Venezuela News Updates

ExxonMobil held talks with Venezuela about re-entering the country as the Texas oil giant explores whether to follow U.S. rivals back to the South American nation.

North American Blue Energy Partners is aiming to increase production to 500,000 barrels a day by the end of 2028 from about 200,000 currently. 

Chevron is finalizing a deal that will significantly expand its operations in Venezuela by adding two giant oil fields in the Orinoco Belt.

The U.S. is creating a private company as a joint venture with NABEP — a detail the White House had withheld for days. 

Trump says the deal would lower gas prices and replenish crude reserves, but neither outcome is certain.

Chevron is negotiating to add two new oil fields to its operations in Venezuela, according to people familiar with the matter, Bloomberg reports.

Taking a stake in Venezuela’s oil reserves would mark an almost unprecedented intervention by the U.S. in another country’s economy.

Delcy Rodríguez presented a reformed industry — one that has opened up to private capital, international arbitration and scrutiny in less than three months.

November’s midterms will hinge in part on Americans’ attitudes toward the cost of living, and polls show the president is getting poor economic marks.

Imports of Venezuelan heavy crude doubled in the week leading up to March 13, reaching the highest since late 2024, according to U.S. government data.