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Trump says US to get 30 million to 50 million barrels of oil from Venezuela at market price

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Trump says US to get 30 million to 50 million barrels of oil from Venezuela at market price
News

News

Trump says US to get 30 million to 50 million barrels of oil from Venezuela at market price

2026-01-07 09:28 Last Updated At:16:58

CARACAS, Venezuela (AP) — President Donald Trump said Tuesday that Venezuela would be providing 30 million to 50 million barrels of oil to the U.S., and he pledged to use proceeds from the sale of this oil “to benefit the people” of both countries.

The White House is organizing a meeting Friday with U.S. oil company executives to discuss Venezuela, which the Trump administration has been pressuring to open its vast-but-struggling oil industry more widely to American investment and know-how. Representatives of Exxon, Chevron and ConocoPhillips are expected to attend the White House meeting, according to a person familiar with the matter who requested anonymity to discuss the plans.

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FILE - Venezuela's Foreign Relations Minister Delcy Rodriguez gives a news conference after a private meeting with U.S. Chargé d'Affaires Lee McClenny in Caracas, Venezuela, March 2, 2015. (AP Photo/Ariana Cubillos, File)

FILE - Venezuela's Foreign Relations Minister Delcy Rodriguez gives a news conference after a private meeting with U.S. Chargé d'Affaires Lee McClenny in Caracas, Venezuela, March 2, 2015. (AP Photo/Ariana Cubillos, File)

Government supporters gather for a women's march to demand the return of Venezuelan President Nicolas Maduro in Caracas, Venezuela, Tuesday, Jan. 6, 2026, three days after U.S. forces captured him and his wife. (AP Photo/Matias Delacroix)

Government supporters gather for a women's march to demand the return of Venezuelan President Nicolas Maduro in Caracas, Venezuela, Tuesday, Jan. 6, 2026, three days after U.S. forces captured him and his wife. (AP Photo/Matias Delacroix)

President Donald Trump walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci)

President Donald Trump walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci)

President Donald Trump dances as he walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci)

President Donald Trump dances as he walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci)

Earlier Tuesday, officials in Caracas announced that at least 24 Venezuelan security officers were killed in the dead-of-night U.S. military operation to capture Nicolás Maduro and spirit him to the United States to face drug charges. And the country’s acting president, Delcy Rodriguez, pushed back on Trump, who earlier this week warned she'd face an outcome worse than Maduro’s if she does not “do what’s right" and overhaul Venezuela into a country that aligns with U.S. interests, including by granting access to American energy companies.

Rodriguez, delivering an address Tuesday before government agricultural and industrial sector officials, said, “Personally, to those who threaten me: My destiny is not determined by them, but by God.”

Venezuela’s Attorney General Tarek William Saab said overall “dozens” of officers and civilians were killed in the weekend strike in Caracas and said prosecutors would investigate the deaths in what he described as a “war crime.” He didn’t specify if the estimate was specifically referring to Venezuelans.

In addition to the Venezuelan security officials, Cuba’s government had previously confirmed that 32 Cuban military and police officers working in Venezuela were killed in the raid. The Cuban government says the personnel killed belonged to the Revolutionary Armed Forces and the Ministry of the Interior, the country’s two main security agencies.

Seven U.S. service members were also injured in the raid, according to the Pentagon. Five have already returned to duty, while two are still recovering from their injuries. The injuries included gunshot wounds and shrapnel injuries, according to a U.S. official who was not authorized to comment on the matter publicly and spoke on the condition of anonymity.

A video tribute to the slain Venezuelan security officials posted to the military’s Instagram account features faces of the fallen over black-and-white videos of soldiers, American aircraft flying over Caracas and armored vehicles destroyed by the blasts. Meanwhile, the streets of Caracas, deserted for days following Maduro's capture, briefly filled with masses of people waving Venezuelan flags and bouncing to patriotic music at a state-organized display of support for the government.

“Their spilled blood does not cry out for vengeance, but for justice and strength,” the military wrote in an Instagram post. “It reaffirms our unwavering oath not to rest until we rescue our legitimate President, completely dismantle the terrorist groups operating from abroad, and ensure that events such as these never again sully our sovereign soil.”

With oil trading at roughly $56 a barrel, the transaction Trump announced late Tuesday could be worth as much as $2.8 billion. The U.S. goes through an average of roughly 20 million barrels a day of oil and related products, so Venezuela’s transfer would be the equivalent of as much as two and a half days of supply, according to the U.S. Energy Information Administration.

Despite Venezuela having the world’s largest proven crude oil reserves, it only produces on average about one million barrels day, significantly below the U.S. average daily production of 13.9 million barrels a day during October.

The press office for Venezuela’s government did not immediately respond to a request for comment on Trump’s announcement.

ExxonMobil is developing a mammoth offshore oil deposit in the waters off Guyana, Venezuela’s neighbor to the east. The company’s major oil discovery in 2015 prompted Venezuela to revive a century-old territorial dispute with Guyana and take steps to annex the remote region known as Essequibo, which comprises about two-thirds of Guyana’s land mass.

