Despite the fact that the South American country is facing the effects of the disasters that occurred last month, President Donald Trump assured this Thursday that the relationship between the United States and Venezuela is going through one of its best moments, highlighting the expansion of the Venezuelan oil sector and the strengthening of economic ties between the two countries.

Trump confirmed that Venezuela is at a positive point in terms of energy issues in an interview with CNBC's Joe Kernen, and that foreign firms are expanding their presence there.

Our relation with Venezuela is outstanding. They are producing more oil than ever, according to the president, who added that the United States is also a significant source of Venezuelan crude.

Following the political upheaval that took place in Venezuela earlier this year, when Nicolás Maduro was detained and Delcy Rodrigueez's state promoted measures aimed at attracting foreign investment, particularly in the oil industry, the remarks take place in a reconciliation between Washington and Caracas.

Oil output exhibits signs of recovery

Colombian crude oil production has recently increased, according to U. S. leaders. Export reached 1. 25 million barrels per day, the highest degree the nation has recorded in seven years, according to the United States charged'affaires in Venezuela, John Barrett, in early June.

Colombian production increased by 27. 6 % between January and May, according to OPEC data, which shows a recovery brought on by the sector's opening to new purchases.

In a move that it described as solely commercial and transparent, the state company Petroleos de Venezuela ( PDVSA ) recently confirmed that it is still in talks with the United States to sell more oil. Trump made reference to this circumstance by claiming that big corporations are returning to Venezuela and that power assistance benefits both countries.

Disasters cause uncertainty about treatment.

The president did not mention the effects of the 7. 2 and 7. 5 scale earthquakes recorded on June 24 during the interview, despite highlighting Venezuela's financial and oil performance. The disasters, in addition to considerable damage in some regions of the nation, left at least 2, 295 people dying and more than 11, 000 injured, according to the most recent official harmony.

But, US authorities stated this week that no major structural damage had been caused by the major oil and gas facilities. The electricity infrastructure is still in good working order, according to General Francis Donovan, the head of the Southern Command, and John Barrett, the chargéd'affaires.

In addition, members of the Cuban professional business reported that nearly 80 % of the country's manufacturing capacity is still in use despite the effects of the natural catastrophe.

The United States is one of the nations that has provided humanitarian aid to Venezuelans who are assisting in their emergency and restoration work. Analysts believe that the financial value from the horror could be a challenge in keeping the pace of economic treatment and the oil industry's growth throughout the rest of the year.

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