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Delcy Rodríguez presented a reformed industry — one that has opened up to private capital, international arbitration and scrutiny in less than three months.

November’s midterms will hinge in part on Americans’ attitudes toward the cost of living, and polls show the president is getting poor economic marks.

Imports of Venezuelan heavy crude doubled in the week leading up to March 13, reaching the highest since late 2024, according to U.S. government data.

The moves include issuing more individual licenses allowing foreign companies to work in Venezuela without violating U.S. sanctions.

The two-day visit comes as the administration seeks to defend against China’s hold on critical minerals, some of which are abundant in Venezuela.

Venezuela and the U.S. are scrutinizing dozens of confidential oil contracts signed during the reign of ousted strongman Nicolas Maduro, according to people familiar with the situation.

It's the first complaint filed by the U.S. to start the legal process to formally take control of one of at least 10 oil tankers intercepted by American authorities since late last year.

There’s “enormous” interest among companies seeking to enter the Latin American producer, Energy Secretary Chris Wright said in an interview in Paris.

The move comes immediately on the heels of a trade deal with the U.S. that slashes punitive tariffs for Indian exports but demands that the country stop importing discounted Russian oil.

The U.S. government on Feb. 11 further asserted its self-appointed role in turning around Venezuela’s oil industry with the arrival of Energy Secretary Chris Wright for a firsthand assessment.