Energy

Trump Administration in Advanced Talks for Stake in Venezuelan Oil Fields - WSJ

Source: WSJ

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DW NOTE

With the Strait of Hormuz shut and global supply down 4.3 million barrels per day, Washington is negotiating equity positions in sanctioned Venezuelan fields rather than simply lifting restrictions. That's not emergency relief — it's using a crisis to restructure ownership while crude trades $40 below its recent peak.

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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 in Advanced Talks for Stake in Venezuelan Oil Fields - WSJ

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