What are the implications of the US-Venezuela oil deal?

play videoVideo Duration 28 minutes 00 seconds play-arrow28:00Opposition in Venezuela as interim leader insists the deal with Washington will help with the country’s recovery.

A new deal between Caracas and Washington would give US companies access to more than a fifth of Venezuela’s vast oil reserves.

But there’s opposition in Venezuela, as well as debate about whether the plan is legal.

What could the agreement mean?

Jose Chalhoub – political risk and oil analyst

Cornelia Meyer – commodity specialist and CEO of Meyer Resources

Francisco Rodriguez – senior research fellow at the Center for Economic and Policy Research at the University of Denver, former head of the Economic and Financial Advisory of the Venezuelan National Assembly