The development has also led to wide-ranging accusations from Venezuela’s government, including Rodríguez, against Guyana’s leaders and ExxonMobil. Two years ago, Venezuelan lawmakers even considered banning any future operation in Venezuela of oil companies working in Guyana.

Earlier Tuesday, Trump pushed back against Democratic criticism of this weekend's military operation, noting that his Democratic predecessor Joe Biden had also called for the arrest of the Venezuelan leader on drug trafficking charges.

Trump in remarks before a House Republican retreat in Washington grumbled that Democrats were not giving him credit for a successful military operation, even though there was bipartisan agreement that Maduro was not the rightful president of Venezuela.

In 2020, Maduro was indicted in the United States, accused in a decades-long narco-terrorism and international cocaine trafficking conspiracy. White House officials have noted that Biden's administration in his final days in office last year raised the award for information leading to Maduro's arrest after he assumed a third term in office despite evidence suggesting that he lost Venezuela’s most recent election. The Trump administration doubled the award to $50 million in August.

“You know, at some point, they should say, ‘You know, you did a great job. Thank you. Congratulations.' Wouldn’t it be good?" Trump said. “I would say that if they did a good job, their philosophies are so different. But if they did a good job, I’d be happy for the country. They’ve been after this guy for years and years and years.”

Americans are split about the capture of Maduro — with many still forming opinions — according to a poll conducted by The Washington Post and SSRS using text messages over the weekend. About 4 in 10 approved of the U.S. military being sent to capture Maduro, while roughly the same share were opposed. About 2 in 10 were unsure.

Nearly half of Americans, 45%, were opposed to the U.S. taking control of Venezuela and choosing a new government for the country. About 9 in 10 Americans said the Venezuelan people should be the ones to decide the future leadership of their country.

Maduro pleaded not guilty to federal drug trafficking charges in a U.S. courtroom on Monday. U.S. forces captured Maduro and his wife early Saturday in a raid on a compound where they were surrounded by Cuban guards.

In the days since Maduro's ouster, Trump and top administration officials have raised anxiety around the globe that the operation could mark the beginning of a more expansionist U.S. foreign policy in the Western Hemisphere. The president in recent days has renewed his calls for an American takeover of the Danish territory of Greenland for the sake of U.S. security interests and threatened military action on Colombia for facilitating the global sale of cocaine, while his top diplomat declared the communist government in Cuba is “in a lot of trouble.”

Colombia’s Foreign Affairs Minister Rosa Villavicencio said Tuesday she’ll meet with the U.S. Embassy’s charge d’affaires in Bogota to present him with a formal complaint over the recent threats issued by the United States.

On Sunday, Trump said he wasn’t ruling out an attack on Colombia and described its president, who’s been an outspoken critic of the U.S. pressure campaign on Venezuela, as a “sick man who likes making cocaine and selling it to the United States.”

Villavicencio said she’s hoping to strengthen relations with the United States and improve cooperation in the fight against drug trafficking.

“It is necessary for the Trump administration to know in more detail about all that we are doing in the fight against drug trafficking,” she said.

Meanwhile, the leaders of France, Germany, Italy, Poland, Spain and the United Kingdom on Tuesday joined Danish Prime Minister Mette Frederiksen in defending Greenland’s sovereignty. The island is a self-governing territory of the kingdom of Denmark and thus part of the NATO military alliance.

“Greenland belongs to its people,” the statement said. “It is for Denmark and Greenland, and them only, to decide on matters concerning Denmark and Greenland.”

Madhani reported from Washington and Janetsky from Mexico City. AP writers Josh Boak, Konstantin Toropin, Sagar Meghani, Isabel DeBre, Linley Sanders and Manuel Rueda contributed reporting.

FILE - Venezuela's Foreign Relations Minister Delcy Rodriguez gives a news conference after a private meeting with U.S. Chargé d'Affaires Lee McClenny in Caracas, Venezuela, March 2, 2015. (AP Photo/Ariana Cubillos, File)

FILE - Venezuela's Foreign Relations Minister Delcy Rodriguez gives a news conference after a private meeting with U.S. Chargé d'Affaires Lee McClenny in Caracas, Venezuela, March 2, 2015. (AP Photo/Ariana Cubillos, File)

Government supporters gather for a women's march to demand the return of Venezuelan President Nicolas Maduro in Caracas, Venezuela, Tuesday, Jan. 6, 2026, three days after U.S. forces captured him and his wife. (AP Photo/Matias Delacroix)

Government supporters gather for a women's march to demand the return of Venezuelan President Nicolas Maduro in Caracas, Venezuela, Tuesday, Jan. 6, 2026, three days after U.S. forces captured him and his wife. (AP Photo/Matias Delacroix)

President Donald Trump walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci)

President Donald Trump walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci)

President Donald Trump dances as he walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci)

President Donald Trump dances as he walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, Jan. 6, 2026, in Washington. (AP Photo/Evan Vucci)

DALLAS (AP) — Federal prosecutors on Thursday accused rapper Pooh Shiesty and eight others of robbing three men at gunpoint and kidnapping them earlier this year in Texas following a contract dispute involving rapper Gucci Mane 's record label.

