Can US oil giants strike gold in Venezuela? Trump's big bet on stability and vast reserves

Oil,Venezuela,Trump Administration

Posted on AllSides January 5, 2026

The National Desk

From the Right

The National Desk

AllSides Media Bias Rating: Right

See full bias rating for The National Desk Learn about media bias

The Trump administration is hoping to revive Venezuela's oil industry and persuade American companies to reenter the country after the arrest of Venezuelan President Nicolás Maduro, a challenging proposition after years of mismanagement and an uncertain outlook on its political future.

Read Full Story

Related Coverage

AllSides Picks

Tracking Trump’s Campaign Promises

News

Tracking Trump’s Campaign Promises

AllSides Staff

June 4th, 2026

THE INSIGHT: When Will Energy Costs Come Down?

The Insight

THE INSIGHT: When Will Energy Costs Come Down?

AllSides Staff

May 15th, 2026

Card image

Red Blue Translator

Fracking

Shannon Stapleton via Reuters

Headline Roundup

Judge Blocks Trump Immigration and Asylum Policies, Orders Processing to Resume

June 6th, 2026

More News about Energy

News from the Left

News from the Center

News from the Right

Brent oil pares gains after climbing to $126 per barrel on U.S.-Iran escalation fears

CNBC

The UAE's OPEC exit is not about oil; it is the end of Gulf solidarity

Al Jazeera

Gas prices hit $4.23 per gallon, a new high for the year

NBC News Digital

Two months in, the U.S.-Iran war has no end in sight

MS NOW

The Iran war has the world buying more clean energy. China stands to benefit the most

CNN Digital

Trump extends Jones Act waiver for another 90 days

CBS News (Online)

Druzhba oil flows resume, clearing path for €90B Ukraine loan

Politico

Trump Calls His Own Energy Secretary a Liar on Gas Prices: 'He's Wrong'

Jezebel

The world's most important 21 miles

Associated Press

Bombs and Porn Are Bad Reasons to Build More Data Centers

New Republic

Separating fact from fiction on the massive Utah data center project

Deseret News

Kazakhstan Says It Will End Russian Electricity Imports by 2027

The Moscow Times

UAE break from Opec signals new era of energy independence

UnHerd

EU approves €90 billion loan for Ukraine after Hungary lifts controversial veto

Euronews

Exclusive: Russia to halt Kazakhstan's oil flows to Germany via Druzhba, sources say

Reuters

Trump says Energy secretary 'totally wrong' on gas prices not dropping to $3 until next year

The Hill

Maine lawmakers approve first-in-nation temporary ban on data centers

Portland Press Herald

$133 vs. $99. What Is the Real Price for a Barrel of Oil?

Wall Street Journal (News)

Fact check: Does Hungary have alternatives to the Druzhba pipeline?

Euronews

Trump's 'God Squad' exempts Gulf oil drilling from Endangered Species Act requirements

NewsNation

Power of Siberia deal: What is the key energy link between Russia and China?

RT

Arizona governor backs proposed natural gas pipeline

The Center Square

Oil production won't return to normal until after midterm elections — no matter when Iran war ends, new analysis says

New York Post (News)

Fact Sheet: President Donald J. Trump Strengthens U.S.-Japan Alliance for the Benefit of All Americans

Whitehouse.gov

Why the U.A.E. Broke Up With OPEC

Wall Street Journal (Opinion)

US Has No Plan to Renew Iranian, Russian Oil Waivers, Bessent Says

The Epoch Times

Ukraine resumes oil flow via Druzhba pipeline – Hungary

RT

The Epoch Times

Trump: Energy Secretary Wright 'totally wrong' on delayed return to $3 gas

Fox Business

Maine's Moratorium Hinders Manufacturing

Wall Street Journal (Opinion)