The US has acquired what Trump describes as the largest oil supply in the world outside of its own, a military operation he now refers to as a "voyage." This effort has faced scrutiny from observers questioning if the grade of Venezuelan oil is compatible with the US reserve infrastructure. Trump claimed that incorporating Venezuela's resources could give the US 58% of the world's fuel.
Tuesday, October 20, 2026
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US Quintuples Venezuela Oil Purchases After Maduro Capture
Commodities13 days ago
President Donald Trump is diverting millions of barrels of Venezuelan crude to Houston and other domestic ports to refill the Strategic Petroleum Reserve. Spanish newspaper ABC reports that US oil purchases from Venezuela have increased fivefold since the capture of Nicolas Maduro, enabling the stockpiles to be replenished "for nothing" or "at almost no cost." Trump stated the US has seized the assets and wealth of the nation to facilitate these imports.
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