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Venezuela's Oil Exports Plunge 75% After Maduro's Capture

1/22/2026

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Trump Initiates Oil Sales
  • Following the capture of Nicolás Maduro, Venezuela's oil exports have fallen 75%, with ten days of shipments to the U.S. or for domestic use.
  • China and Cuba, previously major importers, face shortages.
  • U.S. forces have seized six sanctioned tankers.
  • U.S. President Donald Trump has initiated oil sales, with first sale valued at about $500 million.
  • Plans to sell 30–50 million barrels are underway, with proceeds managed by Washington.
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