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Wright tells oil executives that Venezuela's output can rise 30%, sources say
Yahoo Finance· 2026-01-21 12:36
By Dmitry Zhdannikov DAVOS, Jan 21 (Reuters) - U.S. Energy Secretary Chris Wright told oil company executives on Wednesday that Venezuela's output can rise 30% from its current level of 900,000 barrels per day in the short- to medium-term, three executives who attended the meeting said. Raising crude output from Venezuela, which sits on the world's largest oil reserves, is a top objective for U.S. President Donald Trump after U.S. forces seized Venezuela's leader Nicolas Maduro in a raid earlier this ...