Oil exports from Venezuela paralyzed: what happens after Trump's statement
Venezuela is experiencing a crisis caused by the seizure of Nicolás Maduro by American forces and Donald Trump's statements about control over the country. This has led to a near-total halt in the export of raw materials from the state. Since January 1, 2023, oil exports have effectively stopped, and in December 2022, shipments fell to 500 thousand barrels per day.
Currently, only Chevron is exporting oil from Venezuela, supplying about 100 thousand barrels per day. This situation indicates serious problems in the country's oil and gas industry, which was previously one of the largest oil exporters in the world. Venezuelan Vice President Delcy Rodriguez confirmed Nicolás Maduro's status as the sole legitimate president of the country, which may indicate attempts to support the legitimacy of the government amid growing international isolation.
Donald Trump on the situation in Venezuela
Furthermore, it is important to note that OPEC+ has agreed not to increase production in the first quarter of 2026, which could further complicate the situation for Venezuela, which is already facing economic difficulties. Donald Trump, commenting on the situation, stated:
"Maduro along with his wife was captured and taken out of the country." - Donald Trump
Thus, the crisis in Venezuela continues to deepen, and the consequences of these events may have a significant impact on the regional and global economy.
The situation in Venezuela is the result of prolonged political and economic instability, which has been exacerbated by external pressure and sanctions. The halt in oil exports, which is the primary source of income for the country, could lead to even deeper economic problems, including rising poverty and unemployment. In the context of international isolation and decreased foreign investments, Venezuela faces serious challenges in recovering its economy. These events may also affect the global energy market, given the reduction in supplies from one of the largest oil producers in the world.