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How will US control of Venezuela's oil industry impact global prices?
Posted
January 4, 2026
Views
194,488
Likes
2,370
Comments
826
Engagement
1.64%
January 4, 2026
194,488
2,370
826
1.64%
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3:31Now PlayingDonald Trump has said the US will now control Venezuela's oil industry, bringing in American companies to rebuild infrastructure and reverse declining production.
Venezuela has the largest oil reserves in the world, and Trump has been clear that the commercial opportunity this represents for the US was a significant reason for the removal of the country's president Nicolas Maduro.
Sky's business and economics correspondent Paul Kelso discusses how American involvement could affect global oil prices - and whether it will benefit Venezuela itself.
#Caracas #Venezuela #Oil #US #WorldNews
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