Trump Secures Billions from U.S. Oil Majors to Rebuild Venezuelan Output
U.S. forces deposed Venezuela’s Nicolás Maduro and President Trump pledged that American oil majors will invest billions to rebuild the country’s oil infrastructure under a restored regime. Analysts note Venezuelan production currently stands at about 1 million barrels per day—under 1% of global supply—limiting any near-term Brent crude price impact tracked by BNO.