January 8, 2026

US oil majors seek guarantees before investing in Venezuela as Trump pushes output revival

Business

Trump administration pressures U.S. oil giants to invest in Venezuela, but executives demand ironclad guarantees before committing billions. Will Washington provide the security needed to revive the oil industry in a country plagued by instability and expropriation risks? The future of Venezuelan oil production hangs in the balance as political complexities and financial uncertainties loom large.

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