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Venezuela's Crude Concessions: US Vows to Exert Control over World's Largest Oil Reserves

Summary by France24
What's next for Venezuela, where a surprise attack saw US forces capture President Nicolas Maduro and his wife? Is getting control of the country's oil reserves the most important motivation for US President Donald Trump? Charles Pellegrin talks to David Goldwyn, president of Goldwyn Global Strategies and former US State Department special envoy and coordinator for international energy affairs from 2009 to 2011.

15 Articles

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Venezuela’s oil industry has been under the spotlight since President Donald Trump used military force to capture Venezuelan President Nicolás Maduro. Trump has since said that the United States would be in charge of directing Venezuela’s course and taking advantage of its oil reserves. Trump assured that the South American nation stole oil from the United States, a reference to the decision of former Venezuelan President Hugo Chávez to national…

·Mexico
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Center

By CATHY BUSSEWITZ NEW YORK (AP) — Venezuela’s oil industry has been in the spotlight since President Donald Trump used military force to capture Venezuelan President Nicolás Maduro. Since then, Trump has said the United States would take charge of Venezuela’s future and exploit its oil reserves. He claimed the South American nation stole U.S. oil, a reference to former Venezuelan President Hugo Chávez’s decision to nationalize hundreds of forei…

·United States
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The president of the United States, Donald Trump, reported that his government will assume power in Venezuela after the capture of Nicolás Maduro. In a press conference at the White House, he declared that the mandate will be in charge of “a group” that will ensure that the country is properly managed, until a safe transition can be made. He added that the control of that group will be led for a period by the Secretary of State, Marco Rubio, and…

El PeriódicoEl Periódico
+2 Reposted by 2 other sources

Venezuela is not the Poland of September 1, 1939, on which Hitler triggered the 'blitzkrieg', the lightning war, but it is no less true that Trump ordered a luftkrieg, the lightning-fighting flight of 150 helicopters over Caracas and other cities, in the early morning of January 3, 2025, after besieging the coasts with two aircraft carriers, almost 15,000 soldiers and marines, and ordering summary murders of 140 citizens who had been crewed, sin…

·Barcelona, Spain
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The US kidnaps the president of the country with the world's largest oil reserves. What the turmoil in Venezuela means for fuel prices.

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Los Ángeles Press broke the news in on Wednesday, January 7, 2026.
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