Story perspectives

Venezuela Oil Exports Peak Since 2018 After US-Backed Leadership Shift

5/5/2026

Summary

Story summary

Venezuela's oil exports hit their highest level since 2018 after the United States removed Nicolás Maduro (former President) and installed a leader who agreed to open the sector to private investment.
Crude production surged following the leadership change.
Major firms such as Exxon have re-engaged, with Exxon’s CEO now meeting Venezuelan officials.
Exports to India have risen, weakening Kremlin influence as Ukraine seeks to curb Russian oil capacity.

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Story summary

Venezuela's oil exports hit their highest level since 2018 after the United States removed Nicolás Maduro (former President) and installed a leader who agreed to open the sector to private investment.
Crude production surged following the leadership change.
Major firms such as Exxon have re-engaged, with Exxon’s CEO now meeting Venezuelan officials.
Exports to India have risen, weakening Kremlin influence as Ukraine seeks to curb Russian oil capacity.