Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Nicolas Maduro: The Palestinian cause is the most sacred cause for humanity, and we propose sending teams of builders, farmers, and doctors to Gaza to help the people
Al Mayadeen's correspondent in Lebanon: IOF infiltrate Khallet Wardeh towards the municipality in the town of Aita al-Shaab, south of Lebanon.
Leaders of the United States, Egypt, Qatar, and Turkey sign a ceasefire agreement in Gaza.
Trump arrives in Sharm el-Sheikh
Israeli PM's office: PM informed Trump he would not attend Sharm el-Sheikh Summit on account of Jewish holidays.
Israeli media: Netanyahu makes last-minute decision to cancel trip to Sharm el-Sheikh.
Al Mayadeen's correspondent: Large crowds gather in Khan Younis to welcome the liberated Palestinian detainees, waving flags of Hamas and Islamic Jihad in celebration
Buses of released prisoners arrive in Ramallah
Israeli media: Netanyahu gifts Trump a "Golden Dove".
Israeli media: Netanyahu will take part in Sharm el-Sheikh Summit.

Second oil company ordered by US to pull out of Venezuela

  • By Al Mayadeen English
  • Source: News websites
  • 29 Mar 2025 17:32
2 Min Read

Trump previously announced that he will impose tariffs on countries that purchase oil and gas from Venezuela amid an immigration row between Washington and Caracas.

Listen
  • x
  • Gas is flared at the Jose Antonio Anzoategui oil complex in Barcelona, Anzoategui State, Venezuela, Tuesday, Jan. 9, 2024 (AP)
    Gas is flared at the Jose Antonio Anzoategui oil complex in Barcelona, Anzoategui State, Venezuela, on Tuesday, January 9, 2024. (AP)

The United States has ordered a second oil-trading company to cease operations in Venezuela, following Trump's plans to impose tariffs on countries that purchase oil and gas from the South American country.

The US Department of the Treasury ordered the Global Oil Terminals and Chevron oil-trading companies to end all financial operations in Venezuela on Saturday and finalize all payments due to Venezuela-based entities by next Wednesday.

Both companies were ordered to cease their operations in the Latin American country by May 27.

Earlier this week, US President Donald Trump announced that he will implement a 25% tariff on countries that procure oil and gas from Venezuela, to go into effect on April 2 as a measure against Caracas for allegedly sending criminals to the United States.

Related News

Kurdistan oil firms reach deal with Baghdad to resume exports

Iraq signs energy deal with US oil giant Chevron

Trump slams tariffs on countries that purchase oil from Venezuela

On March 27, US President Donald Trump intensified economic pressure on Venezuela by declaring a 25% tariff on countries purchasing Venezuelan oil, linking this decision explicitly to Caracas' purported failure to honor political and migration agreements.

"This secondary tariff will take effect on April 2," Trump wrote on Truth Social, accusing the Venezuelan government of sending "tens of thousands" of migrants with a "very violent nature" to American soil.

Previously, Trump terminated a sanctions waiver that allowed Chevron to operate in Venezuela's oil sector since 2022.

China, as the largest buyer of Venezuelan oil, imported around 503,000 barrels per day in February, accounting for 55% of the country's total exports, while other major purchasers, including Spain, Italy, Cuba, and India, now encounter the possibility of trade penalties with the US.

Venezuelan President Nicolas Maduro has promised to counter the mounting economic pressure by the United States with a self-sufficient model under the slogan: "Made in Venezuela", declaring, “We will confront imperialist threats because we have an economic, social, and political model built in Venezuela. We simply do not depend on anyone.”

 

  • Chevron
  • United States
  • Venezuela
  • Donald Trump

Most Read

Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
Taylor Swift: The Life of a Showgirl

The Life of a No-Girl: The one verse Taylor Swift refuses to sing

  • Arts and Culture
  • 8 Oct 2025
Ceasefire in Gaza takes effect amid conflicting signals and bombings

Gaza ceasefire takes effect; 'Israel' resumes bombing, timing disputed

  • Politics
  • 9 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Freed Palestinian prisoners carry rifles as they arrive in the Gaza Strip following their release from Israeli jails, outside Nasser Hospital in Khan Younis, southern Gaza Strip, Monday, October 13, 2025 (AP)
Politics

Palestinian resistance remains steadfast, victorious Larijani says

Lebanese Army Commander General Rodolphe Laffan inspecting the command structure of the 10th Infantry Brigade in Kfarskhna-Zgharta on October 13, 2025. (Lebanonese Army)
Politics

Lebanese Army chief: Israeli aggression threatens Lebanon's security

Hamas fighters escort buses carrying freed Palestinian prisoners arriving in the Gaza Strip after their release from Israeli jails, in Khan Younis, southern Gaza Strip, Monday, October 13, 2025 (AP)
Politics

154 Palestinian prisoners exiled to Egypt under exchange deal

Israeli Prime Minister Benjamin Netanyahu arrives before US President Donald Trump addresses the Knesset, Israel's parliament, Monday, October 13, 2025 in Occupied Al-Quds. (Kenny Holston/The New York Times via AP, Pool)
Politics

Netanyahu withdraws from Sharm el-Sheikh summit amid regional pushback

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS