Venezuela’s oil industry has been in the spotlight since President Donald Trump captured the country’s President Nicolas Maduro.

Venezuela is a unique case in the global energy landscape. By the country’s own estimates, it possesses the world’s largest proven oil reserves — about 303bn barrels, roughly 17 per cent of the global total.

The Trump administration said it had an agreement with Venezuela’s government, but the country’s state-owned oil company said negotiations were underway.

Economists say the U.S. selling Venezuela’s backlogged crude supply could help bring the country out of the shadows.

Chevron Corp., the sole Western supermajor permitted to pump Venezuelan oil, is loading tankers at the fastest pace in seven months as the US government moves to control the Latin American nation’s crude riches.

Billionaire energy entrepreneur and Republican donor Harry Sargeant III and his team are advising the Trump administration on how the U.S. can engineer a return of some American oil companies to Venezuela,

The reactivation of Venezuela's oil sector faces an environment of high political uncertainty, structural constraints and institutional deterioration.

Thursday on the RealClearPolitics podcast, Carl Cannon, Andrew Walworth, and RCP contributor Richard Porter break down the conflicting narratives about an ICE officer shooting and killing a woman in Minneapolis.