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Trump Claims US "Bringing Venezuela Back" Through Massive Oil Deal

US President Donald Trump announced his administration is working closely with Venezuelan authorities on a major oil supply deal. He stated that Venezuela has begun sending millions of barrels daily to American refineries, a deal he values at over $5 billion. Trump claimed this increased supply would help lower global oil prices, framing the engagement as part of "bringing Venezuela back." His remarks follow recent US military action in Venezuela that resulted in the capture of its former president.

Key Points: Trump Says US Working Closely With Venezuela on Oil

  • US-Venezuela oil deal announced
  • Trump claims 50M barrels daily en route
  • Aims to lower global energy prices
  • Follows US military action in Venezuela
  • Deal valued at over $5 billion
2 min read

"We're bringing Venezuela back": Trump says US "working closely" with Caracas on oil deal

President Trump announces a major oil deal with Venezuela, claiming it will lower global prices and bring the country back from "disaster."

"We are bringing Venezuela back, and we are going to be great for Venezuela, great for our country. - Donald Trump"

Washington DC, January 14

US President Donald Trump on Tuesday said that the country is working "very well" with Venezuelan authorities as Caracas prepares to send millions of barrels of oil to American refineries.

Trump asserted that his administration is working closely with Caracas and claimed that large volumes of Venezuelan oil are already entering the United States as part of the engagement.

Speaking at the Detroit Economic Club, Trump said, "I'm Venezuela's biggest fan. We're working with them. They came down from a very high number to a disaster."

The US President informed that Venezuela has begun supplying oil to the United States. Trump said the arrangement would have a direct impact on global energy markets, asserting that increased supply would help lower prices.

"We are bringing Venezuela back, and we are going to be great for Venezuela, great for our country. We're taking in millions and millions of barrels of oil, and now they are coming in initially on a daily basis, 50 million, and values of over $5 billion. We will get oil prices down even further," he said.

Sharing the success of his military action, Trump added, "It's an incredible feeling. Winning is a good thing."

Trump's remarks came after the United States on January 3, launched military action in Venezuela and captured Venezuela's then-president, Nicolas Maduro.

Earlier on Sunday, Trump also spoke with the interim President of Venezuela, Delcy Rodriguez, saying, "She's been very good. She asked us if we could take 50 million barrels of oil, and I said yes, we can, it is worth $4.2 billion, and it is on its way right now to the United States."

- ANI

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Reader Comments

P
Priya S
The way this is being framed as "bringing Venezuela back" after a military action and regime change is concerning. It feels like old-style imperialism wrapped in economic talk. What about the sovereignty of nations? We in India know the value of that.
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Aman W
Lower global oil prices are always good for India, as we import most of our needs. But the method here is questionable. Capturing a president and then making deals with the new administration... sets a dangerous precedent for international relations.
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Sarah B
Interesting to see the US pivot like this. From sanctions to now being the "biggest fan". The real test will be if this stability lasts and the oil keeps flowing. Energy security is crucial for all growing economies, including India's.
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Vikram M
"Winning is a good thing" he says. The language is so transactional. It reduces a complex nation's crisis to a business deal. Hope our foreign policy maintains a more principled and long-term approach, focusing on development partnerships, not just extraction.
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Karthik V
As an Indian, cheaper oil is always welcome for our import bill and inflation control. But we must also think about our own energy independence. More focus on renewables and domestic exploration is the key, not just relying on volatile global markets.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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