US moves to control Venezuelan oil post-Maduro as Venezuela passes reforms and companies assess investments

Following the capture of Nicolás Maduro, the Trump administration has taken steps to seize control of Venezuela's oil industry, lifting some sanctions and reportedly expanding Chevron's license to operate. In response, Venezuela's acting president Delcy Rodríguez has signed a sweeping reform of the country's oil sector to reduce state control and attract private investment. Major oil companies are assessing potential investments with varying levels of interest, while President Trump has expressed support for Venezuela remaining in OPEC as part of the broader US strategy.