https://sputnikglobe.com/20260110/wary-us-oil-giants-dodge-venezuela-investment-pitch-1123447103.html
Cautious US Oil Giants Dodge Venezuela Funding Pitch
Cautious US Oil Giants Dodge Venezuela Funding Pitch
Sputnik Worldwide
American oil majors left a White Home assembly with out signing up for a quick cash push into Venezuela’s oil sector following the seize of the nation’s legit President Nicolas Maduro, studies Axios.
2026-01-10T10:36+0000
2026-01-10T10:36+0000
2026-01-10T10:36+0000
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The Trump administration has floated a $100 billion funding determine, promising “safety” and “direct offers” with the US. However executives saved their distance. A handful of independents reportedly signaled curiosity, however with Venezuela’s output at round 800,000 barrels per day – nonetheless far under its previous peaks – and authorized dangers entrance of thoughts, Wall Road’s oil titans aren’t precisely racing again in. Getting again to the three.5 million barrels per day stage of the late Nineties might require way more than $100 billion price of funding over a big variety of years, in keeping with analysts cited by the outlet. Oil costs are at present low, with WTI crude hovering round $59 per barrel, which additionally performs a big issue within the reluctance — main investments in Venezuela’s heavy crude tasks would require a lot larger sustained costs to justify the dangers and capital investments.
https://sputnikglobe.com/20260110/us-oil-companies-will-receive-security-guarantees-when-operating-in-venezuela—trump-1123445866.html
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us, venezuela, oil, cash, funding, oil sector, maduro, axios, trump, white home, assembly, export-import financial institution, us authorities, safety
us, venezuela, oil, cash, funding, oil sector, maduro, axios, trump, white home, assembly, export-import financial institution, us authorities, safety
American oil majors left a White Home assembly with out signing up for a quick cash push into Venezuela’s oil sector following the seize of the nation’s legit President Nicolas Maduro, studies Axios.
The Trump administration has floated a $100 billion funding determine, promising “safety” and “direct offers” with the US. However executives saved their distance.
A handful of independents reportedly signaled curiosity, however with Venezuela’s output at round 800,000 barrels per day – nonetheless far under its previous peaks – and authorized dangers entrance of thoughts, Wall Road’s oil titans aren’t precisely racing again in.
Getting again to the three.5 million barrels per day stage of the late Nineties might require way more than $100 billion price of funding over a big variety of years, in keeping with analysts cited by the outlet.
Oil costs are at present low, with WTI crude hovering round $59 per barrel, which additionally performs a big issue within the reluctance — main investments in Venezuela’s heavy crude tasks would require a lot larger sustained costs to justify the dangers and capital investments.
