Venezuela opens oil sector to private investment, potentially allowing US companies to return

Venezuela has eased state control over its oil sector, allowing private investment. This move follows recent US actions and could pave the way for US oil companies to return. The new law signed by Venezuela's interim president opens the door for private firms to invest in the nation's petroleum industry. This signifies a significant shift in the country's energy policy. The implications of these changes for both Venezuela and the United States are a subject of ongoing discussion among energy analysts.