The South American country has natural gas that could be extracted and exported quickly, but U.S. sanctions, which are now being eased, have stymied development.

The U.S. is cooperating with a regime in Venezuela it does not recognize, and it's unclear what role the opposition will play in the future.

It's been over a month since the US ousted Nicolás Maduro, but there is little clarity about what is going on with the Venezuelan oil sector and huge challenge remain

Energy Secretary Chris Wright said this week that he expects upcoming sales of Venezuelan oil to bring in $5 billion. “Sales today are over a billion dollars and in fact, we have sort of short-term agreements over the next few months that will bring in another $5 billion,

US Energy Secretary Chris Wright toured oil producing facilities in Venezuela with its acting president Delcy Rodríguez as the Trump administration moves to control sales of the country’s oil.

Oil analysts who worked in Iraq say Iraqi oil sales had more protections after the U.S. invasion than Venezuelan oil sales today.

TotalEnergies completely exited its oil and gas operations in Venezuela in 2022, following a strategic shift away from heavy and high-sulfur crude.

President Donald Trump has publicly disavowed any formal role for Florida energy magnate Harry Sargeant III in U.S. policy toward Venezuela, drawing a sharp line between official diplomacy and the