US will Take 30 to 50 Million Barrels of Oil from Venezuela, Says Trump
US will Take 30 to 50 Million Barrels of Oil from Venezuela, Says Trump
President Donald Trump announced via Truth Social and X that Venezuela’s interim authorities have agreed to transfer between 30 million and 50 million barrels of crude oil to the United States.
Describing the shipment as “High Quality, Sanctioned Oil,” the President stated that the fuel is already being prepared for immediate transport to American shores.
This significant development follows the high-stakes U.S. military raid over the weekend, codenamed Operation Absolute Resolve, which resulted in the capture of Nicolás Maduro.
Maduro was subsequently transferred to New York to face federal narco-terrorism charges.
According to the President, this vast quantity of oil has been largely sitting in storage or on tankers due to previous U.S.-led blockades on Venezuelan exports.
The oil will be sold at current market prices. Trump emphasized that the resulting revenue will be “controlled by me” to ensure the funds are used for the mutual benefit of both the American and Venezuelan people.
He has already issued direct orders to Energy Secretary Chris Wright to oversee the logistics.
The transfer will involve a fleet of storage ships transporting the crude directly to unloading docks at U.S. Gulf Coast refineries.
The announcement sent immediate ripples through the global energy market. West Texas Intermediate (WTI) crude prices dipped by nearly 2% as traders reacted to the prospect of a massive new supply entering the market.
While the Trump administration frames the move as a victory for American energy independence and a way to “take back” resources, the situation remains politically volatile.
Acting Venezuelan president Delcy Rodríguez remains defiant.
In a recent public address, she asserted that Venezuela’s sovereignty should not be dictated by foreign powers, even as the U.S. moves to redirect oil that was previously destined for China.
Industry analysts suggest that while 50 million barrels is a significant one-off influx, it represents roughly two and a half days of total U.S. supply.
The long-term stability of the region’s energy sector remains the focus of an upcoming meeting.
Trump is scheduled to meet with top executives from ExxonMobil, Chevron, and ConocoPhillips later this week.
They are expected to discuss a broader strategy for rebuilding Venezuela’s infrastructure and integrating its vast reserves more closely with the U.S. economy.
For now, the administration is focused on the immediate logistics of the “30 to 50 million barrel” transfer.
The White House views this as the first step in a total realignment of the South American nation’s economic priorities toward the United States.
