← Videos · Energy & Permitting

Secretary Wright on Fox News: Venezuelan Oil Will Add Supply and Push Prices Down

January 13, 2026 · U.S. Department of Energy · 0:05:33

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

Energy Secretary Chris Wright told Fox News’ Martha MacCallum that President Trump had said the United States is taking in millions of barrels of Venezuelan oil following the arrest of Nicolás Maduro less than two weeks earlier, according to the interview. The host cited gas prices at $2.82 and crude down 21 percent year over year, and Wright said the administration’s energy agenda has put upward pressure on supply and downward pressure on prices, as stated in the segment.

Wright said the Venezuela move will bring more oil supply to global markets and to American refiners, further driving down consumer prices, and he said it will also reduce the criminality, drugs and gangs run from Venezuela into the United States, according to the interview. Asked about oil flows to China, he said sanctioned Iranian and Venezuelan oil previously sold to China at massive discounts, whereas Venezuelan oil will now be sold at market price through the United States, and China can still buy it on those terms, as stated in his remarks.

On Iran, Wright said everything is on the table but described the current flow as boycotted, illegal oil bought almost only by China, according to the interview. He said if Iran’s government fell, the United States would happily be a commercial partner to get better prices for its crude, while stressing he would not speculate ahead of the President, as stated in his remarks. He closed by arguing all Americans win with lower energy prices and that the administration has lowered the cost of producing oil at home through reasonable regulation, according to the interview.

Why it matters

The interview sets out the administration’s Venezuela oil doctrine — U.S.-marketed crude at market prices, China included as a buyer — and floats the same model for a post-regime Iran.

Sources: U.S. Department of Energy, “Secretary Wright Joins Fox News’ Martha MacCallum - January 13, 2026”, 2026-01-13 (official upload, embedded above; published 2026-01-13). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.