Part 14/17:
Amid the turmoil, the US has shifted its stance toward oil-producing countries like Venezuela and Saudi Arabia, seeking to reduce dependence on Russian energy imports. Sanctions on Venezuela, imposed during the Trump era, devastated its oil industry—once producing over 3 million barrels daily, with the US as a major importer. Recent easing of sanctions under President Biden has reopened the door for American companies like Chevron to resume operations, aiming to boost Venezuelan oil output to over a million barrels per day over time.