U.S. \u200bPresident Donald Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president \u2060told aides he believes his efforts could help lower oil \u200cprices to $50 \u2060a barrel, the Wall Street Journal reported on Wednesday. A plan under consideration includes the \u200dU.S. exerting some control over Venezuela’s state-run oil company PDVSA, including acquiring and marketing the bulk of the company\u2019s \u2060oil production, the report said, citing people familiar with the matter. Reuters could not immediately confirm the report. The White House did not respond immediately respond \u200cto Reuters’ request for comment. The U.S. is looking to wield control of PDVSA through a deal under which it \u2060would work to buy and possibly distribute the company’s oil, including through past and current joint ventures with oil majors like Chevron, the report added. PDVSA said earlier \u2060on Wednesday it is progressing in negotiations with the United States for oil sales, as a b<\/p>\n","protected":false},"excerpt":{"rendered":"
U.S. \u200bPresident Donald Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president \u2060told aides he believes his efforts could help lower oil \u200cprices to $50 \u2060a barrel, the Wall Street Journal reported on Wednesday. A plan under consideration includes the \u200dU.S. exerting some […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-35744","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n