Aztec Brief

Venezuela holds the world’s largest proven oil reserves, but decades of underinvestment, sanctions and collapsing infrastructure mean production has plunged — and while Trump says US firms will spend billions to reverse the decline, any significant boost in output will take years.

The Competition and Markets Authority (CMA) has launched investigations into 8 major firms and issued warning letters to 100+ others over suspected misleading online pricing, hidden fees, and pressure-selling tactics.