Venezuela Oil Heads to US Amid Storage Crisis; US Claims Indefinite Control

World
N
News18•08-01-2026, 23:18
Venezuela Oil Heads to US Amid Storage Crisis; US Claims Indefinite Control
- •Three Chevron-chartered ships are transporting Venezuelan oil to the US, with more tankers en route, easing storage concerns.
- •The move comes as Venezuela faces critical onshore oil storage capacity issues, with tanks exceeding 22 million barrels.
- •US President Donald Trump stated the US would take indefinite control of Venezuelan oil, selling it at market price for the benefit of both nations.
- •Venezuela's interim President Delcy Rodriguez condemned the US claim, insisting any oil partnerships must benefit her country's people.
- •Petroleos de Venezuela (PDVSA) confirmed negotiations for commercial oil sales to the US under transparent terms.
Why It Matters: Venezuelan oil shipments to the US resume amidst storage crisis, sparking a dispute over US's claim of indefinite control.
✦
More like this
Loading more articles...





