Venezuela

What Trump’s Venezuela oil grab means for China

2026-09-05T04:08:24.000Z
NABEP was granted 100-year rights to 17 oilfields holding an estimated 65 billion barrels of reserves as part of the recent deal between Washington and Caracas.

US structured Venezuela oil position to protect it from dilution, official says

2026-09-05T00:35:31.000Z
Venezuela’s reserves have sat largely undeveloped for two decades under a state oil company hollowed out by mismanagement, sanctions and capital flight.

The Venezuela oil deal: Historic win or deferred reckoning?

2026-09-03T07:00:00.000Z
The arrangement gives US companies a foothold in some of Venezuela’s strategically important oil assets while displacing Chinese and Russian interests.

US oil firm to take over some Venezuelan oilfields previously run by Chinese, Russian companies, officials say

2026-09-01T00:35:35.000Z
Washington has maintained a strict oversight of Venezuela’s oil since US forces captured then-President Nicolas Maduro in January.

Trump on possible Venezuela departure from Opec: ‘It’s up to them’

2026-08-31T23:35:03.000Z
Venezuela's Delcy Rodriguez (left) welcomed the agreement following Trump’s announcement, saying it would bolster economic growth and increase government revenue.

Venezuela says 25-year US oil deal could generate US$209 billion while preserving resource sovereignty

2026-08-30T04:07:45.000Z
US President Donald Trump’s announcement provided few details on the structure of the agreement, the fields or companies involved.

Trump says US is taking partial control of Venezuela’s vast oil reserves

2026-08-29T01:13:03.000Z
Almost half of the costs stem from damage to residential buildings.

World Bank estimates quakes cost Venezuela US$20 billion in damage

2026-07-23T15:20:00.000Z
The increase in offers to Asia comes as the Iran war limits tanker traffic through the vital Strait of Hormuz and a peace deal appears elusive.

Trafigura and Vitol sell more Venezuelan oil to Asia as war roils supply

2026-06-11T23:10:21.000Z
Mike Wirth has expressed confidence in the Trump administration’s Venezuela policy after the US toppled Nicolas Maduro in January.

Chevron CEO says Venezuela must do more for oil industry revival

2026-04-26T23:29:11.000Z