US EditionTrump Needs US Oil Firms to Make His Venezuela Plan Work - but Can They Deliver?
- Venezuelan and US officials are discussing exporting Venezuelan crude to refiners in the United States, according to five government, industry, and shipping sources.
- A blockade on exports imposed by US President Donald Trump since mid-December has prevented Venezuela from shipping millions of barrels of oil.
- A deal to redirect Venezuelan oil to US refiners could impact China's long-term purchasing of oil from Venezuela, as reported by sources.
- US refineries on the Gulf Coast were importing 500,000 barrels per day before the energy sanctions were imposed on Venezuela.
12 Articles
12 Articles
The dream of the fast oil boom in Venezuela could remain exactly that. Degraded plants, lack of skilled personnel and political risks make the project a long-term project with an uncertain outcome. Experts warn: The way back to the old production strength is not only expensive, but perhaps also superfluous.
US oil firms reluctant to return to Venezuela despite Trump avarice: Report
Major American energy firms show little appetite for returning to Venezuela, CNN reports, exposing what critics describe as the hollowness of President Donald Trump’s aggressive rhetoric and his openly stated ambition to control Venezuela’s oil.
The US is already the world's largest oil exporter, and many US companies are reluctant to respond to the President's Venezuela plans. Exploitation is hugely expensive – what does Trump want with oil?
Coverage Details
Bias Distribution
- 80% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
