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President Trump said Friday the United States had reached an agreement with Venezuela giving Washington majority control of more than 65 billion barrels of proven Venezuelan oil reserves, calling it the “biggest oil deal in world history” [npr.org#1][pbs.org#1][boston.com#1][aljazeera.com#2][gulfnews.com#1][aawsat.com#2][theguardian.com#1]. Trump said Secretary of State Marco Rubio and Defense Sec
Trump said the deal was negotiated by Secretary of State Marco Rubio, Defence Secretary Pete Hegseth and Venezuela's interim President Delcy Rodriguez. He announced the agreement in a social media post. The announcement comes almost nine months after the US military, acting on Trump's orders, carried out an operation to capture Venezuela's President Nicolás Maduro. Maduro was taken to the US to fa
The announcement of the deal comes nearly nine months after the U.S. military at Trump's direction carried out an operation to capture Venezuela's president Nicolás Maduro and spirit him to the United States to face federal narcoterrorism and drug trafficking charges.
President Trump said Friday the United States had reached an agreement with Venezuela giving Washington majority control of more than 65 billion barrels of proven Venezuelan oil reserves through a partnership with private business, calling it "the biggest oil deal in world history" [scmp.com#1][ft.com#1][boereport.com#1][theguardian.com#1][npr.org#1][pbs.org#1]. He said Secretary of State Marco Ru
President Trump said Friday that the United States had reached an agreement with Venezuela giving the U.S. majority control of more than 65 billion barrels of proven Venezuelan oil reserves, describing it as “THE BIGGEST OIL DEAL IN WORLD HISTORY” in a Truth Social post [thehill.com#1][cbsnews.com#1][pbs.org#1][boston.com#1][nypost.com#1][npr.org#1][theguardian.com#1][cnbc.com#1]. Trump said Secre
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President Trump said Friday the U.S. has struck a deal with Venezuela to take control of oil fields with 65 billion barrels of reserves. Why it matters: The unprecedented deal vastly increases U.S. energy security and dominance in the Western Hemisphere. Axios first reported the deal was in the offing Thursday. Zoom in: The details have yet to be released, but a source familiar described the unort
President Trump said the United States reached an agreement with Venezuela giving Washington majority control of more than 65 billion barrels of proven Venezuelan oil reserves through a private partnership, calling it the “biggest oil deal in world history” and saying it would come at no cost to U.S. taxpayers [abc.net.au#1][aljazeera.com#2][bbc.co.uk#1][theguardian.com#1][npr.org#1]. Trump said S
President Trump said Friday that the United States had reached an agreement with Venezuela giving the U.S. majority control of more than 65 billion barrels of proven Venezuelan oil reserves. He said Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez negotiated the arrangement with private businesses [bbc.co.uk#1][businessinsider.com#1][
US President Donald Trump has claimed the US and Venezuela have reached the ‘biggest oil deal in world history’.
President Trump said the United States has reached an agreement with Venezuela that would give Washington majority control over more than 65 billion barrels of proven Venezuelan oil reserves, a volume described as roughly one-fifth of Venezuela’s reserves and enough, Trump said, to more than double U.S. oil reserves [theguardian.com#1][abc.net.au#1][elpais.com#1][expansion.com#1]. Trump said Secre
"Trump announces ‘biggest oil deal in world history’ with Venezuela; deal secures majority US control of more than 65 billion barrels of proven oil reserves in Venezuela." NOTE: This proposed 100-year concession is for ~ 65 billion barrels, with a reported U.S. effective interest in roughly 35.75 billion barrels—not the largest oil deal in history # News # Politics # Nato # TradeWar # Canada # USA
President Trump said the United States reached an agreement with Venezuela giving Washington majority control over more than 65 billion barrels of proven oil reserves. He said Secretary of State Marco Rubio and Defense Secretary Pete Hegseth negotiated the deal with interim Venezuelan President Delcy Rodríguez through a private-business partnership at no cost to U.S. taxpayers [cbsnews.com#1][pbs.
A "deal" and "take control" don't belong in the same sentence. AP: Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves https:// apnews.com/article/trump-venez uela-oil-reserves-eb0ed5a1e99602c21a7f690c3368020e @ AssociatedPress
Democratic leaders slammed Friday's announcement by President Trump on a new deal to acquire majority U.S. control of over 65 million barrels of Venezuelan oil. “Let's be clear: this isn't a win,” Maryland Sen. Chris Van Hollen (D) wrote in a social media post. “This is proof Trump put our service members at risk to...
