The price of a WTI barrel of oil rose 3.90% today to $58.17. This behavior occurs at a time when it is speculated that Venezuela, with the help of the United States, could begin to rebuild its oil infrastructure and increase production. In principle, at that international price, Venezuela will receive about $3,000 million in American products in exchange for the oil shipment announced by the President of the United States, Donald Trump. According to the annual report of the Organization of the Petroleum Exporting Countries (OPEC), with just over 303 billion barrels, Venezuela has the world's largest crude oil reserves. It is followed by Saudi Arabia (267.2 billion barrels), Iran (208.6 billion), Canada (163 billion) and Iraq (145.019 billion). The top 10 is completed, as shown in the attached chart, by the United Arab Emirates, Kuwait, Russia, Libya and the United States. In this scenario, Venezuelan oil production could revive with the arrival of North American companies, and thus the economy of the Caribbean country could flourish again. The market estimates that Venezuela could receive billions of dollars in the coming years from North American companies interested in extracting oil. Especially after President Donald Trump called on companies to put money into the Caribbean country following the arrest of Maduro. According to Chevron President Ali Moshiri, 'Venezuela can return to producing 1.5 million barrels per day in about 18 months - or less - with an investment of between $5,000 and $7,000 million.'
