President Donald Trump is set to meet with energy executives at the White House within the next week as he seeks to enlist Western companies in rebuilding Venezuela's oil industry. The high-level discussions come just days after the US military operation that led to the capture of leader Nicolás Maduro, as the administration pursues an ambitious plan to revitalize the country's vast oil reserves.

White House Meeting Details and Key Participants

The parties have discussed a possible meeting Thursday or Friday that would include Trump, Energy Secretary Chris Wright and Interior Secretary Doug Burgum, according to sources familiar with the matter. The timing remains fluid, with Secretary of State Marco Rubio also potentially attending the sit-down that's being planned.

Wright is separately expected to meet with executives from major oil companies during the Goldman Sachs Energy, Clean Tech & Utilities Conference on Wednesday in Miami. Summit attendees are set to include representatives from Chevron Corp., ConocoPhillips and other companies. Additionally, representatives from Spain's Repsol SA, which has operations in Venezuela but lost its US license to export oil from the country last year, are also slated to meet with Trump administration officials this week.

Strategic Goals and Financial Framework

The conversations reflect Trump's eagerness to secure Venezuela's mammoth oil reserves as a potential source of revenue and an opportunity to expand US energy dominance. Trump previously suggested the project could be "up and running" in less than 18 months, proposing that oil companies spend the money while the US provides reimbursement through revenue or direct funding.

"Having a Venezuela that's an oil producer is good for the United States because it keeps the price of oil down," Trump previously stated, emphasizing the broader economic benefits of expanded Venezuelan energy production.

Industry Challenges and Investment Reality

Venezuela currently produces about 1.00 million barrels per day of oil — far from its heyday. Just sustaining current production would require $53.00 billion of investment over the next 15 years, according to Rystad Energy analysts. Energy experts estimate that full rebuilding could be a decade-long process costing upwards of $100.00 billion.

Firms that sign up for Trump's rebuild would need to help revitalize pipelines, pump stations and processing facilities that make up Venezuela's aging, decrepit oil infrastructure. Years of corruption, underinvestment, fires and thefts have left the country's crude facilities in tatters.

Industry Concerns and Political Risks

Some oil companies are wary of pouring tens of billions of dollars into the country over the next decade. Executives are looking for guarantees of physical and financial security amid festering concerns about the stability of a post-Maduro government. Exxon Mobil Corp. and ConocoPhillips previously operated inside Venezuela, but left after their assets were nationalized by Maduro's predecessor, Hugo Chávez, in the mid-2000s.

Some oil company representatives have expressed concern about industry-wide meetings limiting their ability to speak candidly without running afoul of US antitrust law. In the current environment, a gathering also could be seen as an endorsement of Trump's plans to use Western oil companies to rebuild the Venezuelan oil sector. Industry representatives have indicated they would need additional assurances about political stability within Venezuela and the safety of their personnel and assets, with potential incentives under discussion.

Gold prices extended their winning streak for the fourth consecutive day, jumping ₹1,100 to reach ₹1.42 lakh per 10 grams as geopolitical tensions and dovish Federal Reserve commentary reinforced safe-haven demand. The precious metal of 99.9% purity closed at ₹1.40 lakh on Monday, according to the All India Sarafa Association, before surging to fresh levels amid continued global uncertainty.

Strong Rally Across Precious Metals Complex

Silver prices witnessed robust buying, continuing their rally for the third consecutive day by surging ₹7,000 to ₹2.51 lakh per kilogram from the previous close of ₹2.44 lakh. In international markets, spot gold gained $11.45 or 0.26% to $4,460.49 per ounce, while spot silver strengthened by $1.75 or 2.28% to $78.36 per ounce.

Fed Dovishness and Geopolitical Tensions Drive Gains

"Gold extended its gains, supported by a softer US dollar and dovish comments from Federal Reserve officials, which reinforced market expectations for potential interest-rate cuts in the coming months," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities. The combination of monetary policy expectations and escalating geopolitical risks has created a favorable environment for precious metals.

Praveen Singh, Head of Commodities at Mirae Asset ShareKhan, highlighted the geopolitical catalyst: "Spot gold is trading with a gain at around $4,460 per ounce, driven by the geopolitical risk escalation as the US captured and removed the Venezuelan leader Nicolas Maduro." US President Donald Trump has threatened further strikes if Caracas continues to defy US efforts, while also weighing action against Colombia and Mexico over illegal drug flows.

Technical Outlook and Market Dynamics

Bullion prices are hovering close to record highs in international markets and could scale fresh peaks if global geopolitical tensions intensify further, according to Renisha Chainani, Head - Research at Augmont. The analyst noted that incoming US data bolstering expectations for more forceful Federal Reserve monetary policy easing than currently priced could provide additional upside momentum.

The current rally represents a continuation of the bullish momentum that has characterized precious metals markets, with both fundamental drivers and technical factors aligning to support higher prices. The sustained four-day advance in gold and three-day rally in silver demonstrate the strength of underlying demand amid global uncertainty and shifting monetary policy expectations.