Donald Trump News

Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S. officials had warned that absent progress by President Nicolas Maduro on implementing an electoral roadmap agreed last year, the U.S. would not renew license 44, which since October had eased oil sanctions in place for the last five years.On Wednesday…

The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments.Just hours before the deadline, the U.S. Treasury Department announced on its website that it had issued a replacement license giving companies 45 days to “wind down” their business and transactions in the OPEC country's oil…

Five U.S. labor unions on Tuesday filed a petition with the office of U.S. Trade Representative Katherine Tai requesting a probe into China's alleged unfair policies and practices in the maritime logistics and shipbuilding sectors, the USTR office said.The petition was filed under Section 301 of the Trade Act of 1974, a statute aimed at combating trade partners' unfair practices.Trade practices are only one component of strains in U.S.-China relations in recent years. Other contentious issues include Taiwan…

When the United States and 11 allies published a joint statement last week calling for an end to Houthi attacks from Yemen on Red Sea shipping, they hoped the implicit threat of force might at least reduce the intensity of fire on foreign vessels.Instead, Wednesday saw the largest single attack yet on foreign vessels, according to Western defence officials, launched seven days after the joint statement. It appeared a clear attempt to call the West's bluff, just as other tensions across the Middle East appear to be on the rise.In Iraq and Syria, U.S.

Iran's oil output and exports jumped in August despite U.S. sanctions, according to consultants and companies that track tanker shipments, as Tehran sells to buyers including China.Analysts said the higher exports appear to be the result of Iran's success in evading U.S. sanctions and Washington's discretion in enforcing them as the two countries seek better relations.The United States has sought to limit Iran's oil exports since Donald Trump exited a 2015 nuclear accord in 2018 and re-imposed sanctions aimed at curbing revenues to Iran's government.

On Feb. 10 last year, the cable ship CS Dependable appeared off the coast of the island of Diego Garcia, an Indian Ocean atoll that’s home to a discreet U.S. naval base.Over the next month, the ship’s crew covertly laid an underwater fiber-optic cable to the military base, an operation code-named “Big Wave,” according to four people with direct knowledge of the mission, as well as a Reuters analysis of satellite imagery and ship tracking data.The new super-fast internet link to Diego Garcia, which has not previously been reported, will boost U.S. military readiness in the Indian Ocean, a region where China has expanded its naval influence over the last decade.The CS Dependable is owned by SubCom…

The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia.The Department of Energy approved Alaska Gasline Development Corp's (AGDC) project to export LNG to countries with which the United States does not have a free trade agreement.Backers of the roughly $39 billion project expect it to be operational by 2030 if it gets all the required permits.

The U.S. government is not planning a systematic easing of sanctions on Venezuela after an initial round allowed partners of state-run oil firm PDVSA to resume taking oil for past debts, a State Department official said.In November, Washington issued a six-month license allowing Chevron Corp. to expand operations and export Venezuelan oil to the United States. Eni and Repsol also began taking Venezuelan crude for debt with U.S. approvals, This year, Trinidad and Tobago received a U.S. nod to jointly development an offshore natural gas field with Venezuela. Those moves by U.S.

Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according to companies that track the flows, on higher shipments to China and Venezuela.Tehran's oil exports have been limited since former U.S. President Donald Trump in 2018 exited a 2015 nuclear accord and reimposed sanctions aimed at curbing oil exports and the associated revenue to Iran's government.Exports have risen during the term of his successor President Joe Biden, who had sought to revive the nuclear deal, and hit the highest since 2019 on some estimates.

The U.S. Coast Guard on Sunday said it had recovered the body of one person after a vessel carrying Cuban migrants capsized off Florida's Little Torch Key, adding it rescued nine people and was searching for five others. Survivors told rescuers a total of 19 people were originally on the homemade vessel and that four people drowned immediately after it capsized, Coast Guard spokesperson Nicole Groll said. Rough seas and winds of 30 miles per hour made an already dangerous voyage more perilous, she said.

The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico's urgent need for liquefied natural gas (LNG) after Hurricane Fiona. The Homeland Security Department (DHS) issued a waiver of the Jones Act, a century-old law that requires goods moved between U.S. ports to be carried by U.S.-flagged ships "to address Puerto Rico’s needs as recovery efforts from Hurricane Fiona continue," the department said. In late September, the DHS approved…

The United States on Friday imposed new sanctions following North Korea's latest missile launches this week, targeting a fuel procurement network that Washington said supports Pyongyang's weapons programs and its military.Friday's action targeted two Singapore-registered companies and a Marshall Islands-registered firm, the U.S. Treasury Department said in a statement, as Washington seeks to hold North Korea accountable for ship-to-ship transfers that circumvent United Nations sanctions on the country."By designating these entities and individuals, the United States is sending a clear message that we will continue to take actions against those who support the development and sustainment of the DPRK’s military and weapons arsenal," U.S.

