Trump confirms US seized oil tanker off Venezuela
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White House says US intends to keep seized tanker's oil, hits Maduro family with new sanctions
The vessel, known as "The Skipper," was seized by the U.S. Coast Guard and other U.S. agencies on Wednesday. It was sanctioned by the U.S. in 2022. According to a 2022 Treasury Department notice, the tanker was one of several vessels used for illicit oil shipments by a Gulf-based businessman named Viktor Artemov.
The United States is escalating its pressure campaign on Venezuela’s leader, Nicolás Maduro, after seizing an oil tanker off the coast.
Using U.S. forces to take control of a merchant ship is unusual and marks the Trump administration's latest push to increase pressure on Maduro, who has been charged with narcoterrorism.
The International Energy Agency trimmed its forecast of next year's global oil supply glut for the first time since May on Thursday, flagging higher demand prospects due to a stronger world economy and lower supply from nations under sanctions.
The lawsuit filed Wednesday in Los Angeles Superior Court charges four oil companies with failing to properly clean up at least 227 idle or exhausted wells in the oil field near Baldwin Hills.
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Read more here.
Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.
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