US Eyes Direct Ownership in Venezuelan Oil Fields, 90B Barrels Targeted

Senior U.S. officials indicate active discussions for equity stakes in high-yield Venezuelan oil fields, a move that would significantly alter Washington’s foreign energy policy and expand U.S.-controlled global reserves. These targeted fields contain approximately 90 billion barrels of proven crude. This potential transaction could impact global crude oil supply dynamics and prices. For Pakistan, shifts in international oil prices could influence imported inflation and the USD/PKR exchange rate, potentially affecting local gold prices.

بحوالہ / Source: oilprice.com