US energy secretary to visit Venezuela to discuss PDVSA leadership, Politico reports
Feb 9 (Reuters) - U.S. Energy Secretary Chris Wright plans to visit Venezuela soon to “start the dialogue” with officials on the future leadership of Venezuelan oil company PDVSA, Politico reported on Monday.
Wright, who plans to visit some of the nation’s oilfields, told Politico: “PDVSA was a highly professional, technically competent oil and gas company 30 years ago, and it hasn’t been one for quite some time.”
He intended to improve the management of the state-run oil company which has emerged as an obstacle in the Trump administration’s efforts to push international oil companies to invest in the country, the report said.
In December, due to quality issues with the oil and U.S. sanctions, state oil company PDVSA had been forced to slash prices, with the discount to Brent benchmark crude about double year-ago levels.
He planned to meet with acting President Delcy Rodríguez during his time there and expected the country to hold democratic elections in the next 18 to 24 months, Politico said.
Related Articles
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
USD Dollar Trend Forecast: Dollar Index Falls Below 97.0 to 4-Year Low, Will the Dollar Continue To Fall or Bottom Out in 2026?
TradingKey - In January 2026, the US Dollar Index continued its downward trend from 2025, officially breaking below the key 97.0 level and reaching a low of 95.5, marking a nearly four-year low since February 2022.
