President Trump of the United States, after capturing Venezuelan President Maduro in a raid, plans to take control of Venezuela's oil industry and promote the revitalization of American companies in the sector. However, this plan is unlikely to have a significant impact on oil prices in the short term.
Venezuela's oil industry has been in a state of disrepair due to years of mismanagement and international sanctions. Therefore, achieving a substantial increase in production may take several years and require huge investments. However, some analysts are optimistic, believing that Venezuela could potentially double or even triple its current daily output of approximately 1.1 million barrels, quickly returning to its historical peak levels.
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CalmLakeSurface
· 01-04 13:02
President Trump of the United States, after capturing Venezuelan President Maduro in a raid, plans to take control of Venezuela's oil industry and promote the revitalization of American companies in the sector. However, this plan is unlikely to have a significant impact on oil prices in the short term.
Venezuela's oil industry has been in a state of disrepair due to years of mismanagement and international sanctions. Therefore, achieving a substantial increase in production may take several years and require huge investments. However, some analysts are optimistic, believing that Venezuela could potentially double or even triple its current daily output of approximately 1.1 million barrels, quickly returning to its historical peak levels.
President Trump of the United States, after capturing Venezuelan President Maduro in a raid, plans to take control of Venezuela's oil industry and promote the revitalization of American companies in the sector. However, this plan is unlikely to have a significant impact on oil prices in the short term.
Venezuela's oil industry has been in a state of disrepair due to years of mismanagement and international sanctions. Therefore, achieving a substantial increase in production may take several years and require huge investments. However, some analysts are optimistic, believing that Venezuela could potentially double or even triple its current daily output of approximately 1.1 million barrels, quickly returning to its historical peak levels.