The Times of India News

Trump says US to 'run' Venezuela, tap its crude reserves: Why it won't matter much for India's oil bill

US President Donald Trump has said America is taking temporary control of Venezuela, aiming to tap its vast oil reserves. Despite holding the world's largest crude reserves, Venezuela's oil output is unlikely to see a significant boost for years due to political instability and decaying infrastructure. India's exposure remains minimal due to low trade and diversified sourcing.