the kidnapping of its president Nicolás Maduro to the United States do not pose an immediate risk to the oil market, analysts say. At the same time, they say it is not yet possible to predict whether oil production in the South American country, after years of neglected investment, can return to its original levels in the foreseeable future. Even so, the recovery will be very expen…
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