Why is Venezuela ‘uninvestable’ for Big Oil?

In January 2026, the U.S. government is brokering the sale of approximately 50 million barrels of Venezuelan oil that had been stranded due to a partial blockade imposed by the Trump administration. The Department of Energy is orchestrating the sales, with the first sale already completed. This action follows the capture of Venezuela's president by U.S. Special Forces on January 3rd. The goal is to stabilize Venezuela's economy, which is heavily reliant on oil revenue, and prevent the collapse of its oil industry. A stabilized economy would allow the interim government to open up Venezuela's oil reserves to American investment. The blockade had severely limited Venezuela's oil sales and threatened to shut down its main crude producing area.

US forces seized the Veronica, a Guyana-flagged oil tanker, in the Caribbean Sea, marking the sixth such seizure linked to Venezuelan oil exports. The operation, conducted without incident, enforces President Trump's "quarantine of sanctioned vessels." US Southern Command stated that only lawfully coordinated oil will leave Venezuela. The US military actions follow strikes on Venezuela and the seizure of its president, Nicolás Maduro, with plans to tap into the country's oil reserves. This seizure is part of a broader crackdown on vessels transporting sanctioned oil, as the US works with Venezuela's interim government to control oil sales. The seizures have significantly impacted Venezuela's oil exports, with loadings falling to about half of normal levels in January.

Following the capture of Nicolás Maduro by the US, the Venezuelan regime, led by acting president Delcy Rodríguez, has touted a "mass release" of political prisoners. Congressional president Jorge Rodríguez claims over 400 people have been released, including releases before Maduro's capture. However, NGOs verify significantly fewer releases and estimate around 1,000 political prisoners remain. Despite the releases, repression continues, with reports of citizens being detained and facing restrictions. The US has welcomed the release of detained Americans, calling it a step in the right direction, but the exact number of released US citizens is unconfirmed. NGOs demand the unconditional release of all political prisoners, as many of those freed still face charges and restrictions.

This Al Jazeera report, published January 16, 2026, examines why major oil companies are hesitant to invest in Venezuela despite US interest in reclaiming the country's oil reserves. The report explores the reasons behind Venezuela being labeled "uninvestable" following seizures, sanctions, and economic collapse under President Nicolas Maduro. It investigates the power dynamics and instability that contribute to this skepticism from Big Oil. The report questions whether Venezuela can regain the trust of major oil companies and what the future holds for its vast oil reserves. It features journalist Anneke Ball and was produced by Marcos Bartolomé and Melanie Marich.

US shale-oil producers are facing increased pressure due to a global oil supply glut, with prices already down from highs in early 2022. The potential return of Venezuelan oil production, following the capture of President Maduro, adds to these concerns. Donald Trump aims to quickly ramp up Venezuelan output, creating a new competitor for US frackers. This development coincides with increased production from OPEC and non-OPEC countries, further depressing prices. While Venezuelan oil requires more processing than US oil, the increased supply could threaten the US fracking industry, particularly in key states like Pennsylvania, and impact Republican support. The timing and extent of Venezuela's impact remain uncertain, but the market anticipates continued supply increases, keeping prices low.

James Luckey-Lange, a 28-year-old New Yorker and son of the late "Goodbye Horses" singer Q Lazzarus, was among several Americans released from Venezuelan prisons this week. Luckey-Lange had been traveling in South America when he was detained in Venezuela in early December, with his family unsure of his whereabouts. His release, confirmed by his aunt, marks a significant step in the liberalization of Venezuela's interim government following the U.S. military's seizure of President Nicolás Maduro. The State Department welcomed the release as a positive step by the interim authorities. Under Maduro, the detention of Americans was a point of contention, with many held on vague charges and sometimes used as bargaining chips.

Following the abduction of Nicolas Maduro by the United States on January 3, 2026, Venezuela has released at least 116 prisoners arrested during his presidency for allegedly disrupting constitutional order. The Ministry of Penitentiary Services announced the releases, which began on Thursday, January 9, 2026, after pressure from US President Donald Trump. Among those released were two Italian citizens, prompting Italy to pledge improved relations with Venezuela. Human rights groups, who estimate that hundreds of political prisoners remain in Venezuela, have long called for these releases. While the government claims over 100 releases, Foro Penal, a human rights organization, reports a lower number of 41. Maduro is currently imprisoned in New York, facing drug-trafficking charges.

