Commodities
Trump's Venezuela Oil Deal Hinges on Remote and Decrepit Fields
The Trump administration's proposed deal with Venezuela to unlock its oil reserves has been met with skepticism due to the poor condition and remote location of some of the fields.
According to a report, the deal hinges on accessing these decrepit and distant fields, which are estimated to hold 302 billion barrels of heavy crude oil.
Bloomberg News reports that this would be a significant boost for Venezuela's economy, but experts have expressed concerns about the feasibility of extracting oil from these fields.