Energy

How the Pentagon Is Getting Into the Venezuelan Oil Business Under Trump - The New York Times

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DW NOTE

The Pentagon is now involved in Venezuelan oil operations — a neat reminder that energy security always trumps ideology when supply lines tighten. With the Strait of Hormuz shut and third-quarter supply down 1.7 million barrels per day, Washington needs barrels from somewhere, and Caracas has them.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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How the Pentagon Is Getting Into the Venezuelan Oil Business Under Trump - The New York Times

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