Politics1/6/2026•Bloomberg

Venezuela’s New Leader Is the Oil Industry’s Long-Time Ally

Venezuela’s New Leader Is the Oil Industry’s Long-Time Ally

The article discusses the political situation in Venezuela, where the Trump administration has threatened to remove President Nicolás Maduro from power. It highlights a group of executives, lawyers, and investors with ties to the oil industry who have been advocating for Delcy Rodríguez, Maduro's No. 2, to succeed him. The article notes that Rodríguez has long been an ally of the oil industry and has close ties to Maduro's government. The group supporting her claims that she would be a more stable and predictable leader for the country's oil sector, which is a crucial part of the Venezuelan economy. The article suggests that the oil industry's influence over the potential leadership transition in Venezuela is a significant factor in the ongoing political crisis in the country.

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