US President Donald Trump began a meeting to discuss Venezuela with executives from some of the world's largest oil companies at the White House on Friday, saying he wants them to invest $100 billion in the country to vastly expand its production.

The oil industry has been mostly silent on Venezuela as the security situation and stability of the government in Caracas is far from clear.

US President Donald Trump said it will take time to get Venezuela to a place where it can hold elections. Read more at straitstimes.com. Read more at straitstimes.com.

Trump has enjoyed strong support from the oil industry, which helped bankroll his reelection campaign.

Oil executives expressed caution, with one executive saying Venezuela had seized their assets twice.

President Donald Trump on Friday called on oil executives to rush back into Venezuela as the White House tries to quickly secure $100 billion in investments to fix the country's neglected infrastructure and fully tap into its expansive reserves of petroleum. Since the U.S. military raid to capture former Venezuelan…

US President Donald Trump said Friday that oil companies would deal with the United States government, not Venezuela, when exploiting that country's oil reserves.