US President Donald Trump has confirmed that 50 million barrels of Venezuelan crude oil is on its way to Houston, Texas.
According to Western media, he added: “You’ve heard about Venezuela. We’re helping them a lot with their oil fields. We’re extracting 50 million barrels of oil and they’re sailing to Houston right now in a very huge ship.”
Notably, the U.S. Energy Information Administration predicted that expanded U.S. permits for Venezuela-related transactions would restore the South American oil production to levels before the naval blockade imposed on the country by the U.S. government in December of last year by mid-2026.
Venezuela’s state oil company PDVSA was forced to drastically cut production after Washington imposed a strict naval blockade to put pressure on Venezuelan President Nicolás Maduro, who was captured by the US military in early January.
The blockade has prevented Venezuela from exporting oil, causing millions of barrels of crude to accumulate in tanks and ships off the coast. Before the blockade, Venezuela was producing 1.1 million to 1.2 million barrels of oil per day.
US President Donald Trump has confirmed that 50 million barrels of Venezuelan crude oil is on its way to Houston, Texas.
According to Western media, he added: “You’ve heard about Venezuela. We support them a lot in the oil sector, we’ve extracted 50 million barrels of oil, and we’re currently sailing to Houston in a very large ship.”
Notably, the U.S. Energy Information Administration predicts that expanded U.S. approvals for Venezuela-related transactions will restore the South American country’s oil production to levels before the naval blockade imposed by Washington last December by mid-2026.
Venezuela’s state oil company PDVSA was forced to drastically cut production after Washington imposed a strict naval blockade to put pressure on Venezuelan President Nicolás Maduro, who was captured by the US military in early January.
The blockade has prevented Venezuela from exporting oil, causing millions of barrels of crude to accumulate in tanks and ships off the coast. Before the blockade, Venezuela was producing 1.1 million to 1.2 million barrels of oil per day.
