Trump wants U.S. oil companies in Venezuela. Here's what to know

January 04, 2026
The oil tanker "Minerva Astra" lies at anchor in Maracaibo, Venezuela.

President Trump wants more U.S. oil companies to "go in" to Venezuela. But there are economic, historical, and climate reasons that may not be easy. Here's what you need to know about oil in Venezuela.

(Image credit: Matias Delacroix)



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