In the first four months of the United States exerting control over Venezuela’s oil exports, almost one hundred million barrels of oil worth an estimated $8 billion have flowed through a process marked by no transparency and minimal oversight. While the Trump administration has repeatedly framed this control as benefiting both countries, it has not publicly disclosed how much Venezuelan oil it has sold, how much revenue it has collected, or how it has used those funds since seizing control of the country’s oil exports following the January 3 military intervention that deposed Venezuelan leader Nicolás Maduro.
Almost $8B in Venezuela Oil Exports
Total estimated cumulative value of Venezuela’s oil exports, 2026
Based on tanker-tracking data from Bloomberg and reports on discounts applied to Venezuelan crude, the estimated value of U.S.-controlled oil exports has increased from $600 million in January (about 380,000 barrels per day) to about $3.7 billion in April alone (about 1.1 million barrels per day). The largest recipients of Venezuelan oil since January 3 have been the United States (43 percent), India (26 percent), and Spain (8 percent). Most Oil Exports Have Gone to U.S., India, and Spain
