Investors remain wary as Washington tightens control over Venezuelan oil.
Donald Trump has urged major United States oil companies to pour as much as $100bn into Venezuela, pitching American-led investment as the cornerstone of his administration’s strategy after the capture of President Nicolás Maduro earlier this month.
Speaking at the White House alongside executives from Exxon, Chevron and ConocoPhillips, Trump said United States firms could revive Venezuela’s « rotting » oil infrastructure and dramatically boost output, promising lower energy prices at home and long-term control over the country’s oil revenues.
