Trump commented on the thriving US-Venezuela relationship, noting OPEC production increases and US Treasury monitoring of oil shipments.
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What happened
Trump commented on the thriving US-Venezuela relationship, noting OPEC production increases and US Treasury monitoring of oil shipments.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.US Treasury and Pentagon establish financial and operational stakes in Venezuelan oil fields.1 source
Trump discusses thriving US-Venezuela relationship amid OPEC production increases and US Treasury oversight of oil exports.1 source
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Part of
SLB is partnering with PDVSA for oil sector modernization in Venezuela, while Trump encourages major investments in the country's energy sector.Also in this story
- Multiple energy companies, including SLB, Halliburton, and Eni, are expanding operations and seeking talent in Venezuela, supported by Trump's energy revival plan.
- Ali Moshiri seeks to invest in Venezuela's oil sector, but PDVSA is slowing down his plans amid Trump's push for energy revival.
- Chevron committed capital to triple Venezuelan oil output after its CEO flew to Caracas to finalize the deal.
- Halliburton is repositioning operations and posting technical sales roles for upstream revival in Venezuela.
The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Nicolás Maduro
President of Venezuela 2013 to 2026
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Organization of the Petroleum Exporting Countries
international organization of petroleum-exporting countries
- Global oil market dynamics are being shaped by divergent views on demand forecasts, US policy shifts under the Trump administration, slower EV uptake in Europe, and major export cuts from Gulf producers due to the Iran war.
- Azerbaijan confirmed its participation in OPEC+ while Alexander Novak announced capacity assessments for the group.