Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
Trump said the agreement would more than double U.S. oil reserves and bring nearly $100 billion in private investment to Venezuela, officials said.
- On Friday, President Donald Trump announced an oil agreement with Venezuela, securing majority U.S. control of more than 65 BILLION BARRELS of proven oil reserves at no cost to American taxpayers.
- Washington has sought stable crude supplies since removing former President Nicolas Maduro in January, aiming to replenish the Strategic Petroleum Reserve and promote investment in the OPEC nation's deteriorated energy sector.
- Secretary of State Marco Rubio and Secretary of War Pete Hegseth negotiated the deal alongside Interim President Delcy Rodriguez, with Trump claiming they secured "majority U.S. control of more than 65 BILLION BARRELS."
- Facing pressure ahead of midterm elections scheduled later this year, the administration hopes to ease rising gasoline prices through cheaper oil supplies and expanded Venezuelan output.
- Venezuela's energy industry currently produces 1.25 million barrels per day; the agreement aims to revitalize this deteriorated sector while integrating it into broader American energy strategy.
462 Articles
462 Articles
United States President Donald Trump announced an oil agreement with Venezuela that would give the United States control over more than 65 billion barrels of confirmed oil reserves, describing it as the largest oil deal in the history of the world.
The South American country with perhaps the largest oil reserves in the world is expected to help lower prices ahead of crucial US congressional elections.
Although some experts consider the agreement to be highly beneficial to both parties, uncertainty arises as to whether it could play in favor of Rodriguez and his regime in their intention to remain in power.
Donald Trump secures 'biggest oil deal in world history' with Venezuela to slash fuel prices for millions of Americans
Donald Trump has declared that the US has struck the "biggest oil deal in world history" with Venezuela as he vowed the agreement would slash fuel prices for Americans.The US President said the agreement would give America access to more than 65 billion barrels of proven Venezuelan crude reserves.Mr Trump announced the deal on his Truth Social platform on Friday evening, claiming it would "more than double" American oil reserves.He credited Secr…
Coverage Details
Bias Distribution
- 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
