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U.S. Says Venezuela Will Send Up to 50 Million Barrels as Maduro Remains in Custody

Questions over how quickly Venezuela’s battered oil industry can supply US refiners now dominate the outlook.

Overview

  • President Donald Trump said Venezuela agreed to ship up to 50 million barrels to the United States at market prices and signaled a 30‑day halt to Venezuelan elections while Washington oversees oil proceeds.
  • Oil prices fell after a volatile session as analysts cautioned that adding meaningful Venezuelan output will take years and significant investment despite the headline supply pledge.
  • Nicolás Maduro pleaded not guilty in a New York federal court and remains held in Brooklyn, with the next hearing set for March 17.
  • During Delcy Rodríguez’s swearing‑in as interim leader, authorities detained 14 journalists in Caracas, inspected their equipment and deported one before releasing the others.
  • Venezuelan officials confirmed 24 military deaths from the operation, while earlier reporting had cited higher casualty estimates.