Venezuela’s Oil Exports Surge 60% as U.S. Takes Control of Industry After Maduro Capture

2026-02-03 - 14:15

Key Points Venezuela’s oil exports jumped from 498,000 to 800,000 barrels per day in January following the U.S. military capture of President Nicolás Maduro and the lifting of a blockade that had trapped 40 million barrels in storage The United States has displaced China as Venezuela’s top oil customer, with Chevron more than doubling shipments