Story perspectives

U.S. Officials Promote Venezuela's Oil Amid Investment Concerns

4/3/2026

Summary

Story summary

U.S. Interior Secretary Doug Burgum promoted Venezuela's oil and gas potential at a conference, highlighting the country's resources.
Investment interest remains limited due to safety concerns and an unstable government.
Shell is considering expanding its operations in Venezuela.
Chevron has increased production cautiously.
Opposition leader María Corina Machado proposed a five-point plan to privatize the oil sector to attract investment, and concerns persist about Venezuela's heavy crude affecting Canadian oil prices.

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Story summary

U.S. Interior Secretary Doug Burgum promoted Venezuela's oil and gas potential at a conference, highlighting the country's resources.
Investment interest remains limited due to safety concerns and an unstable government.
Shell is considering expanding its operations in Venezuela.
Chevron has increased production cautiously.
Opposition leader María Corina Machado proposed a five-point plan to privatize the oil sector to attract investment, and concerns persist about Venezuela's heavy crude affecting Canadian oil prices.