Trump eyes control of Venezuela’s PDVSA to slash oil prices
Yahoo Finance·2026-01-08 10:30
US President Donald Trump is reportedly considering an initiative to gain control of Venezuela's state-run oil company, PDVSA, with the aim of reducing oil prices to $50 a barrel. The plan, still under consideration, involves the US acquiring and marketing the majority of PDVSA's oil production, which could potentially strengthen US influence over the Venezuelan oil sector, as per a report in the Wall Street Journal. The publication cited sources familiar with the discussions who suggest that the US is ...