Agence France-PresseMarch 15, 2013 11:00
Woe is Venezuela, sitting atop the world's largest oil reserves. Production is down and its top customer, the United States, is buying less.
So here comes China to the rescue, among others, as Venezuela seeks to diversify its markets.
Under the late Hugo Chavez, Washington and Caracas had a difficult diplomatic relationship, and they have had no ambassadors in each other's capital since 2010.
But oil makes the world go round and a buck is a buck, so pragmatism prevailed. The US remained the main destination for Venezuelan oil.