US seizes a 7th Venezuela-linked oil tanker
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Trump Considers Role in Venezuela
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Venezuela's interim president Delcy Rodriguez said on Tuesday that the country has received $300 million from oil sales, the first proceeds from U.S. President Donald Trump's announced 50-million-barrel oil supply deal with Caracas,
Mass., and Democratic senators investigate major U.S. banks' role in Trump administration's Venezuelan oil sales after announced plans to sell 50 million barrels.
During remarks at the World Economic Forum, President Donald Trump said the U.S. was "helping" Venezuela amid the sale of 50 million barrels of oil, adding that the country will do "fantastically well.
U.S. Energy Secretary Chris Wright told oil company executives on Wednesday that Venezuela's output can rise 30% from its current level of 900,000 barrels per day in the short- to medium-term, three executives who attended the meeting said.
Economic instability in Venezuela after the U.S. raid to capture its president is deepening inflation and rattling the currency, sending grocery bills soaring for millions of people.
CIA Director John Ratcliffe met with Venezuela’s acting president Delcy Rodríguez in Caracas on Thursday, according to a US official.
Halliburton is seeking resumes for a range of positions in Venezuela, including engineers and technicians, according to a job board posting from the oilfield service company dated January 16, signalling a potential move back to the South American country.
One problem for Trump is that the U.S. doesn’t have a national oil company. Exxon, Chevron and the like are private corporations that will start projects only when they see a good business opportunity. When they look at Venezuela, they don’t like what they see.
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