Venezuela's Oil Crisis: A Nation at Standstill Amid U.S. Blockade
Published on: Jan. 5, 2026, 1:21 a.m. | Source: Devdiscourse
Venezuela’s state oil company, PDVSA, is slashing crude production due to storage capacity issues following a U.S. oil blockade. Exports have halted, impacting the interim government. Chevron's shipments have also ceased. Production cutbacks threaten refining and domestic fuel supply, complicating efforts to stabilize the nation’s economy.
