The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington’s strategy to bring the impoverished nation’s crude to market and control its most valuable resource.
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington’s strategy to bring the impoverished nation’s crude to market and control its most valuable resource.
An oil refinery in the Maracaibo lake in Maracaibo, Venezuela.
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington’s strategy to bring the impoverished nation’s crude to market and control its most valuable resource.
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington’s strategy to bring the impoverished nation’s crude to market and control its most valuable resource.
An oil refinery in the Maracaibo lake in Maracaibo, Venezuela.
President Donald Trump said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries.
President Donald Trump said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries.
US President Donald Trump is set to meet with energy executives at the White House within the next week as he seeks to enlist Western companies in rebuilding Venezuela’s oil industry.
US President Donald Trump is set to meet with energy executives at the White House within the next week as he seeks to enlist Western companies in rebuilding Venezuela’s oil industry.
President Donald Trump with Energy Secretary Chris Wright, left, and Interior Secretary Doug Burgum, right, in the Oval Office at the White House in Washington.
President Donald Trump said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries.
President Donald Trump said Venezuela would relinquish as much as 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price, announcing the cargoes would be sold with proceeds benefiting both countries.
Realizing President Donald Trump’s plan for a US-led revival of Venezuela’s beleaguered oil industry could be a years-long and challenging process costing upwards of $100 billion.
Realizing President Donald Trump’s plan for a US-led revival of Venezuela’s beleaguered oil industry could be a years-long and challenging process costing upwards of $100 billion.
The El Palito refinery in Puerto Cabello, Venezuela. Photographer: Jesus Vargas/Getty Images South America
President Donald Trump said US oil companies will spend billions of dollars to rebuild Venezuela’s crumbling energy infrastructure after a military operation that led to the capture of Nicolas Maduro, the country’s former leader.
President Donald Trump said US oil companies will spend billions of dollars to rebuild Venezuela’s crumbling energy infrastructure after a military operation that led to the capture of Nicolas Maduro, the country’s former leader.
An oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Nov. 17, 2023.
The US Coast Guard’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline and isolate the government of President Nicolás Maduro.
The US Coast Guard’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline and isolate the government of President Nicolás Maduro.
The Bella 1 tanker in March. Photographer: Hakon Rimmereid/MarineTraffic
President Donald Trump said he’s nominating Louisiana Governor Jeff Landry as US special envoy to Greenland, in the latest signal that the president retains designs on increasing American influence over the island he’s suggested he wants to purchase.
President Donald Trump said he’s nominating Louisiana Governor Jeff Landry as US special envoy to Greenland, in the latest signal that the president retains designs on increasing American influence over the island he’s suggested he wants to purchase.
The US Coast Guard’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline and isolate the government of President Nicolás Maduro.
The US Coast Guard’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline and isolate the government of President Nicolás Maduro.
The Bella 1 tanker in March. Photographer: Hakon Rimmereid/MarineTraffic
The US is still in pursuit of a third oil tanker near Venezuela, according to a US official, as President Donald Trump intensifies an oil blockade on Nicolás Maduro’s government.
The US is still in pursuit of a third oil tanker near Venezuela, according to a US official, as President Donald Trump intensifies an oil blockade on Nicolás Maduro’s government.
The Bella 1 tanker in March. Photographer: Hakon Rimmereid/MarineTraffic
A Supreme Court ruling that scraps Donald Trump’s tariffs — and refunds the import fees collected — would create a major “administrative problem,” the president’s top economic adviser said Sunday.
A Supreme Court ruling that scraps Donald Trump’s tariffs — and refunds the import fees collected — would create a major “administrative problem,” the president’s top economic adviser said Sunday.
A Supreme Court ruling that scraps Donald Trump’s tariffs — and refunds the import fees collected — would create a major “administrative problem,” the president’s top economic adviser said Sunday.
A Supreme Court ruling that scraps Donald Trump’s tariffs — and refunds the import fees collected — would create a major “administrative problem,” the president’s top economic adviser said Sunday.
President Donald Trump began a rally Friday night in North Carolina talking about crime and then highlighted his efforts to combat economic uncertainty — while also steering clear of addressing new disclosures involving the convicted sex offender Jeffrey Epstein.
President Donald Trump began a rally Friday night in North Carolina talking about crime and then highlighted his efforts to combat economic uncertainty — while also steering clear of addressing new disclosures involving the convicted sex offender Jeffrey Epstein.
Donald Trump in Rocky Mount, North Carolina on Dec. 19. Photographer: Tasos Katopodis/Getty Images
President Donald Trump looked to reassure Americans concerned about the rising cost of living by announcing plans to award a special holiday payment to military service members and roll out new housing reforms in the new year.
President Donald Trump looked to reassure Americans concerned about the rising cost of living by announcing plans to award a special holiday payment to military service members and roll out new housing reforms in the new year.
Donald Trump during a prime-time address to the nation in the Diplomatic Reception Room of the White House in Washington on Dec. 17. Photographer: Doug Mills/The New York Times
President Donald Trump paid tribute to two US soldiers and an interpreter killed in an ambush in Syria as their remains were returned Wednesday to Delaware’s Dover Air Force Base.
President Donald Trump paid tribute to two US soldiers and an interpreter killed in an ambush in Syria as their remains were returned Wednesday to Delaware’s Dover Air Force Base.
President Donald Trump salutes as a US Army carry team moves a flagged-draped transfer case containing the remains of Iowa National Guardsman Sgt. William Nathaniel Howard at Dover Air Force Base in Dover, Delaware on Dec. 17.
The Trump administration threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent companies, including Accenture Plc, Siemens AG and Spotify Technology SA, as possible targets for new restrictions or fees.
The Trump administration threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent companies, including Accenture Plc, Siemens AG and Spotify Technology SA, as possible targets for new restrictions or fees.
DHL delivery wagons in the loading bay at a Deutsche Post AG sorting office in Berlin.
The Trump administration threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent companies, including Accenture Plc, Siemens AG and Spotify Technology SA, as possible targets for new restrictions or fees.
The Trump administration threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent companies, including Accenture Plc, Siemens AG and Spotify Technology SA, as possible targets for new restrictions or fees.
DHL delivery wagons in the loading bay at a Deutsche Post AG sorting office in Berlin.
President Donald Trump signaled Sunday the US will do “big damage” to the militants behind a deadly attack on American forces in Syria that he blamed on the Islamic State.
President Donald Trump signaled Sunday the US will do “big damage” to the militants behind a deadly attack on American forces in Syria that he blamed on the Islamic State.
US President Donald Trump speaks to members of the media on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Saturday, Dec. 13, 2025. Trump responded to questions following the Brown University shooting, stating "What a terrible thing it is. All we can do right now is pray for the victims. It's a shame."
President Donald Trump said that Kevin Hassett and Kevin Warsh are his top choices to lead the US Federal Reserve and that he expects the next chair of the central bank to consult with him on interest rates.
President Donald Trump said that Kevin Hassett and Kevin Warsh are his top choices to lead the US Federal Reserve and that he expects the next chair of the central bank to consult with him on interest rates.
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