Tag: VenezuelaOil

US to Control Venezuelan Oil Sales Indefinitely, Officials Confirm
BusinessUnited States

US to Control Venezuelan Oil Sales Indefinitely, Officials Confirm

The United States will control sales of Venezuelan oil "indefinitely" as it…

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BusinessUnited States

Can US Oil Giants Really Fix Venezuela’s Crumbling Industry?

Former President Trump has been saying that American oil companies are the…

Trump's remarks came days after he said the US would "run" Venezuela after the ousting of Maduro - who has now been brought to the US to face criminal charges. Speaking to NBC about his 18-month timeframe, Trump speculated that oil production could ramp up "in less time than that, but it'll be a lot of money". He has been explicit about his ambitions for American petroleum companies to scale up their operations in the country. "Having a Venezuela that's an oil producer is good for the United States because it keeps the price of oil down," Trump added. The analysts who previously spoke to the BBC were sceptical that Trump's plans would have a major impact on the global supply - and therefore price - of oil. They suggested that firms would look for reassurance that a stable government was in place, and even when they did invest, their projects would not deliver for years.
BusinessPoliticsUnited States

Can the US Take Control of Venezuela’s Massive Oil Reserves?

Donald Trump has announced plans to tap into Venezuela’s oil reserves following…

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