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Oil reserves

PM Modi described Venezuela as a valued partner in Latin America and highlighted cooperation in energy, technology, critical minerals and Global South priorities.

PM Modi and Delcy Rodriguez discussed a long-term India-Venezuela energy partnership, along with trade, investment and sectoral cooperation.

Pakistan has potential in oil and shale gas, but high costs, security risks, and past setbacks limit progress and deter investors.

US President Biden answers a question at the White House in Washington, DC, after announcing the release of oil from the US Strategic Petroleum Reserves. (Photo: Reuters)