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The U.S. has collected more than $13 billion in Venezuelan oil revenue this year, raising questions about the whereabouts of the funds

2026-07-22·newswire-us-stock-064002

The U.S. has collected more than $13 billion in Venezuelan oil revenue this year, raising questions about the whereabouts of the funds.

According to relevant statistics, the United States has collected more than $13 billion in revenue from Venezuelan oil sales this year. However, within six months, the subsequent flow and use of the funds lacked transparency, arousing continued concern from U.S. lawmakers on both sides of the aisle and the economic community.

Since the United States took action and adjusted its sanctions policy against Venezuela in January this year, the United States has actually taken control of funds related to Venezuela's oil exports.

Oil revenue accounts for about a quarter of Venezuela's gross domestic product, and the easing of sanctions was once expected to bring a significant boost to the country's economy.

However, economists pointed out that signs of Venezuela's economic recovery are relatively mild, with the official growth rate of 2.5% in the first quarter hitting a five-year low. Analysts believe this is related to the fact that the United States has not transferred all new oil revenue back to Venezuela.

The United States has given different statements on the use of the funds. The relevant executive order described its role as "custodial", while the US president stated that the United States "made a lot of money" and had "recovered 28 times the cost of military operations" through oil. The U.S.

Department of Energy said the funds would be "distributed for the benefit of the American people and the Venezuelan people." State Department officials said that although the funds belong to Venezuela, they can only be used with U.S.

permission, adding that "billions of dollars" have been allocated to the Venezuelan economy and that financial supervision is being conducted. U.S. officials also say control of oil funds has been used to exert influence over current Venezuelan leaders. Lawmakers from both parties in the U.S.

Congress are pressing the government to explain where the money is spent and prevent corruption. Some members criticized the administration for being "opaque" on this issue and Congress being "kept in the dark". Republicans also called for the disclosure of relevant reports.

Although the Venezuelan government has set up a website to track oil sales revenue managed by the United States, there is only one record of a transfer of US$300 million in March. After two devastating earthquakes hit Venezuela on June 24, the issue of where the funds went has attracted more attention.

The United Nations estimates $37 billion in damage to buildings and infrastructure alone. The United States has provided $386 million in disaster relief assistance and dispatched hundreds of U.S. troops. Diplomatic officials in Venezuela said funds from the oil revenue account are also being used for reconstruction, but did not disclose the specific amount.

According to estimates, the US$13 billion in revenue does not include other revenues such as mining exports.

#Stocks #Oil #Earnings

Full text

The U.S. has collected more than $13 billion in Venezuelan oil revenue this year, raising questions about the whereabouts of the funds

According to relevant statistics, the United States has collected more than $13 billion in revenue from Venezuelan oil sales this year. However, within six months, the subsequent flow and use of the funds lacked transparency, arousing continued concern from U.S. lawmakers on both sides of the aisle and the economic community. Since the United States took action and adjusted its sanctions policy against Venezuela in January this year, the United States has actually taken control of funds related to Venezuela's oil exports. Oil revenue accounts for about a quarter of Venezuela's gross domestic product, and the easing of sanctions was once expected to bring a significant boost to the country's economy. However, economists pointed out that signs of Venezuela's economic recovery are relatively mild, with the official growth rate of 2.5% in the first quarter hitting a five-year low. Analysts believe this is related to the fact that the United States has not transferred all new oil revenue back to Venezuela. The United States has given different statements on the use of the funds. The relevant executive order described its role as "custodial", while the US president stated that the United States "made a lot of money" and had "recovered 28 times the cost of military operations" through oil. The U.S. Department of Energy said the funds would be "distributed for the benefit of the American people and the Venezuelan people." State Department officials said that although the funds belong to Venezuela, they can only be used with U.S. permission, adding that "billions of dollars" have been allocated to the Venezuelan economy and that financial supervision is being conducted. U.S. officials also say control of oil funds has been used to exert influence over current Venezuelan leaders. Lawmakers from both parties in the U.S. Congress are pressing the government to explain where the money is spent and prevent corruption. Some members criticized the administration for being "opaque" on this issue and Congress being "kept in the dark". Republicans also called for the disclosure of relevant reports. Although the Venezuelan government has set up a website to track oil sales revenue managed by the United States, there is only one record of a transfer of US$300 million in March. After two devastating earthquakes hit Venezuela on June 24, the issue of where the funds went has attracted more attention. The United Nations estimates $37 billion in damage to buildings and infrastructure alone. The United States has provided $386 million in disaster relief assistance and dispatched hundreds of U.S. troops. Diplomatic officials in Venezuela said funds from the oil revenue account are also being used for reconstruction, but did not disclose the specific amount. According to estimates, the US$13 billion in revenue does not include other revenues such as mining exports.

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