Venezuelan Oil

A collection of 25 posts

Crypto

Solana USOR Token Rallies 150% After U.S. Venezuela Oil Asset Coverage

Beincrypto reports that USOR, a Solana-based "US Oil" token, surged more than 150% in 24 hours on January 20 as traders reacted to U.S. moves involving Venezuelan oil assets. The token briefly pushed its market capitalization above $40 million and traded above $0.04 at the height

World

Trump halts Venezuelan oil shipments to Cuba; experts warn of severe shortages

President Trump has stopped Venezuelan oil shipments to Cuba, and experts warn the interruption could plunge the island into extended darkness because oil fuels its electric grid. Experts say Cuba needs about 100,000 barrels of oil a day to keep lights on and power buses, trains and factories, but

Business

Trump’s push to revive Venezuela oil could help some firms but will take years

President Trump’s plans to revive Venezuela’s oil industry are likely to take years to produce large output gains, but analysts and industry officials say clear winners and losers are already emerging. Likely beneficiaries include companies already operating in Venezuela, such as Chevron, and U.S. Gulf Coast refiners

Politics

Trump's bid for Venezuelan oil meets corporate reluctance and market realities

President Trump has pushed to take control of Venezuelan oil as part of a White House drive for “energy dominance,” hosting oil executives and declaring “We are open for business” after the U.S. operation that seized Venezuela’s leader, Nicolás Maduro, on Jan. 3, the Times reported. Administration officials

World

Trump threatens to seize Greenland, saying ‘whether they like it or not’

President Trump again threatened on Friday to forcibly annex Greenland, saying he was “going to do something on Greenland, whether they like it or not” at a White House event. The event, where Mr. Trump hosted oil and gas executives, focused on his plans to have American companies exploit Venezuela’

World

Trump administration outlines plan to assume control of Venezuela’s oil sales

After the capture of President Nicolás Maduro, Trump administration officials outlined a plan to effectively assume control of selling oil from Venezuela indefinitely, the New York Times reported. Venezuela’s oil industry dates to a 1914 commercial well near Lake Maracaibo and has undergone major shifts, including two waves of

World

Delcy Rodríguez named Venezuela’s interim leader after Maduro’s capture

Delcy Rodríguez, a long-serving Venezuelan official, has become the country’s interim leader with President Trump’s assent after U.S. forces captured and forcibly extracted Nicolás Maduro and his wife to stand trial in New York, The New York Times reports. Once a combative foreign minister who berated Western

World

Trump says Cuba is 'going down' as Venezuelan oil disruptions threaten services

Time reports that on Sunday President Donald Trump dismissed the idea of U.S. military action against Cuba while offering a bleak assessment of the island’s economic and political stability, saying it is "going down for the count." The turmoil following the capture and extraction of Venezuelan

Politics

Trump says US may oversee Venezuelan oil for years

Independent.co reports President Donald Trump said the United States may oversee Venezuelan oil operations for an extended period, acknowledging it could take years to revive the country’s oil sector. In an interview with The New York Times, Trump said “I would say much longer” when asked how long

Business

Trump seeks control of Venezuela’s oil to push US price toward $50 a barrel

Donald Trump plans to use Venezuela’s vast crude reserves to establish control of much of the western hemisphere’s oil and try to drive the US consumer price down to about $50 a barrel, according to reports. The Wall Street Journal, citing senior Trump administration officials, said the president

Politics

Late-night hosts mock Trump control of Venezuelan oil proceeds

The Trump administration announced on Wednesday that the United States would sell up to 50 million barrels of Venezuelan oil and that President Trump would personally be in control of the proceeds. Late-night hosts responded with jokes and criticism. Jimmy Kimmel said it was good Trump would be in charge

Politics

Rubio outlines plan to seize and sell up to 50 million barrels of Venezuelan oil

Time reports Secretary of State Marco Rubio said Wednesday that the administration plans to seize and sell up to 50 million barrels of Venezuelan oil to give the Trump Administration “tremendous leverage” to stabilize the country after last weekend’s U.S. raid removed President Nicolás Maduro from power. Rubio

World

U.S. seizes Russian-flagged tanker in North Atlantic and intercepts second ship

The U.S. military seized two oil tankers on Wednesday, including a Russian-flagged vessel in the North Atlantic between Scotland and Iceland, saying the ships had violated U.S. sanctions. The U.S. Coast Guard boarded the Russian-flagged tanker after a roughly two-week pursuit, according to a U.S. official

