17:31 - 8.01.2026

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January 8, Fineko/abc.az. The administration of U.S. President Donald Trump is developing a strategy to establish control over the Venezuelan oil industry for years to come in order to reduce global oil prices to $50 per barrel.

ABC.AZ reports that The Wall Street Journal writes about this, citing sources.

The plan provides for partial control over the state-owned PDVSA company, including the purchase and sale of the bulk of its production. If implemented, the U.S. will actually be able to influence most of the Western Hemisphere's oil reserves.

Earlier, Trump said that the interim Venezuelan authorities would transfer 30-50 million barrels of oil to the U.S., which would be sold at market prices. The situation is accompanied by sharp international reaction after the U.S. military actions against the country's leadership and criticism from Russia, China and the DPRK.