Trump: U.S.-Venezuela relationship is 'excellent'

President Donald Trump has declared the current relationship between the United States and Venezuela to be "excellent," highlighting what he described as unprecedented success in the nation's oil exploitation and exports. Speaking in an interview, Trump emphasized that ties between the two countries are at their best. "Our relationship with Venezuela is excellent. They are doing better than ever with oil," he stated, also noting that major companies are investing in Venezuela and the U.S. is receiving its fair share of oil. This assessment comes despite the country's ongoing economic challenges and recent natural disasters. U.S. envoy John Barrett reported in early June that Venezuela's oil exports had climbed to 1.25 million barrels per day, a seven-year high, crediting the Trump administration's strategy. Official figures from the Organization of Petroleum Exporting Countries (OPEC) showed a 27.6% increase in Venezuela's crude oil production between January and May. In response to these developments, Venezuela has promoted reforms, particularly in the hydrocarbons sector, to attract foreign investment. However, the article raises questions about the potential impact of two recent earthquakes, measuring 7.2 and 7.5 magnitude, on the nation's oil production and infrastructure renewal projects. The U.S. has provided aid to Venezuela following the earthquakes, which have officially resulted in at least 2,295 deaths and 11,267 injuries.

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Our relationship with Venezuela is excellent. They are doing better than ever with oil.