Trump considers control over Venezuela's PDVSA and lower oil prices to $50 a barrel, WSJ reports
ReutersJan 8, 2026 2:11 AM
Jan 7 (Reuters) - U.S. President Donald Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president told aides he believes his efforts could help lower oil prices to $50 a barrel, the Wall Street Journal reported on Wednesday.
A plan under consideration includes the U.S. exerting some control over Venezuela's state-run oil company PDVSA, including acquiring and marketing the bulk of the company’s oil production, the report said, citing people familiar with the matter.
Reuters could not immediately confirm the report.
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