Close Advertising Analysis: Why the US is interested in Venezuela’s oil Like About Share0 views0% 0 0Venezuela is sitting on the biggest known oil reserve in the world – so why hasn’t that translated into production, and why is the US so interested? CNN’s Rafael Romo explains. Date: January 5, 2026CNN biggest sitting Venezuela Related videos 8K 90% Floodwaters swept cabin down river 5K 80% Former US Navy helicopter commander on mysterious drone sightings 6K 95% Israeli citizen describes sheltering during Hamas attack 4K 90% Epstein wrote he knew Trump well enough to ‘take him down’ 3K 95% Crowds say goodbye to Kenyan leader at state funeral 4K 91% Johnson on committing to ACA subsidies vote: ‘We do a deliberative process’ 6K 94% Trump ends tariff exemption for low-value packages 6K 70% Officials identify suspect in California fertility clinic explosion Show more related videos