Business

U.S. says it will oversee Venezuela oil sales 'indefinitely', energy secretary says

Energy Secretary Chris Wright said Wednesday the United States intended to maintain significant control over Venezuela's oil industry, including overseeing the sale of the country's production "indefinitely." He made the comments at a Goldman Sachs energy conference near Miami: "Going forward we will

World

Trump says US oil firms will tap Venezuela reserves after Maduro's capture

Hours after Nicolás Maduro was captured by US special forces in Venezuela and indicted on drugs, weapons and “narco-terrorism” charges, US president Donald Trump spoke about plans for the country’s oil industry. Trump said Venezuela’s oil reserves, reputedly the world’s largest, are “set to be pumped by

World

Trump says Venezuela will send millions of barrels of oil to the U.S.

President Trump said on Tuesday night that Venezuela would begin sending oil to the United States after American forces captured President Nicolás Maduro, a move the New York Times described as a significant concession by Venezuela’s new leaders. The Venezuelan government has not commented on Mr. Trump’s announcement.

World

Cuba’s economy in ‘free fall’ amid blackouts, shortages and dwindling Venezuelan oil

Cuba is enduring what many officials and experts call the worst economic moment in the 67-year history of its communist revolution, marked by widespread power outages, medicine shortages and rising food prices, residents and economists say. Blackouts in some Havana neighborhoods last 14 to 15 hours, provinces can go about

World

China says US seizure of Maduro threatens Beijing’s interests in Venezuela

China has expressed alarm after US forces seized Venezuela’s leader, Nicolás Maduro, in an operation that has upended the government of one of Beijing’s designated “all‑weather” strategic partners in Latin America. Hours before his capture, Maduro met a Chinese delegation in the presidential palace in Caracas and

Politics

Rubio played key role in Maduro’s capture and is now expected to oversee U.S. control of Venezuela

Secretary of State Marco Rubio helped steer President Trump toward a military operation that seized Nicolás Maduro in Caracas and is now expected to take the lead in overseeing U.S. control of Venezuela and in pressing for American access to its oil reserves. The push toward military action began

World

U.S. turns attention to Venezuela’s oil after Maduro’s capture, raising production and pollution questions

In the days after what the article describes as the extraordinary capture of Nicolás Maduro in Caracas, President Trump and his allies have emphasized plans to revive Venezuela’s oil industry. Mr. Trump said the U.S. would “spend billions of dollars, fix the badly broken infrastructure” and “start making

World

Trump’s Venezuela aims — oil, drugs, migration and democracy — conflict, report says

Time reports President Donald Trump has set out four explicit objectives for his recent grab-and-go operation in Venezuela: securing greater U.S. access to Venezuelan oil, curbing drug trafficking, halting Venezuelan migration, and democratizing the country. On oil, Trump has argued the mission is “not going to cost us anything,

Business

Trump’s push to bring U.S. oil firms back to Venezuela faces long, costly recovery

President Trump has urged U.S. oil companies to return to Venezuela after the ouster of President Nicolás Maduro, but industry and political obstacles mean a revival of the country’s oil sector will not be quick or inexpensive. Analysts and former executives say a handful of Western producers could

Politics

Rubio says U.S. will keep military 'quarantine' on Venezuela oil exports

Secretary of State Marco Rubio said on Sunday that the United States will maintain a military "quarantine" on Venezuela’s oil exports to pressure the country’s new leadership, appearing to pivot from President Trump’s recent remark that the U.S. would "run" Venezuela. Rubio

Politics

Trump Says U.S. Will Run Venezuela After Seizure of Maduro, Citing Oil Claims

Jan. 3, 2026 — President Trump announced that the United States would “run” Venezuela for an unspecified period after U.S. forces seized President Nicolás Maduro and his wife, saying Washington would issue orders to an interim government and seek to regain control of Venezuela’s oil resources. Speaking at Mar-a-Lago,

World

How tensions between the US and Venezuela escalated into strikes

After months of rising tensions and a build-up of US warships in the Caribbean, the United States has struck Venezuela. US President Donald Trump said Venezuelan President Nicolás Maduro has been captured and taken out of the country; much of what has happened or is still happening remains unclear. Tensions