Why Trump Underestimates the Challenge of Reviving Venezuela’s Oil

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US President Trump announced plans to acquire up to 50 million barrels of oil from Venezuela, with his administration potentially controlling oil sales indefinitely, citing the country's underutilized oil production capacity.

Market Impact

Market impact analysis based on bullish sentiment with 70% confidence.

Sentiment
Bullish
AI Confidence
70%
Time Horizon
Short Term

Article Context

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Earlier in the week, U.S. President Donald Trump announced that Venezuela’s interim authorities will be turning over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela's oil sales 'indefinitely'. Trump has decried the state of Venezuela’s oil sector, noting that the country is producing well below its full potential. “They were pumping almost nothing by comparison to what they could have been pumping and what could have taken place,” Trump said. “We’re…

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Original article published by OilPrice.com on January 9, 2026.
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