On January 5, 2026, Venezuela's representative addressed the UN Security Council, asserting that the nation's sovereignty was at stake. The address came as Nicolas Maduro pleaded not guilty in a US court to drug charges. Venezuela's envoy characterized Maduro's apprehension in the US as an illegal armed attack and a violation of international norms. The Venezuelan government views the US actions as a threat to its sovereignty and a breach of international law. The UN Security Council was the venue for Venezuela to voice its concerns regarding the situation.

Donald Trump plans to meet with Colombian President Gustavo Petro at the White House in the "near future," despite recent tensions. This follows a US raid in Venezuela and Trump's critical remarks about Petro, accusing him of drug trafficking. Petro responded by warning of potential armed conflict if the US took military action against Colombia. Trump's administration previously sanctioned Petro in October for allegedly failing to curb drug trafficking, leading to increased cocaine production. Despite these disagreements, Trump described his conversation with Petro as a "Great Honor" and indicated that arrangements are being made for Petro's visit.

Following deadly US strikes on Venezuela and the capture of its leader Nicolás Maduro and his wife, Cilia Flores, the US faced strong international condemnation at a UN Security Council emergency meeting on Monday. Several countries, including Brazil, China, Russia, and Spain, denounced the US actions as a "crime of aggression." Despite Republican assurances that the US is not at war, Democratic Senate leadership cautioned about the potential for a new conflict. The situation has also led to the diversion of over 28,000 federal law enforcement personnel to ICE enforcement and removal operations. The article highlights the international fallout and domestic concerns surrounding the US involvement in Venezuela.

In January 2026, the United States aims to control and revive Venezuela's oil industry, citing benefits for both countries. The US intends to control Venezuelan oil sales and revenue "indefinitely," following the abduction of President Nicolas Maduro. President Trump seeks billions in US investment to revitalize Venezuela's oil sector, which possesses the world's largest oil reserves. Critics are characterizing the US actions as modern-day colonialism and a resource grab. The situation is described as a high-stakes economic power play with global ramifications. The article also examines Iran's economic crisis.

President Trump claimed Venezuela would send 30 to 50 million barrels of oil to the United States, with profits controlled by the U.S. "to benefit" both countries. The claim follows the capture of President Maduro and amid threats of a naval blockade. It's unclear what Venezuela would receive in return for the oil, valued at $1.8 to $3 billion, or the legal basis for the U.S. to claim it without Caracas's agreement. The timeline and source of the oil are also unspecified. The announcement comes as Venezuelan officials intensify crackdowns on citizens. U.S. officials plan to meet with Western oil companies to discuss next steps in Venezuela, with Energy Secretary Wright meeting executives Wednesday and Trump potentially meeting with major oil companies Friday.

The BBC is examining the close relationship between Cuba and Venezuela, particularly in light of recent events. Following a military operation in Venezuela where Nicolás Maduro was seized, Cuba's reliance on Venezuelan oil supplies is now potentially vulnerable. The report explores how a collapse of Venezuela's oil supply could negatively impact Havana. Will Grant, the BBC's Cuba correspondent, is reporting from Cúcuta, on the Colombia-Venezuela border, to provide insights into the situation. The report also includes video produced by Marina Costa and Gabriela Boccaccio, and graphics by Jean-li Lee.

In January 2026, Venezuelan President Nicolas Maduro and his wife were abducted and brought to the US to face charges filed in the Southern District of New York. The indictment, initially sealed before December 25th, accuses Maduro of leading a corrupt government fueled by drug trafficking, specifically "narco-terrorism" and conspiracy to import cocaine. These charges, similar to those from a 2020 indictment, carry potential life sentences. US officials allege Maduro collaborated with major drug trafficking groups in Colombia and Mexico, despite data suggesting Venezuela isn't a primary drug producer. While Trump has linked Maduro to the Tren de Aragua gang, US intelligence agencies have found no evidence to support this claim.

Nicolás Maduro, the ousted Venezuelan leader, appeared in a Manhattan federal court on Monday, January 5, 2026, and pleaded not guilty to federal charges including narco-terrorism and cocaine importation. Maduro, who was captured in Caracas on Saturday by Army Delta Force commandos and transported to the U.S., claimed he was "kidnapped" and declared himself a "prisoner of war." Despite his protests, Judge Alvin K. Hellerstein only confirmed his identity. Maduro's lawyer indicated they may challenge the legality of the arrest and the U.S. government's refusal to recognize him as Venezuela's legitimate president. Maduro and his wife, Cilia Flores, were indicted, leaving Venezuela's future uncertain. Secretary of State Marco Rubio stated Maduro was a fugitive from American justice.

