US Eyes Venezuelan Oil After Maduro Ouster; Big Oil Unbriefed on Investment Plans

World
M
Moneycontrol•07-01-2026, 01:25
US Eyes Venezuelan Oil After Maduro Ouster; Big Oil Unbriefed on Investment Plans
- •US and Venezuelan officials are discussing crude exports to the US following Nicolás Maduro's ouster.
- •US Gulf Coast refineries are suited for Venezuela's heavy crude, which was regularly imported before sanctions.
- •President Trump envisions US investment to rebuild Venezuela's oil sector, with potential taxpayer reimbursement.
- •Major US oil companies (Exxon Mobil, Chevron, ConocoPhillips) deny being briefed by the White House on Venezuelan operations.
- •Antitrust concerns complicate collective discussions between oil companies and the White House regarding Venezuela.
Why It Matters: US explores Venezuelan oil imports post-Maduro, but major oil firms are not yet on board with investment plans.
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