According to the White House, the Executive Order blocks any attachment, judgment, lien, execution, garnishment or other judicial process against Venezuelan oil revenues and diluent sales deposited in US Treasury accounts. These funds, termed "Foreign Government Deposit Funds," are to remain
Speaking with ANI, Sachdev noted Indian refineries, like Reliance's Jamnagar, can process Venezuelan crude, making it a viable option for India if prices are right.
"A lot of money is going to be made. Oil prices will come down, although they are getting down pretty good now without it, and it was a great meeting we had today with the biggest companies anywhere in the world," Fox News quoted Trump as saying.
US President Donald Trump met top oil and gas executives at the White House and assured them of safety and security in Venezuela. Saying that the United States built the Venezuelan oil industry with American talent, now US would do "everything" about the assets stolen.
US President Donald Trump said on Friday (US local time) that he is going to meet top oil industry executives at the White House and hold discussion exclusively on Venezuela- its oil, the ties with US, security, the people and "stoppage" of drugs and criminals coming into the US.
Trump made the announcement in a post on his social media platform Truth Social, stating, "At least 100 Billion Dollars will be invested by BIG OIL, all of whom I will be meeting with today at The White House."
The US Southern Command on Friday announced the seizure of another oil tanker, named Olina, in the Caribbean Sea in a pre-dawn operation, making it the fifth seizure of a tanker by US forces.
"A large military force is down there to enforce the sanctions... and with the blockade, he (Trump) enforced the sanctions. We have a leverage now. We've got a Venezuelan government that wants to work with the United States and that tried to end the corruption, or at least they will work con
India on Friday said it is closely monitoring reports of Indian nationals allegedly present on a Russian-flagged oil tanker recently seized by the United States in the North Atlantic Ocean after weeks of pursuit, noting that it is currently "ascertaining" the details of the nationals aboa
Responding to a proposed bill in the United States Congress that seeks to impose a 500 per cent duty on countries continuing to purchase Russian oil, India on Friday said it remains guided by the imperative of securing "affordable energy" for its 1.4 billion people amid evolving global ma
The Sensex was down 604.72 points or 0.72% at 83,576.24, while the Nifty was down 193.55 points or 0.75% at 25,683.30. Among the sector, PSU Banks, Oil & Gas, IT, PSE, and Metals remained strong footed, while weakness was seen in Realty, Private Banks, Financial Services, FMCG, and Consumer