IMF warns Venezuela’s economy and humanitarian situation is ‘quite fragile’
Figures show Venezuela’s public debt sits at roughly 180 percent of its GDP as the country struggles with tumult.
![Cuban President Miguel Diaz-Canel said the country would double down on solar power generation [File: Norlys Perez/Reuters]](https://www.aljazeera.com/wp-content/uploads/2026/02/2026-01-17T014142Z_1618701892_RC2K2JA0KWPC_RTRMADP_3_USA-VENEZUELA-CUBA-1770321518.jpg?resize=770%2C513&quality=80)
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EXPLAINER
Can India switch from Russian to Venezuelan oil, as Trump wants?
US President Donald Trump’s plan to sell Venezuelan oil to India is neat, but may be operationally messy, analysts say.
BY THE NUMBERS
What does 303 billion barrels of Venezuelan oil look like?
We visualise the scale of the world’s largest oil reserves, worth trillions of dollars and now controlled by the US.
Trump cuts India tariffs to 18% as Modi agrees to stop buying Russian oil
US president had slapped India with a punitive 25% tariff for buying Russian oil on top of a 25% ‘reciprocal’ tariff.
Trump says India will start buying oil from Venezuela ‘as opposed to Iran’
India is not importing significant amounts of Iranian oil owing to US sanctions as it turned to Russia for supplies.
Countries supplying oil to Cuba threatened with US tariffs
Trump signs executive order ramping up pressure on Havana’s oil supplies in wake of US abduction of Venezuela’s Maduro.
Venezuela’s Rodriguez signs oil reform law while the US eases sanctions
The Trump administration has pressured Venezuela to increase foreign access to the country’s large oil reserves.
TotalEnergies restarts $20bn LNG project in Mozambique after 5-year freeze
Operations were paused indefinitely in 2021 due to escalating violence in the region.
Mexico’s oil industry faces new pressures from Venezuela oil under US
Pemex, burdened with significant debt, financial and operational constraints, now faces competition from Venezuelan oil.
Mexico vows ‘solidarity’ with Cuba after oil shipment cancellation reports
The president says Mexico’s decision ‘to sell or give oil to Cuba for humanitarian reasons’ was a ‘sovereign’ one.
Cuban official accuses US of ‘piracy’ against sanctioned Caribbean island
Ambassador Carlos de Cespedes says US pressure ‘will not subjugate’ Cuba as Venezuelan oil exports to island dry out.