The U.S. Attorney's Office in Dallas declined to name the victims and an FBI affidavit attached to a criminal complaint only refers to them by their initials. One victim, R.D., is described as the owner of 1017 Records, the label belonging to Gucci Mane, whose legal name is Radric Delantic Davis.

“The victims in this case came to Dallas to conduct legitimate business and they were met with firearms and violence,” Ryan Raybould, the U.S. attorney for the Northern District of Texas, where the complaint was filed, said at a news conference Thursday.

Publicists for Gucci Mane didn’t immediately respond to emailed requests for comment.

The alleged confrontation happened Jan. 10 after the three victims flew to Dallas for what they thought was a business meeting at a music studio, according to the affidavit. Prosecutors said Pooh Shiesty, whose legal is name Lontrell Williams Jr., arranged the meeting, allegedly to discuss the terms of his contract with 1017 Records.

“Once these three men were inside the recording studio, Williams Jr. and eight co-conspirators — several of whom traveled from Memphis, Tennessee — executed a coordinated, armed takeover,” said Raybould, who described Pooh Shiesty as the “ringleader."

Raybould said eight of the nine were arrested Wednesday. In Tennessee, the FBI in Memphis said Wednesday that it went to a home in the suburb of Cordova to serve court-approved warrants. Property records show it is owned by Pooh Shiesty.

Raybould described the three victims as music industry professionals. In the affidavit, the other two victims are referred to by the initials M.M. and B.P.

The affidavit said that Pooh Shiesty had asked to speak with the record label owner privately in a recording room. The label owner then entered the room with Pooh Shiesty, Pooh Shiesty's father and rapper Big30, whose legal name is Rodney Wright. Both Lontrell Williams Sr. and Wright are also defendants.

Pooh Shiesty produced contract termination paperwork and told the label owner to sign. They argued and Pooh Shiesty pulled what appeared to be an AK-style pistol and forced him to sign. Pooh Shiesty then took the man's wedding ring, watch, earrings and cash, the affidavit said.

When they left the room, the other defendants produced firearms and demanded property from the other two victims, the affidavit said, and the man referred to as M.M. was choked to near unconsciousness.

The affidavit said Wright blocked the studio door with his body to prevent the victims from leaving.

Messages to Wright and his label were not immediately returned Thursday. Contact information for Lontrell Williams Sr. could not immediately be found. A number listed for him was not in service. The number listed for the house in Cordova was also not in service.

Pooh Shiesty didn’t immediately return an emailed request for comment. At the time of the alleged confrontation in Texas, he was on home confinement for a prior firearms conspiracy conviction out of Florida and was required to wear an electronic monitoring device, prosecutors said.

Investigators used data from the device, plus surveillance videos, cell phone records and images posted on social media, as part of their probe, the affidavit said.

Bradford Cohen, an attorney for Pooh Shiesty in that firearms case, did not immediately reply to an email and phone call for comment.

Gucci Mane is widely regarded as one of the pioneers of trap music alongside fellow Atlanta rappers T.I. and Jeezy. He emerged in the mid-2000s with his breakout single “Icy” and went on to build a vast catalog. He has also helped launch or develop artists including Young Thug and earned a Grammy nomination for his appearing on Lizzo’s song “Exactly How I Feel.”

Gucci Maine's career has also been marked by legal troubles and personal struggles. In the 2000s and early 2010s, he faced multiple arrests on charges including drug possession, assault and probation violations. In 2014, he was sentenced in a federal firearms case and was released from prison in 2016.

His 2017 memoir, “The Autobiography of Gucci Mane,” reflects on his evolution as a music artist and personal struggles such as being diagnosed with schizophrenia and bipolar disorder. In recent years, he has publicly emphasized sobriety and stability.

This story has been corrected to show that details came from an affidavit attached to a criminal complaint, not an indictment.

Associated Press reporters Adrian Sainz in Memphis and Jonathan Landrum Jr. in Los Angeles contributed to this report.

FILE - Gucci Mane performs during the Festival d'ete de Quebec in Quebec City, Canada on July 12, 2019. (Photo by Amy Harris/Invision/AP, File)

FILE - Gucci Mane performs during the Festival d'ete de Quebec in Quebec City, Canada on July 12, 2019. (Photo by Amy Harris/Invision/AP, File)

FILE - Gucci Mane performs at the Essence Festival in New Orleans on July 1, 2023. (Photo by Amy Harris/Invision/AP, File)

FILE - Gucci Mane performs at the Essence Festival in New Orleans on July 1, 2023. (Photo by Amy Harris/Invision/AP, File)

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