U.S. Considers Lifting Venezuela's Sanctions To Help Oil Production

President Biden is considering lifting sanctions on Venezuela for direct oil supply, following a visit by US officials. However, experts doubt Venezuela can fill the void left by Russian oil due to its struggling industry. Venezuela's oil output has drastically decreased due to sanctions, corruption, and mismanagement. Despite supporting Russia's actions in Ukraine, President Maduro is open to discussions with the US, placing Venezuela in a complex diplomatic position.

What is the significance of the diplomatic relations between the U.S. and Venezuela since 2019?

What are the reasons experts believe Venezuela is unlikely to fill the oil supply void left by Russia?

What factors have contributed to the current low oil output in Venezuela?

What strategic considerations is the Biden administration weighing regarding Venezuela?

How has President Maduro responded to Russia's actions in Ukraine?