The World’s Biggest Oil Reserves Just Opened Up
What Maduro’s arrest in Venezuela means for companies like Exxon Mobil and Chevron.
A Petroleos de Venezuela SA oil pump jack on Lake Maracaibo in Cabimas, Zulia state, Venezuela.
Photographer: Gaby Oraa/BloombergAfter his removal from Venezuela over the weekend, Nicolás Maduro pleaded not guilty on Monday in New York to US charges in a narco-terrorism case against him. “I am innocent,” Maduro said through an interpreter, adding, “I am a decent man.” Meanwhile, back in Caracas, the National Assembly inaugurated Delcy Rodríguez as acting president. Although the assertion of US power in the region was one factor in the raid, President Donald Trump has long been interested in Venezuela’s oil. Houston-based energy reporter Kevin Crowley writes today about the implications for the market. Plus: How Zillow’s CEO sees the housing sales, and the coffee chain that thrives on sticky-sweet, psychedelically colored beverages.
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