Six of 11 tankers are on their way to Venezuela as the US disclosed its plans to take control of the country's oil reserves. (AFP/Representational Image)
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News1808-01-2026, 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.

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