The Trump administration is asserting control over Venezuelan oil, after seizing a pair of sanctioned tankers on Wednesday

Exploiting Latin American country's reserves faces obstacles from decrepit infrastructure to leadership uncertainty.

“I don't think any large U.S. major company is going to want to invest without a series of guarantees,” one historian of Venezuela said.

Trump's announcement came days after U.S. forces attacked Venezuela and captured its leader, Nicolas Maduro, to be prosecuted on drug-trafficking charges.

The president’s announcement comes as Venezuela seeks to avoid deep cuts in output amid an ongoing blockade on exports imposed by the US

US president says oil will be sold at market prices and that he will control resulting revenues.

President Donald Trump said Venezuela will be "turning over" to the U.S. between 30 and 50 million barrels of oil after his administration captured the country's president and…

The US president, in a post Tuesday on Truth Social, said he will 'ensure it is used to benefit the people of Venezuela and the United States.'

The agreement is a strong sign that the Venezuelan government is responding to Trump’s demand that they open up to U.S. oil companies.

Venezuela will be turning over tens of millions of barrels of oil to the United States, President Donald Trump said Tuesday, days after the U.S. military seized the president of…

US president says he will control oil sales, proceeds, as Venezuela's Rodriguez pledges no 'foreign agent' is in charge.

Statement on supposed agreement with Venezuelan government follows Trump’s threats of further military intervention

US seizes Venezuela-linked oil tanker in North Atlantic; Trump says Venezuela to turn over 30-50 million barrels of oil.

Officials say sales were expected to start with 30 million to 50 million barrels of oil and the revenue would be controlled by the US government.

The US seizes two oil tankers, including one flying Russian flags, as it plans to sell 30 to 50 million barrels of oil.

The US seizes two oil tankers, including one flying Russian flags, as it plans to sell 30 to 50 million barrels of oil.

WASHINGTON: US Vice President JD Vance, in remarks due to air later on Wednesday, said Venezuela can only sell its oil if it serves the interests of the United States. Vance…

Trump administration announcement comes as UN experts warn Venezuela's oil reserves 'must not be cynically exploited'.

Vice President JD Vance told Fox News that controlling Venezuela's oil would be key to controlling its government.

Energy Secretary Chris Wright said Wednesday that the U.S. will control Venezuela's oil sales indefinitely.

The Trump administration is asserting control over Venezuelan oil, after seizing a pair of sanctioned tankers on Wednesday