LIVE: Trump says Venezuela to hand over up to 50m barrels of oil to US
In January 2026, US President Trump announced an agreement where Venezuela will transfer 30-50 million barrels of oil to the United States. This announcement came days after the abduction of Venezuelan President Nicolas Maduro.

Briefing Summary
AI-generatedIn January 2026, US President Trump announced an agreement where Venezuela will transfer 30-50 million barrels of oil to the United States. This announcement came days after the abduction of Venezuelan President Nicolas Maduro. According to Trump, the US will control the sale of this oil. He stated that the proceeds from the oil sales will benefit both the people of Venezuela and the United States. A Venezuelan representative, Rodriguez, asserted that no foreign agent is in control of Venezuela.
Article analysis
Model · rule-basedKey claims
5 extractedUS to sell the oil
Venezuela’s Rodriguez pledges no ‘foreign agent’ is in charge.
US president says he will control oil sales, proceeds
Trump says Venezuela to hand over up to 50m barrels of oil to US
Venezuela will turn over 30-50 million barrels of oil