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Trump Leaves Venezuela's Opposition Sidelined
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Follow live updates as developments emerge on Venezuela's future and U.S. allies respond to Trump's threats against Greenland.
U.S. attack that removed President Nicolás Maduro from power on Saturday, Venezuela's interior minister Diosdado Cabello said.
Venezuela has the largest oil reserves of any country on Earth. But the type of oil it has is difficult, and dirty, to process. Experts say ramping up production would be expensive, and dangerous for the climate and environment.
Currently, Chevron is the only major U.S. firm still operating in Venezuela through joint ventures with state oil company PDVSA. Other U.S. companies like ExxonMobil and ConocoPhillips do not have ventures in Venezuela, as sanctions remain in place.
Since the dramatic capture of dictator Nicolas Maduro by U.S. forces, questions have swirled about who is running Venezuela and how.
Malcolm Moore You can tell the story straight away just by looking at Venezuelan oil production. This is a country that used to be a major, major producer of oil, over 3.5mn barrels a day back in the 1970s and today it is producing less than 800,000 barrels of oil a day.
It’s not going to cost us anything," Rubio said of the Trump Administration's plans to transform Venezuela and sell its oil
Venezuela's interior minister Diosdado Cabello said late on Wednesday that 100 people died in the U.S. attack which removed President Nicolas Maduro from power on Saturday.
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