Venezuela has 20 tons of gold ready to ship. Address unknown

US crude production has undermined sentiment in market

US crude production has undermined sentiment in market

U.S. President Donald Trump's campaign against oil producer Petroleos de Venezuela SA is meant to bolster the position of National Assembly leader Juan Guaido, whom Washington has recognized as Venezuela's interim president.

Venezuelan President Nicolas Maduro hit out Wednesday at military "mercenaries" he says are conspiring to divide the armed forces and plot a coup as the opposition planned a new protest to force the socialist leader from power.

Venezuelan Attorney General Tarek Saab sought a preliminary investigation of Guaido on the basis that he helped foreign countries interfere.

Nevertheless, the Venezuelan leader said he remains ready to meet with U.S. President Donald Trump in the United States, in Venezuela, or wherever Washington wants to hold discussions.

The unusual arrival of a Russian passenger plane in Caracas has set social media abuzz with rumors about its mission after the Kremlin pledged to support its ally Venezuelan President Nicolas Maduro against a USA -backed effort to drive him from office.

"My advice to bankers, brokers, traders, facilitators, and other businesses: don't deal in gold, oil, or other Venezuelan commodities being stolen from the Venezuelan people by the Maduro mafia".

Venezuela's government struck back at self-declared interim president Juan Guaido on Tuesday, with the Supreme Court imposing a travel ban and freeze on his bank accounts despite a warning from Washington of "serious consequences" if it did so. Guaido said Monday he would take control of the country's accounts overseas and appoint new boards to PDVSA and its Houston-based subsidiary, Citgo Petroleum Corp.

Bolton said he expects Monday's actions against PDVSA will result in more than $11 billion U.S. in lost export proceeds over the next year.

The already distressed nation is likely to face even tougher times ahead after the USA imposed sanctions Monday on Venezuela's state-owned oil company, potentially depriving the Maduro government of $11 billion in export revenues over the next year.

"We are ready to participate in global efforts in formats acceptable to the Venezuelan parties", he said.

United States refineries can receive Venezuelan oil already paid for and now at sea, Treasury Secretary Steven Mnuchin said.

Venezuelan President Nicolas Maduro said he is ready to hold talks with the country's opposition with the help of worldwide mediators, RIA Novosti reported on Wednesday. Many opposition leaders have been imprisoned in the South American nation.

On Monday, the U.S. hit Venezuela's state-owned oil company with potentially devastating economic sanctions that could cost the already distressed nation billions in revenue.

US military invention is seen in Washington as highly unlikely, but President Donald Trump has repeatedly said "all options are on the table" and notes Bolton held at a Monday briefing containing the words "5,000 troops to Colombia" have raised questions.

Russian Federation has provided Mr Maduro's government with loans and weapons.

The Trump administration has imposed sanctions on PDVSA, Venezuela's government-owned oil company.

Oil-rich Venezuela has suffered an economic meltdown marked by hyperinflation and shortages of basic necessities that has left millions in poverty, while 2.3 million more have fled the country.

Washington's fast action on Venezuela and efforts by Maduro's government to defend its grip on PDVSA have sent shock waves around the world, triggering higher global oil prices and angry responses from China and Russian Federation. January 23 because the US recognized Guaido.

Russia expects Venezuela to have trouble servicing more than 3 billion dollars of debt to the Russian state, the Russian Finance Ministry said.

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