Energy

Trump administration discusses taking stake in Venezuela oil, Axios reports - Reuters

Source: Reuters

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DW NOTE

The U.S. seized Venezuela's gold reserves in 2019, froze its bank accounts in 2020, and sanctioned its oil exports for most of the past decade. Now, with the Strait of Hormuz closed and WTI down 26% from its recent peak despite a 4% global supply deficit, Washington wants equity in the industry it spent years trying to destroy.

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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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Trump administration discusses taking stake in Venezuela oil, Axios reports - Reuters

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