The costs of getting production set up at are so high compared to the relatively bleak outlook for the oil market, it's likely that Venezuelan oil isn't a hugely attractive proposition for anyone.
The costs of getting production set up at are so high compared to the relatively bleak outlook for the oil market, it's likely that Venezuelan oil isn't a hugely attractive proposition for anyone.
Russia is also desperate. And is extracting oil in Venezuela easier than doing it while under Ukrainian bombardment? Good question but we can summarize: extracting oil inside Russia is failing, thanks to Putin's 3-day special military operation ... and they've already had to import fuel twice in the past 6 months, despite how utterly ridiculous that is: the country that out-produced Saudia Arabia when it comes to oil needed to import fuel.
Venezuela is also simply too far from China to be a reliable source of oil.
With a MAJOR exception: I expected Trump to think about things for 5 seconds before ordering people killed and kidnapped and ... If he did a good thing, it's pretty clear now that it's accidental.