U.S. Energy Secretary: Venezuela Could Double Oil Output via New Deals

U.S. Energy Secretary Chris Wright stated during a Caracas visit that Venezuela's crude production could more than double in coming years through new investment deals with U.S. and foreign firms, adding downward pressure on oil prices. The claim is an official projection, not a confirmed production increase; refining capacity remains the key bottleneck for fuel prices. This signals potential U.S.-Venezuela energy rapprochement and a supply-side shift.