2026

Venezuela: Oil Flow Reshuffling Global trading houses Vitol and Trafigura have quickly positioned themselves as the first major players moving Venezuelan crude under U.S. oversight, outpacing U.S. energy majors who remain wary of legal and credit risks. The U.S. and Caracas are finalizing a $2B deal to sell up to 50 million barrels of crude.

U.S. Energy Stocks Rise on Venezuela Developments U.S. oil stocks climbed after President Trump said the U.S. would take control of Venezuela, raising expectations that American companies could gain access to the world’s largest oil reserves. Chevron, currently the only U.S. major operating in Venezuela, led gains, while refiners and oilfield services companies also rose