Council on Foreign Relations 147d ago

“The [oil] grade that Venezuela produces is exactly the grade that the United States needs," argues Natasha Kaneva, managing director for global oil and commodities research at JP Morgan Chase & Co. in a recent conversation on commodity markets. "70% of the Gulf Coast refining capacity is built to take Venezuelan oil. It’s heavy crude. That’s exactly what we need. So if you look at that and you say, ‘OK, actually, it makes a lot of sense for us, one way or another, to get involved in Venezuela,’” Kaneva says. Watch the full event: https://www.cfr.org/event/year-ahead-commodity-markets Subscribe to our channel: https://goo.gl/WCYsH7 This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy. Visit the CFR website: http://www.cfr.org Follow CFR on X: http://www.twitter.com/cfr_org Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/