Story thread · 2 reports / 1 sources

Can Venezuela Rescue the Oil Market?

bloomberg.com · 2dShare

Venezuela has some of the world’s largest oil reserves and could eventually produce far more than it does today. But Columbia University’s Luisa Palacios says reviving the industry would take years, up to $150 billion in investment and a major rebuilding of trust after decades of contract changes, expropriations and infrastructure decline. (Source: Bloomberg)

First report: Big Take: Trump's Venezuela Oil Deal — bloomberg.com, 4d