Who controls Venezuela’s oil now? What Maduro’s arrest means for energy markets
On Jan. 5, 2026, the arrest of President Nicolás Maduro thrust Venezuela’s fractured oil industry back into global view, prompting immediate investor questions about who actually controls the country’s crude and how quickly exports might resume. State-owned Petróleos de Venezuela (PDVSA) still holds formal control of most production and reserves, but U.S., Russian and Chinese … Read more