Venezuelan Oil and Political Turmoil: Opportunities and Challenges for US Investors

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Source: The Guardian
Venezuelan Oil and Political Turmoil: Opportunities and Challenges for US Investors
Photo: The Guardian
TL;DR Summary

US refineries favor Venezuelan heavy, high-sulphur crude due to their design, and restoring Venezuelan oil exports could reduce US reliance on more expensive sources, bolster the US oil industry, and serve as a geopolitical move against China, though significant investment and stability are required for a full recovery.

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