Trump seeks to refill US oil reserve with Venezuela deal but faces long delay

U.S. President Donald Trump said on the 30th (local time) that he would refill the U.S. Strategic Petroleum Reserve, which has been depleted with Venezuelan crude. The plan is to secure reserve stocks through large-scale oil field development recently agreed to with Venezuela, but the prevailing view is that it will be difficult to realize in the short term. On this day, President Trump said on the Truth Social social media platform (SNS), “One of the things I will do with Venezuelan oil is fill up the Strategic Petroleum Reserve, which has been effectively depleted by ‘Sleepy Joe Biden,'” adding, “The work to fill the reserve to the brim wi…