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U.S. Sale Of Venezuela’s Oil Hits $13 Billion Since Trump’s Takeover

News | 2026/07/29 00:02

U.S. Sale Of Venezuela’s Oil Hits $13 Billion Since Trump’s Takeover

Venezuela's oil industry is rebounding

President Donald Trump revealed that sales of Venezuela’s oil, which began after the ousting of former President Nicolás Maduro, have generated over $13 billion:

Venezuela's oil industry is rebounding, with production climbing from about 820,000 bpd in January to 1.23 million bpd in June:

Trump stated that this revenue has effectively “paid for that war many times over.” However, critics point out that only $386 million in official disaster aid has been transferred despite devastating earthquakes hitting the country:

The Venezuelan oil industry continues to expand, and the ways it sells oil into international markets have fundamentally changed:

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