🛢️ President Trump has been pushing U.S. oil companies to invest in Venezuela’s oil sector as part of broader efforts following the ousting of Nicolás Maduro and U.S. control over some Venezuelan oil assets. 🇻🇪🇺🇸
🔥 But major oil executives delivered a cold message:
👉 ExxonMobil and others remain cautious or reluctant to re‑enter Venezuela — citing legal uncertainty, political risk, and poor commercial conditions. Reuters says Big Oil has given a “heavy dose of realism” to Trump’s plan.
📉 What Went Wrong:
• Exxon’s CEO has publicly described Venezuela as “uninvestable” without major reforms to the legal and commercial framework — not simply a matter of sanctions.
• Other oil majors have not committed large investments yet, dampening the administration’s ambitious $100 B+ pitch.
⚖️ New Development:
• Chevron is expected to receive an expanded Venezuela oil license from the U.S. government, giving it greater operational scope — but it remains the only major currently active under special authorization.
📊 Market & Geopolitical Risks:
• Venezuelan oil exports to China are dropping sharply due to U.S.-led blockades and seizures, shifting flows into U.S. refineries and disrupting established trade patterns.
💡 Counterpoint:
Many analysts argue the real bottleneck isn’t Caracas — it’s legal and political risk, not just sanctions. Until durable investment protections and new governance frameworks are in place, U.S. firms will continue to hesitate.
📈 Crypto Market Reaction:
• $TRUMP (sentiment token)
• $BTC & risk assets may respond to heightened geopolitical tension ⚡
#breakingnews #OilMarkets #venezuela #Geopolitics #BinanceSquare