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US says it'll indefinitely control oil from Venezuela, which has world's largest reserves
short by Ashley Paul / on Thursday, 8 January, 2026
US Energy Secretary Chris Wright said US will "indefinitely" control the oil produced in Venezuela, which has the world's largest crude oil reserves. "We're going to market the backed-up stored oil...and then indefinitely...we'll sell the production that comes out of Venezuela into the marketplace," Wright said. US will make provisions to allow its oil companies to enter Venezuela, he added.
read more at Reuters