The enormous investments that the US and Venezuela have promised from their new oil production deal have brought cautious optimism that Venezuelans face a new period of prosperity after more than a decade of economic and social turmoil.

Venezuela’s acting president, Delcy Rodríguez, described the deal as a step toward economic recovery that would modernise the country’s oil industry. | World News

El acuerdo petrolero de Venezuela promete dólares y empleo, pero la letra pequeña garantiza que el dinero se quedará en un circuito cerrado.