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US in Talks With Venezuela to Take Major Stake in Oil Fields

Source: Bloomberg

Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply Chain

The US is in talks with Venezuela to take a large stake in its oil fields, aiming to extend influence over the post-Maduro government and tap the country’s energy reserves. The deal’s size, timeline, and production impact are not specified, so the market reaction will hinge on whether negotiations translate into meaningful access for new barrels.

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