EconomyExplainer: Venezuela’s heavy crude could be swapped for American oil to fill emergency reserve, Wright says
U.S. President Donald Trump said oil from a recent deal with Venezuela would replenish the Strategic Petroleum Reserve and that the process would begin soon. Energy Secretary Chris Wright, visiting Venezuela on Wednesday, suggested the swap may be more complicated than Trump indicated.
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Reuters★★★☆☆2026-09-03 09:45Original
Explainer: Venezuela’s heavy crude could be swapped for American oil to fill emergency reserve, Wright says
Economy