President Trump said Friday that the United States reached an oil agreement with Venezuela that would give Washington majority control over more than 65 billion barrels of proven reserves through a partnership with private business. Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela acting President Delcy Rodríguez were involved in the talks [gpb.org#1][theguardian.com#1]
President Trump said Friday that the United States had reached an agreement with Venezuela giving Washington majority control of more than 65 billion barrels of proven oil reserves. He said Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodríguez negotiated the deal through private business [theguardian.com#1][gpb.org#1][bbc.co.uk#1][cbsnews.
President Trump said the United States had reached an agreement with Venezuela giving Washington majority control of more than 65 billion barrels of proven Venezuelan oil reserves through a partnership with private business and at no cost to U.S. taxpayers [cbsnews.com#1][bbc.co.uk#1][pbs.org#1][gpb.org#1][theguardian.com#1]. A U.S. official said the arrangement creates a joint venture between the
Venezuelan interim President Delcy Rodriguez said the newly announced U.S.-Venezuela energy agreement will run for 25 years, develop 17 strategic oilfields and target crude output of more than 1.5 million barrels per day while preserving Venezuelan ownership and sovereignty over natural resources [boereport.com#1][thehindu.com#1][dailysignal.com#1][bbc.co.uk#1]. President Trump said Friday the Uni
In a landmark move, the United States and Venezuela have forged a 25-year energy partnership designed to uplift Venezuela's ailing oil sector and enhance production capabilities. Under this agreement, rights to unexplored oil reserves will be held for a century, with the U.S. claiming fifty-five percent of the new venture's output. This collaboration promises to inject significant investments and
Venezuela’s acting President Delcy Rodríguez said the country retains ownership and sovereignty over its oil resources and that its energy agreement with the United States lasts 25 years, after President Trump claimed Washington had secured majority control over more than 65 billion barrels of Venezuelan oil reserves [swedenherald.com#1][dagensps.se#1][abc.net.au#2][lemonde.fr#1]. Trump announced
Venezuela’s interim President Delcy Rodriguez says the country is preserving its sovereignty despite the announcement that it will hand over the rights to billions of barrels of its oil to the United States. # news # usa # Venezuela # oil # trump
Venezuelan hardliners and opposition forces alike criticised acting president Delcy Rodriguez for agreeing to grant the US exclusive access to the country’s valuable oil resources. She may be betting that the deal with US President Donald Trump is her ticket to a tighter grip on power. One potential advantage for Rodriguez is if the deal to give the US majority control over 65 billion barrels of V
US President Donald Trump has called it “the biggest oil deal in world history”, while Venezuela’s interim president has assured the public that the country will retain control of its oil under the agreement. The “historic” 25-year deal with Washington involves 65 billion barrels of Venezuelan oil and aims to allow the country to develop its oil industry while preserving “ownership of and sovereig
President Trump this weekend announced a new deal for the U.S. to acquire majority control of over 65 million barrels of Venezuelan oil, which has prompted a mixed response on the home front. Senate Democrats slammed the deal, describing the move as putting private profits over the safety of U.S. soldiers. GOP Sen. Bernie Moreno (Ohio) countered...
Venezuelan interim President Delcy Rodríguez on Saturday provided details on her country's new oil deal with the U.S., after President Trump said much of Venezuela's oil reserves will be under "majority U.S. control." "This 25-year bilateral project envisages the development of 17 strategic oilfields with a production target of more than 1.5 million barrels per...
Deal that will reportedly see US take control of 65bn barrels of Venezuelan oil has provoked outrage in her country Venezuela’s interim president, Delcy Rodríguez, has defended her government’s highly controversial energy deal with Donald Trump, insisting the South American country will maintain ownership and sovereignty over its massive oil reserves. Rodríguez, who assumed power in January after
President Trump said the United States reached an agreement with Venezuela giving American interests majority control of more than 65 billion barrels of proven oil reserves through a partnership with private business, a claim he described as “the biggest oil deal in world history” [nytimes.com#1][cnbc.com#1][bbc.co.uk#1][caribbeannews.net#1]. The White House had released little beyond Trump’s soci
President Trump said the United States had secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves through a partnership with private companies, calling the agreement announced Friday the biggest oil deal in world history [semafor.com#1][cnbc.com#1][bbc.co.uk#1][caribbeannews.net#2][allsides.com#2]. Venezuela’s interim President Delcy Rodríguez said the bilatera
President Trump said Sunday the U.S. will “fill up” the Strategic Petroleum Reserve (SPR) as a result of the oil deal his administration reached with the Venezuelan government. “One of the things I am going to do with the Venezuelan Oil is fill up the Strategic National Reserves,” Trump wrote on Truth Social, adding the...
