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U.S. Vows to Maintain Influence in Venezuela's Oil Market

1/9/2026

Summary

Story summary

U.S. Energy Secretary Chris Wright said United States and China can coexist in Venezuela's commerce, but it will not allow China to dominate.
In a Fox Business Network interview, Wright expressed confidence in Chevron's expansion in Venezuela, with ConocoPhillips and ExxonMobil also contributing positively.
Wright acknowledged potential Chinese involvement but said the United States must remain the primary influence, ensuring oil flow and preventing Venezuela from becoming China's client state.

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Story summary

U.S. Energy Secretary Chris Wright said United States and China can coexist in Venezuela's commerce, but it will not allow China to dominate.
In a Fox Business Network interview, Wright expressed confidence in Chevron's expansion in Venezuela, with ConocoPhillips and ExxonMobil also contributing positively.
Wright acknowledged potential Chinese involvement but said the United States must remain the primary influence, ensuring oil flow and preventing Venezuela from becoming China's client state.