United States President Donald Trump said in Washington that the US has received more than 80 million barrels of Venezuelan oil, signalling a significant shift in energy policy and crude supply strategy during his second term in office.
Speaking during his State of the Union address, Donald Trump said the oil shipments followed changes in US policy towards Venezuela, positioning the development as part of a broader effort to strengthen energy security and stabilise supply chains. “We just received from our new friend and partner, Venezuela, more than 80 million barrels of oil,” he said.
The announcement comes as the United States seeks to balance rising domestic production with strategic crude imports. Trump said American oil production has increased by more than 600,000 barrels per day, reinforcing Washington’s push for higher output alongside diversified international sourcing.
The administration previously moved to ease certain oil-related sanctions on Venezuela to facilitate production and exports, despite broader geopolitical tensions. Venezuela holds some of the world’s largest proven crude reserves, but output has fluctuated in recent years due to infrastructure constraints, investment gaps and sanctions.
Energy analysts note that additional Venezuelan barrels could help US refiners, particularly those configured to process heavier crude grades traditionally sourced from Latin America. Increased flows may also influence regional crude trade patterns and refinery margins.
The energy policy shift unfolds amid continued diplomatic engagement and strategic recalibration in the Western Hemisphere. While the administration has taken a firmer stance on political leadership in Caracas, it has simultaneously pursued measures aimed at maintaining oil supply stability.
The development underscores the intersection of foreign policy and energy strategy, with implications for US refining operations, global oil flows and broader power sector planning tied to fuel supply dynamics.
.jpg "LPG cylinder price reduced to Tk1,885 in Bangladesh")