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News  ›  Benzinga

How Trump Is Turning Venezuelan Crude Into Geopolitical Weapon

Benzinga Logo Benzinga By Piero Cingari
How Trump Is Turning Venezuelan Crude Into Geopolitical Weapon

The Trump administration is positioning Venezuelan oil as a politically controlled asset rather than free-flowing supply. The U.S. has secured an agreement to transfer 30-50 million barrels of Venezuelan crude, with proceeds under White House oversight. Energy strategist Jeff Krimmel argues this will accelerate regionalization of global oil trade, with Venezuelan barrels staying within hemispheres rather than flooding global markets. Oilfield service companies are expected to benefit early from Venezuelan recovery, while major U.S. oil producers may be cautious about increasing capital investments.

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Identified as a U.S.-domiciled oilfield service company likely to benefit considerably from Venezuelan oil sector recovery and increased service demand.