Feb 2 (Reuters) - Venezuelan state oil company PDVSA's workers and retirees are hoping oil-industry reform sparked by U.S. intervention last month will increase the purchasing power of their eroding wages and pension payments,

Venezuela’s new oil law legalizes private exports and slashes royalties, yet critics say it favors incumbents and entrenched political insiders.

The reform will undoubtedly be the signature policy of Delcy Rodríguez’s government as it positions the long-crippled oil sector to lure the foreign investment needed to revamp it.

Following the U.S. capture of former President Nicolás Maduro earlier this month, the Trump administration has ramped up pressure on acting President Delcy Rodríguez and other allies of the ousted leader to invite greater investment from U.S. energy companies in Venezuela’s flagging oil industry.

Venezuelan lawmakers have approved a law change that will make it easier for foreign companies to take part in the country’s oil industry, in a move by Caracas to meet the demands of US President Donald Trump.

The Trump administration announced it is easing up on sanctions and allowing limited Venezuelan oil transactions following the capture of dictator Nicolás Maduro.

Oilfield services and refiners face short-term volatility, but structural demand supports a cautiously constructive outlook for 2026. Read more here.

Venezuela's National Assembly has OK'd easing oil sector regulations, seeking to attract private and foreign investment in the nation's main industry.

Top oil purifier manufacturers are playing a pivotal role in enabling predictive industrial maintenance. “Combining high-quality purification systems with precise oil testing allows operators to plan maintenance proactively, ensuring equipment reliability while reducing operational costs,” said a senior industrial analyst.

Energy & Environment Energy & Environment   The Big Story Trump plans to enable expanded Venezuela drillingThe Trump administration is preparing to issue a license