'Hundreds of millions of barrels coming out', Trump touts increase in Venezuela oil exports
U.S. President Donald Trump touted a surge in Venezuela’s oil output, saying “hundreds of millions” of barrels are flowing as Washington deepens its role in the sector, while exports have climbed to about 1.2 million barrels per day—the highest in years.
May 05, 2026
Ivan Romero/Reuters
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FILE PHOTO: An oil rig is seen on Lake Maracaibo, in Cabimas, Venezuela October 14, 2022.
Issac Urrutia/Reuters
U.S. President Donald Trump said on Monday (May 4) that “hundreds of millions" of barrels of oil are coming out of Venezuela as Washington seeks to deepen its involvement in the country’s energy sector.
Recent data shows Venezuela’s exports have been rising, reaching roughly 1.2 million barrels per day — their highest level in years.
-Ivan Romero/Reuters
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