Markets

Controversial Venezuelan executive courts investors after Trump oil deal

Alejandro Betancourt is US’s minority partner in company that will control more than 65bn barrels of oil reserves

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DW NOTE

With the Strait of Hormuz shut and the IEA forecasting a 4% global supply drop, Trump gave a minority partner access to 65 billion barrels of Venezuelan heavy crude. Betancourt's reputation doesn't matter when the alternative is $150 oil before midterms.

Read the full story at Financial Times →

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Controversial Venezuelan executive courts investors after Trump oil deal

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