Drooid Logo
Back to today’s briefing

Story perspectives

U.S. Takes Charge of Venezuela's Massive Oil Reserves

2/3/2026

43 7 Full Breakdown

1 of 1

Story summary
  • Since the abduction of President Nicolas Maduro last month, the U.S. government has assumed control of selling Venezuelan oil.
  • Venezuela holds the largest proven oil reserves globally, estimated at 303 billion barrels.
  • Venezuela's oil stored in a single tank would rise 1.6 kilometers high, with a 6.2 kilometer diameter, covering half of Manhattan.
  • Venezuela's reserves represent about one-fifth of the global total, which amounts to 1.73 trillion barrels.