Brent Oil Fund Poised as Venezuela Regime Change Could Unlock 303B Barrels
US military capture of President Maduro could allow Chevron, Exxon Mobil and ConocoPhillips to invest billions to boost Venezuela’s output from 800,000 bpd toward its 3.5 m bpd peak. The country’s 303 billion barrels of extra-heavy crude remain under US embargo, keeping near-term Brent supply impacts uncertain.
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