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Trump Wants US Companies to Produce Venezuelan Oil. But Will They?
The Trump administration aims to revive Venezuela's oil output with subsidies, targeting a rebound from 800,000 to over 1 million barrels per day, analysts say.
Summary by The Christian Science Monitor
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UpstractTrump wants US companies to produce Venezuelan oil. But will they?
In its takeover of Venezuela, the Trump administration aims to give U.S. Gulf Coast refineries access to the country’s large reserves of heavy oil.
·Boston, United States
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US oil companies will be slow to answer Trump’s call to tap into Venezuela, experts say
The 'El Palito' refinery in Puerto Cabello, Venezuela, is pictured on Dec. 18, 2025. President Trump wants U.S. oil companies to extract oil from the country vast untapped after taking military action to remove its president, Nicolás Maduro, and prosecute him on drug charges. The phrase "Hope is in the streets" is painted on the wall in front of the refinery. (Photo by Jesus Vargas/Getty Images)President Donald Trump is unlikely to see many U.S.…
Coverage Details
Total News Sources9
Leaning Left7Leaning Right0Center1Last UpdatedBias Distribution88% Left
Bias Distribution
- 88% of the sources lean Left
88% Left
L 88%
12%
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