Venezuelan oil shipments surge to US ports with heavy crude after Maduro capture

President Donald Trump announces Venezuela will move 30-50 million barrels of oil worth $2.8 billion to U.S. after former President Nicolás Maduro's capture by American forces.

(Alex Wong/Getty Images and Gaby Oraa/Bloomberg)

The rapid surge in shipments comes days after President Donald Trump announced that Venezuela would move between 30 million and 50 million barrels of sanctioned oil to the U.S., worth roughly $2.8 billion at current prices.

Trump said Tuesday the oil would be sold at market value and that he would control the proceeds to ensure they are "used to benefit the people of Venezuela and the United States!"

Windward maritime intelligence data indicates massive oil flows are already materializing, according to Wiese Bockmann.

"And just for comparison, over December, using our commodities tracking partners, Vortex, about 47 million barrels of crude and containers were shipped from Venezuela," she noted.

"They're going to be taken by storage ships to the U.S.," Wiese Bockmann added.

According to the analyst, U.S. infrastructure is well-prepared to handle the influx.

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A Petroleos de Venezuela SA (PDVSA) oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Friday, Nov. 17, 2023.  (Gaby Oraa/Bloomberg/Getty Images)

According to reports, Venezuela is said to hold more than 300 billion barrels of proven reserves, which is more than Saudi Arabia, Iran or Kuwait, but sanctions and isolation have impacted production and exports.

As previously reported by Fox News Digital, Energy Secretary Chris Wright has been tasked with executing Trump’s plan "immediately," as major U.S. energy companies such as Chevron, ConocoPhillips and ExxonMobil prepare for White House meeting Friday to revive Venezuela’s oil industry.

But Wiese Bockmann said the arrest of Maduro had disrupted the so-called dark fleet trade that had been taking Venezuelan crude to Asia.

"We've had this phenomenon of the dark fleet exploding since Russia invaded Ukraine," she added.

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"And we've had this axis of Venezuela, Iran, Russia, China basically trading oil between them.

"If it's condensate from Iran to Venezuela or if it's crude back from Venezuela to China, which is about 600,000 barrels a day on average," she added.

"These days, Asia-bound exports remain poor and are paralyzed, but we have seen a very quick resumption of crude flows to the U.S. after the seizure of Maduro."

Fox News Digital has reached out to the White House for comment.

Emma Bussey is a breaking news writer for Fox News Digital. Before joining Fox, she worked at The Telegraph with the U.S. overnight team, across desks including foreign, politics, news, sport and culture. 

https://www.foxnews.com/politics/venezuelan-oil-shipments-surge-us-ports-heavy-crude-maduro-capture