Venezuela's Rodriguez Making Huge Changes, Wright Says

Watch on YouTube ↗  |  February 12, 2026 at 20:59  |  2:15  |  Bloomberg Markets
Speakers
Chris Wright — US Energy Secretary

Summary

US Energy Secretary Chris Wright discusses Venezuela's improving business climate under acting president Delcy Rodriguez, emphasizing rapid changes since January 5 and American optimism. He says the US is using its role in selling Venezuelan oil as leverage, securing more than 50% higher dollars per barrel, removing corruption, and directing funds to Venezuela. Wright frames the relationship as a partnership aimed at improving Venezuela and US-Venezuela relations.

  • US Energy Secretary Chris Wright says Venezuela's acting president Delcy Rodriguez has made rapid changes since January 5.
  • Wright reports a better business climate for Americans and optimism among local Venezuelan businesses.
  • The US is selling oil produced and exported from Venezuela and getting more than 50% higher dollars per barrel.
  • Wright says the US is removing corruption from oil sales and directing funds to Venezuela's government and people.
  • The US uses discretion over oil-sale funds as leverage to drive improvement in Venezuela and bilateral relations.
  • Wright downplays internal politics around Nicolas Maduro and focuses on Venezuela's future and democratic opening.
Ideas
Chris Wright US Energy Secretary 0:34
Venezuela's business climate is improving
Venezuela's acting president Delcy Rodriguez has made enormous changes rapidly since January 5, improving the business climate for Americans and local businesses and creating optimism, with the US using oil-sale leverage to nudge Venezuela toward democracy and better American-Venezuelan relations.
Venezuela HIGH
Chris Wright US Energy Secretary 1:40
Venezuelan oil sales fetch higher dollars
The US is selling oil produced and exported from Venezuela, securing more than 50% higher dollars per barrel for that oil, removing corruption, and directing funds to the Venezuelan government and people, which benefits Venezuela and improves bilateral relations.
Venezuelan oil MED
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This Bloomberg Markets video, published February 12, 2026, features Chris Wright discussing Venezuela, Venezuelan oil. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Chris Wright  · Tickers: Venezuela, Venezuelan oil