The International Monetary Fund on Tuesday rejected economically devastated Venezuela's request for a $5 billion loan to help it cope with the coronavirus pandemic.
"It is necessary, it is indispensable, it is the response," Maduro said in an address on state television. "The crude crisis, crisis, crisis is just starting."
Venezuela's Foreign Minister Jorge Arreaza has called for dialogue to end the current crisis in this country.
Venezuelans were expected to take to the streets for what opposition leader Juan Guaido pledged would be the “largest march” in the country’s history.
Maduro has congratulated the military for "defeating" the plotters of a coup after a day of protests called for by opposition leader Juan Guaido.
Venezuelan lawmakers loyal to President Nicolas Maduro stripped opposition leader Juan Guaido's immunity Tuesday.
Sanctions have intensified the need for the oil that is being pumped out of these vast fields. Gulf production averaged 1.89 million bpd in March, up nearly 145,000 bpd from February, said Jodi Quinnell, oil analyst at Genscape.
The coach of Venezuela's national soccer team said on Friday he had offered to resign after meeting with opposition leader Juan Guaido's envoy to Spain, in the midst of a power struggle between Guaido and socialist President Nicolas Maduro.
Lionel Messi returned to Argentina duty for the first time since the World Cup on Friday but it was a disappointing outing for the forward as they lost 3-1 to Venezuela and he was ruled out of their next match with a groin problem.
International Brent crude oil futures were at $66.95 a barrel at 0751 GMT, up 28 cents, or 0.4 percent, from their last close.
All personnel at the US Embassy in the Venezuelan capital of Caracas will be withdrawn this week, Washington Examiner newspaper reported Tuesday.
Venezuela is suspending school and business activities on Monday amid a continuing blackout.
Colombia will allow Venezuelans to cross the border using expired passports.
Brent crude futures were at $66.12 per barrel at 0757 GMT, up 13 cents, or 0.2 percent, from their last close.
Russia will do all possible to prevent a U.S. military intervention in Venezuela, the TASS news agency quoted the speaker of Russia's upper house of parliament.
Venezuela’s self-declared President Juan Guaido visited Paraguay and Argentina on Friday to shore up Latin American support for a transition government.
The United States on Friday ramped up its attempt to dislodge Venezuelan President Nicolas Maduro from power, imposing new sanctions and revoking visas.
U.S. Vice President Mike Pence plans to have his first meeting with Venezuela’s Juan Guaido in Colombia on Monday.
Venezuelan President Nicolas Maduro said his government had broken relations with Colombia and would expel some Colombian diplomatic staff.
Trump's national security adviser John Bolton has canceled plans to travel to S. Korea ahead of next week's summit in Hanoi aimed at addressing North Korea's nuclear program.