US EditionTrump says Venezuela to give up to 50 million barrels of oil to U.S.
The US will selectively lift sanctions to enable the shipment of 30 to 50 million barrels of Venezuelan oil, with proceeds controlled to aid both nations, Energy Secretary Chris Wright said.
- President Donald Trump said Venezuela's interim authorities will sell 30 million to 50 million barrels of oil to the United States at market prices.
- The announcement follows the capture of Venezuela President Nicolás Maduro and his wife, who face charges of narco-terrorism.
- Trump said his administration will "run" Venezuela and pressure its leaders to open oil reserves to American energy companies.
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Trump’s Says the U.S. Is Devising a ‘Formula’ for Venezuelan Oil Revenue
Evan Vucci/APPresident Donald Trump said his administration is “devising a formula” to divide Venezuela’s oil revenues between the United States, oil companies and the Venezuelan people — an early, vague indication of the administration’s plan to take over the nation’s resources.The White House has yet to lay out precisely how it intends to manage Venezuela’s oil revenues, beyond repeated claims that the U.S. will control the funds in U.S.-contr…
Videos: Venezuela to turn massive oil stockpile over to US, Trump says
President Donald Trump announced on Tuesday that the “interim authorities” in Venezuela will be turning over between 30 and 50 million barrels of oil to the United States to be sold at “market price.” In a Tuesday evening statement on Truth Social, Trump wrote, “I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America…
Le Huffington Post
Laminute.infoVenezuelan crude oil is thick and too viscous to circulate in an oil pipeline without dilution. In addition to being filled with corrosive chemicals that can destroy refineries.
Could Venezuelan oil bring down US gas prices? Experts weigh in
A gas pump is seen in a vehicle on November 26, 2025 in Austin, Texas. (Brandon Bell/Getty Images) (NEW YORK) — President Donald Trump has repeatedly touted the opportunity for U.S. companies to extract and sell oil from Venezuela, which holds the largest oil reserves in the world. “We’re going to be taking out a tremendous amount of wealth out of the ground,” Trump said on Saturday, just hours after a U.S. military attack removed Venezuela Pres…
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