Energy Expert Warns Venezuela’s 65 Billion-Barrel Oil Deal Won’t Fix Supply Anytime Soon

Energy Expert Warns Venezuela’s 65 Billion-Barrel Oil Deal Won’t Fix Supply Anytime Soon

Venezuela sits on a staggering share of the world's proven oil reserves, and a new U.S. deal just handed American companies a major stake in them. But one energy expert says investors may be wildly misjudging when any of that oil actually reaches the market.

Venezuela oil deal won't help gas prices for years while Iran conflict drives them even higher

The U.S. oil agreement with Venezuela will take years to lower gas prices, and renewed strikes in the Strait of Hormuz are pushing costs higher.

Fact Check Team: Could the US-Venezuela oil deal help shortages and price spikes?

The Venezuela oil deal is enormous — but it does not mean the U.S. has suddenly added 65 billion barrels to its oil inventory.

The U.S. and Venezuela Ink ‘The Biggest Oil Deal in World History’

Current conditions: Dolly is no longer a tropical storm, but the remnants of the system are set to drench the northern Caribbean, especially the Leeward Islands, the British and U.S. Virgin Islands, and eastern Puerto Rico • One person died and at least 14 hikers are missing in flash floods in the Grand Canyon that forced airlifts on Sunday • In the Pacific, Tropical Storm Karina is rapidly strengthening into a hurricane, but it’s unlikely to ma…

Trump announces major oil deal with Venezuela, no immediate gas price drop

The deal may ease long-term oil supply constraints but won't quickly impact current high gas prices, highlighting geopolitical complexities. The post Trump announces major oil deal with Venezuela, no immediate gas price drop appeared first on Crypto Briefing .