The capture of former Venezuelan president Nicolás Maduro by the US intelligence services and armed forces has resulted in a frenzy of speculation about its consequences. But there is no doubt that the events were closely linked to the oil riches of the country. While the political situation in Venezuela remains fluid, there is far more certainty about its position as an oil producer.
For a start, Venezuela has one of the highest proven oil reserves in the world. The number frequently thrown around is 300 billion barrels, more than any other country, including Saudi Arabia.
