Politics

Energy Department Faces Scrutiny Over Venezuelan Oil Deals

Updated 2026-08-03 09:10 UTC 1 source Negative

The U.S. Energy Department has been criticized for its slow pace in finalizing oil deals with Venezuela, despite President Trump's prediction of rapid rebuilding of the country's oil industry.

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Axios

Energy Dept. draws fire for slow pace of Venezuelan oil deals

Nearly eight months after President Trump predicted U.S. companies would "rapidly rebuild Venezuela's dilapidated oil industry" to boost production, no new petroleum deals have been finalized there with American firm

2026-08-03 09:00 UTC