Why some U.S. oil companies aren't interested in returning to Venezuela

NPRTuesday, December 23, 2025 at 9:55:34 PM
Why some U.S. oil companies aren't interested in returning to Venezuela
  • The Trump administration has expressed a desire for U.S. oil companies to return to Venezuela, a country rich in oil reserves. However, many companies are hesitant to reinvest due to the ongoing political instability and economic challenges that have plagued the nation, leading to a significant decline in oil production.
  • This reluctance from U.S. oil companies highlights the complexities of re-entering a market that, despite its potential, poses substantial risks. The political climate and economic conditions in Venezuela remain significant deterrents for investment.
  • The situation reflects broader geopolitical tensions, as the U.S. has intensified its pressure on the Venezuelan government through sanctions and military actions, including the seizure of oil tankers. This dynamic raises questions about the future of U.S.-Venezuela relations and the potential for foreign investment in a country struggling with severe economic turmoil.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Venezuela passes law enacting harsh penalties for supporters of US blockade
NegativeWorld Affairs
Venezuela has enacted a law imposing severe penalties on individuals supporting the U.S. blockade, a move that reflects the government's strong opposition to what it describes as illegal acts of piracy by the U.S. This legislation comes amid escalating tensions following the recent seizure of Venezuelan oil tankers by U.S. forces.
Trump administration to resume wage garnishment for student loan defaulters
NeutralWorld Affairs
The Trump administration has announced that wage garnishment for student loan defaulters will resume, with borrowers set to receive notices starting January 7, as confirmed by the Department of Education. This decision marks a significant shift in the administration's approach to managing student loan defaults.
Bitcoin’s buzz is gone. Investors chose real gold in 2025 | Nils Pratley
NegativeWorld Affairs
In 2025, gold prices surged by 70%, reaching record highs, while Bitcoin experienced a decline of 6% following a rapid sell-off in October. This stark contrast highlights the diminishing appeal of Bitcoin as a store of value amid rising geopolitical tensions and economic uncertainties.
Pirate motorcyclists cruise Caracas to protest Trump
NegativeWorld Affairs
In Caracas, motorcyclists dressed as pirates protested against U.S. President Donald Trump's recent actions targeting Venezuelan oil tankers, reflecting widespread discontent over the U.S. blockade and seizures of vessels linked to the Maduro government.
He risked his life for American soldiers in Afghanistan. Would America let him in?
NeutralWorld Affairs
An American veteran has dedicated years to assist an Afghan interpreter in securing a visa to enter the United States, following a strong bond formed during their time together in Afghanistan. However, recent visa restrictions imposed by the Trump administration have cast doubt on their potential reunion, leaving the interpreter's future uncertain.
‘Gunboat diplomacy on steroids’: US signs security deals across Latin America
NegativeWorld Affairs
The Trump administration has intensified its military presence in Latin America by signing security agreements with countries such as Paraguay and Ecuador, amid escalating tensions with Venezuela, where Nicolás Maduro has warned of potential regional destabilization. This follows a four-month-long military campaign against Venezuela, including recent airstrikes and the seizure of an oil tanker off its coast.

Ready to build your own newsroom?

Subscribe to unlock a personalised feed, podcasts, newsletters, and notifications tailored to the topics you actually care about