Venezuela Oil Summit Draws Global Majors as Sector Reopens

Venezuela's first major oil industry event in decades, the Caracas International Oil & Gas Summit, is sold out with hundreds of foreign executives attending, nine months after a U.S.-backed administration replaced Maduro and pledged to open the world's largest oil reserves. The event signals accelerating foreign investment and a potential supply increase, though operational and political risks remain. This marks a significant shift in Venezuela's energy sector and could impact global oil markets.