How Venezuela's oil decline happened

The US wants to control Venezuelan oil sales ‘indefinitely’ but the ‘catastrophic’ state of the Latin American nation’s crude facilities presents several hurdles. Plus, President Donald Trump banned institutional investors from buying single-family homes, and the UK and France pledged to deploy troops to Ukraine as part of sweeping US-backed security guarantees.

Mentioned in this podcast:

US seeks to control sales of Venezuelan oil ‘indefinitely’

The ‘catastrophic’ state of Venezuela’s oil facilities

Donald Trump moves to ban institutional investors from buying single-family homes

France and UK commit to deploying troops under proposed Ukraine peace deal

Credit: CNBC Television

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Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. 

Read a transcript of this episode on FT.com

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