The Biden administration on Wednesday approved a waiver of U.S. shipping rules to address Puerto Rico’s immediate energy and other essential needs in the wake of a devastating hurricane.Homeland Security Secretary Alejandro Mayorkas said he approved "a temporary and targeted Jones Act Waiver" to ensure Puerto Ricans "have sufficient diesel to run generators needed for electricity and the functioning of critical facilities after Hurricane Fiona." The waiver will allow the use of often cheaper or more readily available foreign-flagged vessels.An estimated 349,000 homes and businesses remained without power in Puerto Rico on Wednesday after Hurricane Fiona hit Sept.

The Biden administration on Wednesday said it had identified 700,000 acres for possible offshore wind energy development in the Gulf of Mexico, seeking to expand a growing clean energy industry to a major U.S. oil and gas hub.It also said President Joe Biden would direct his Interior Department to move ahead with offshore wind development in areas of the Atlantic coast where former President Donald Trump banned oil and gas development."Today we open up yet another coast and frontier in expanding offshore wind…

President Joe Biden's administration on Friday unveiled a five-year proposal for offshore oil and gas development in areas of existing production, and said the final plan may have anywhere from zero to 11 lease sales.The range of options, between two auctions a year and none at all, sought to balance the administration's efforts to fight climate change with its calls to increase oil and gas supplies in the face of soaring fuel prices.The proposed plan includes no more than 10 possible sales in the Gulf of Mexico and one in the Cook Inlet off the coast of Alaska…

The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources.Interior Department Secretary Deb Haaland in May had vowed to unveil the draft proposal ahead of the June 30 expiration of the current plan. The department will not be able to hold any offshore oil and gas lease sales until a new plan is finalized.Briefings with officials meant to take place Thursday ahead of a public announcement were unexpectedly delayed, according to sources.

The U.S. Interior Department has recommended to the White House that all federal offshore oil and gas drilling auctions over the next five years be located in the Gulf of Mexico, where the drilling industry has already been focused for decades, according to two sources familiar with the matter.The recommendation to exclude all other waters from offshore oil and gas development comes as U.S. President Joe Biden seeks to balance his goal to transition the country away from fossil fuels against a Congressional requirement to hold regular drilling auctions…

Two Greek oil tankers seized by Iran last week are located in Iranian waters, monitoring service TankerTrackers.com said in a Twitter post on Thursday."We now have a visual confirmation that the hijacked Greek Suezmax tanker Prudent Warrior is in the anchorage of Bandar Abbas, Iran," the online service which tracks and reports shipments and storage of crude oil said in the post.The second vessel, the Delta Poseidon, also a Suezmax tanker, is being held north of Larak island, it added.Iran Urges Greece to Cooperate Over Seized Ships Without US RoleThe Iranian Revolutionary Guards' navy seized the two vessels on May 27 in the Gulf, after the United States confiscated oil from an Iranian-flagged tanker…

The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela, but likely without the greatly expanded terms the U.S. oil major sought, four people close to the talks said.The last U.S. energy producer in Venezuela asked President Joe Biden's government in March for a license that would allow it a greater say in its joint ventures with Venezuela's state-run PDVSA, a first step to reviving output and controlling where oil is sent.In a reversal of earlier hopes for a broadly expanded authorization…

The U.S. seizure of Iranian tankers in recent months has not stopped sanctions-hit Tehran from increasing oil exports, Iran's oil minister was quoted as saying on Saturday.“The United States has on several occasions in the past months violated Iranian oil tankers to prevent export of shipments," Javad Owji said in an interview carried by Iranian media."When the enemy realized it could not stop our exports and contracts, they went after our ships," Owji said.His remarks follow reports of a recent seizure of an Iranian oil tanker in the Bahamas, even as indirect Iran-U.S. talks in Vienna to revive a 2015 nuclear deal could see the lifting of U.S.

Iranian oil exports have risen to more than 1 million barrels per day for the first time in almost three years, based on estimates from companies that track the flows, reflecting increased shipments to China.Tehran's oil exports have been limited since former U.S. President Donald Trump in 2018 exited a 2015 nuclear accord and reimposed sanctions aimed at curbing oil exports and the associated revenue to Iran's government.Iran has kept some exports flowing despite sanctions as intermediaries find ways to disguise the origin of the imports.

Several Democratic U.S. senators said late on Monday, after meeting with Biden administration officials, that they believe sanctions on Russia's Nord Stream 2 pipeline backed by Republican Senator Ted Cruz could harm relations with Germany.Under Secretary of State Victoria Nuland and President Joe Biden's global energy security adviser Amos Hochstein met on Monday behind closed doors with about 10 Democratic senators who have been undecided on the Cruz bill.The legislation is expected to get a Senate vote this week after both parties struck a deal last month…

U.S. officials have told members of Congress they have an understanding with Germany about shutting down the Nord Stream 2 natural gas pipeline if Russia invades Ukraine, a senior congressional aide told Reuters on Tuesday.The White House said Germany had made commitments about the Nord Stream 2 pipeline that runs from Russia to Germany under the Baltic Sea in the event of aggressive acts by Russia.U.S. President Joe Biden told Russian President Vladimir Putin on Tuesday the West…