Venezuelan oil

Thursday November 3, 2022

The U.S. is trying to mend ties with Venezuela. One big reason? Oil

The José Antonio Anzoátegui industrial park for crude oil and petrochemicals in Anzoátegui state, Venezuela, on March 17. DPA / Picture Alliance / Getty Images hide caption

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DPA / Picture Alliance / Getty Images

World

The U.S. is trying to mend ties with Venezuela. One big reason? Oil

November 3, 2022 • The Biden administration has extended olive branches to Venezuela. It might sway Caracas to stick with talks with the opposition, and eventually let Venezuelan oil back on the world market.