Lawmakers are split on who will foot the bill for running Venezuela, a country flush with eye-popping oil reserves but an economy that's been reduced to a hollowed-out shell.

Environmental experts warn that U.S. plans under President Trump to restart and control Venezuelan oil exports could intensify pollution, greenhouse gas emissions and ecological damage in a country al

The tepid reception from the industry threatens to further complicate Trump’s unprecedented intervention in Venezuela, which he envisions as a yearslong entanglement aimed at remaking both its political leadership and its oil-centric economy.

Four Venezuelan oil tankers reportedly returned to port after operating in "dark mode" as the U.S. seizes vessels amid Trump's push to acquire oil.

Petróleos de Venezuela said the talks were "within the framework of the commercial relations that exist between both countries."

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.

Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes made U-turns and were headed back to Asia, LSEG shipping data showed on Monday, a sign that the U.S.-blocked South American country might not be directly exporting oil to its main buyer any time soon.

Energy experts say the US and China are diverging on the energy transition, with China sprinting far ahead on renewables and EVs, while the US doubles down on drilling oil at home and abroad.