After being apprehended in Venezuela, Nicolas Maduro was brought to New York City to face criminal charges of "narco-terrorism" in a US court. Attorney General Pam Bondi stated that the US actions were legally justified, accusing Maduro of enabling the transport of cocaine to the US. Maduro, who has long denied these allegations, pleaded not guilty. International law experts are questioning the legality of the Trump administration's actions, suggesting potential violations of international statutes governing the use of force. Despite the international concerns, the US maintains its actions were in accordance with US law, and the case proceeds domestically, though the method of Maduro's apprehension raises complex legal questions.

Following U.S. airstrikes and the removal of President Nicolás Maduro on Saturday, January 3, 2026, Venezuelans in Caracas and other cities rushed to stock up on food and supplies. Long lines formed at supermarkets, with residents purchasing water, toilet paper, and other necessities amid uncertainty about the future. Some stores closed, and areas near a military base that was attacked experienced power outages. Reports from La Guaira indicated damage to buildings, with restricted access imposed by government supporters. Panic buying was also observed in Valencia, as residents prepared for potential shortages and instability.

On January 3, 2026, Venezuelan President Nicolas Maduro's government declared a national emergency following a series of attacks across the country. Venezuela accused the United States of military aggression, alleging attacks on civilian and military installations in multiple states. In response, then US President Donald Trump claimed the United States had "captured" Maduro and his wife and removed them from Venezuela. The alleged capture followed what Trump described as "large-scale" strikes. The events took place amidst rising tensions between the two nations.

Explosions were reported in Caracas, Venezuela, on Saturday, January 3, 2026, with the cause of the blasts currently unknown. The incident follows months of increasing pressure from the United States on Venezuelan President Nicolás Maduro, whom the U.S. government accuses of leading a "narco-terrorist" state and controlling drug trafficking groups. The U.S. military has increased its presence in the Caribbean since late August, engaging in operations against vessels allegedly involved in drug smuggling. These actions have resulted in numerous deaths and have been criticized as potential extrajudicial killings. The situation is ongoing, and further updates are expected.

In January 2026, Delcy Rodríguez was sworn in as Venezuela's interim president, according to the U.S. Following this, President Trump stated that Rodríguez would cooperate with the U.S. in governing Venezuela. However, Rodríguez quickly refuted this in a televised address, condemning the U.S. as an illegal invader and affirming Venezuela's determination to remain free. She emphasized that the U.S. seeks regime change to seize Venezuela's resources. Rodríguez delivered her address alongside Venezuela’s National Defense Council, signaling a unified front against U.S. intervention. She and other Venezuelan leaders continue to recognize Nicolás Maduro as the legitimate president, defying Trump's demands.

In January 2026, the US announced the capture of Venezuelan President Nicolas Maduro and his wife. An Al Jazeera report by Teresa Bo examines Maduro's political career and the evolution of his relationship with the United States. The report aims to provide context on Maduro's rise to power and how his interactions with the US have shaped his rule in Venezuela. The analysis focuses on understanding the key events and political decisions that defined Maduro's presidency. The report seeks to inform viewers about the background of a leader now in US custody.

In a phone interview with The New York Times on January 3, 2026, President Trump confirmed and celebrated the U.S. capture of Venezuelan leader Nicolás Maduro. Trump described the operation as "brilliant," citing "good planning" and "great troops." The interview occurred shortly after Trump announced the capture on social media. When asked if he had consulted Congress before the military action, Trump stated that they would discuss it later at a planned news conference. He declined to elaborate on the future of Venezuela or the justification for the mission, promising further details at the 11 a.m. press conference at Mar-a-Lago. The brief phone call lasted less than a minute.

In a social media post on Saturday, U.S. Vice President JD Vance defended the U.S. capture of Venezuelan President Nicolás Maduro as legal. Vance stated that Maduro has multiple indictments in the United States for narcoterrorism, justifying the action as bringing him to justice. Vance added that President Maduro was offered multiple opportunities to cease drug trafficking and return "stolen oil" to the United States, referring to the nationalization of American oil fields in Venezuela. The capture is the latest escalation in a series of U.S. actions against Venezuela, including bombing suspected drug boats and blockading oil tankers. Maduro, Venezuela's leader since 2013, has denied the U.S. accusations.