U.S. seeks to tap Venezuela's vast oil reserves
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Venezuela, oil
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Venezuela is sitting on 303 billion barrels of crude, and what happens to that stockpile is critical for oil prices.
Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Cierra Murry is an expert in banking, credit cards, investing, loans, mortgages, and real estate.
Venezuela’s oil recovery boosted India’s crude imports in 2024, the latest US attack and geopolitical risks could impact global oil supply and prices.
Trump says the US will look to tap Venezuela's oil. Venezuela has the most oil reserves, but only accounts for 1% of global production.
President Donald Trump's plan to take control of Venezuela's oil industry and ask American companies to revitalize it after capturing that country's president in a military raid isn't likely to have a