Trump says the US could pay American oil companies for work in Venezuela

Group 1 - The US government may reimburse American oil companies for expanding operations in Venezuela, as stated by President Trump [1] - Venezuela holds approximately one-fifth of the world's total oil reserves, yet its output is less than 1% of global daily oil production due to sanctions, corruption, and poor infrastructure [2] - The removal of Venezuelan President Nicolás Maduro could potentially reshape the global energy market, impacting countries like China and Russia [2] Group 2 - Trump's comments suggest that a functioning Venezuelan oil industry would benefit the US by keeping oil prices low, which could lead to cheaper gas for American consumers [5] - The US oil market is currently facing challenges, with crude prices having fallen by 20% last year due to oversupply and sluggish demand [6] - OPEC+ has decided to refrain from increasing oil production during the first quarter, indicating a focus on managing supply in response to market conditions [6]