While any investment by US companies in rejuvenating Venezuelan oil production could take time, Gulf Coast refiners are well positioned to hoover up crude shipments as soon as sanctions are eased and more import permits are granted, something analysts say could happen quickly.

US President Donald Trump says now that Nicolas Maduro is gone, more US oil companies will enter Venezuela and spend billions revitalizing its oil industry. Several key questions have to be answered.

The world is still processing the nighttime raid on Venezuela by  U.S. forces on Saturday, capturing President Nicolás Maduro and his wife, and flying them to New York to face narcoterrorism and drug conspiracy charges.

Texas-based oil companies have largely been silent on Trump’s assertion that they would help to rebuild Venezuela’s oil infrastructure.

“This expansion reflects our confidence in Nigeria's future, our belief in Africa's potential, and our commitment to building energy independence for our continent and the world,” Aliko Dangote said at an October briefing.

PBF Energy is planning turnaround work at nearly all of its refineries this year and expects plant outages in the first, second and fourth quarters. The company's 2026 guidance released on Friday calls for 40-45 days of work in the first quarter at its 166,

Ukrainian forces have carried out more than 160 strikes on oil refineries and other facilities deep inside Russia, resulting in a 90% reduction in oil production and causing a fuel shortage of more than 20%, says Security Service of Ukraine (SBU) head ...

U.S. ​Vice President ‌JD Vance, in remarks ​due to air later on ‍Wednesday, said Venezuela ​can only sell ​its ⁠oil if it serves the interests of the United States. Vance told Fox News' "Jesse Waters Primetime" ‌show that the United States - ​which carried ‌out strikes ‍against the ⁠South American country and captured its president over the week - controls Venezuela's purse strings.