US President Donald Trump announced Friday that the US had secured majority control over more than 65 billion barrels of Venezuela’s oil reserves, expanding Washington’s influence over the country’s energy industry.
President Trump’s administration released details of a Venezuela oil agreement under which North American Blue Energy Partners would receive long-term rights to 17 oil fields with about 65 billion barrels of reserves, roughly one-fifth of Venezuela’s proven oil reserves [energyconnects.com#1][cbsnews.com#1][aaj.tv#1][greaterkashmir.com#1]. The White House said the United States would take a 35% eq
President Donald Trump plans to seize direct control of Venezuela’s oil reserves, announcing that a deal had been reached with Venezuela’s interim President Delcy Rodríguez in which the US will control more than 65 billion barrels of oil “through a partnership with private business.” Anthony Di Paola reports on Bloomberg Television. (Source: Bloomberg)
President Donald Trump says Venezuela has agreed to give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost.
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President Trump announced a deal to have majority control of more than 60 billion barrels of proven Venezuelan oil reserves. Amy Jaffe, the director of the Global Energy, Climate, and Sustainability Lab at New York University, joins CBS News with more.
President Donald Trump is framing the deal for a US stake in 65 billion barrels of Venezuelan oil as a victory that will lower gasoline prices and replenish depleted crude reserves. It’s far from certain the plan will lead to either during his presidency — if at all.
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President Trump will meet U.S. oil refining and fuel distribution executives at the White House on Tuesday, September 1, to discuss gasoline prices that remain above $4 a gallon after disruptions tied to the war with Iran [scmp.com#1][boereport.com#1][energynow.com#1][brecorder.com#1][minutemirror.com.pk#1][thenews.com.pk#1][jtbc.co.kr#1][yna.co.kr#1][yna.co.kr#2][nacion.com#1][capital.gr#1][infob
President Trump announced last week that the U.S. would team up with a Venezuelan company to pump oil from a large swath of the South American nation's reserves — but actually getting that petroleum out of the ground could come with significant hurdles. Announcing the agreement with Venezuela on Friday evening, Trump said it would “substantially...
The White House released details of President Trump’s Venezuela oil agreement, saying North American Blue Energy Partners, a private company led by Venezuelan executive Alejandro Betancourt, received 100-year concessions to 17 oil fields with about 65 billion barrels, roughly one-fifth of Venezuela’s proven reserves [cbsnews.com#1][energyconnects.com#1][perthnow.com.au#1][aaj.tv#1]. The structure
President Trump announced an unprecedented agreement in which the Pentagon would become an investor in a private company granted exclusive oil development rights in Venezuela. Nick Schifrin discussed the deal with Francisco Monaldi, director of the Latin America Energy Program for the Baker Institute at Rice University.
SECURING STABLE & LOW-COST OIL SUPPLY IN OUR HEMISPHERE: In the biggest oil deal in world history, President Donald J. Trump has secured U.S. majority control of more than 65 billion barrels of proven oil reserves in Venezuela – vastly expanding our current U.S. territorial proven reserves of roughly 46 billion barrels. This deal secures […] The post Fact Sheet: President Donald J. Trump Announces
The White House said President Trump’s Venezuela oil agreement would rely on North American Blue Energy Partners and grant the private company 100-year concessions for 17 Venezuelan oil fields with about 65 billion barrels of proven reserves, roughly one-fifth of Venezuela’s total [cbsnews.com#1][energyconnects.com#1][perthnow.com.au#1][ltn.com.tw#1]. Under the structure described by the White Hou
President Donald Trump’s White House has called it the “biggest oil deal in history:” An agreement with Venezuela for the US to take control of more than 65 billion barrels of the nation’s crude reserves.
The White House released new details of President Trump’s Venezuela oil agreement, saying North American Blue Energy Partners will receive 100-year concessions for 17 oil fields with about 65 billion barrels of proven reserves, roughly one-fifth of Venezuela’s reserves [cnbc.com#1][energyconnects.com#1][cbsnews.com#2][aaj.tv#1][perthnow.com.au#1]. Under the structure, the U.S. Defense Department,
The White House released terms for President Trump’s Venezuela oil agreement, saying North American Blue Energy Partners will receive 100-year concessions over 17 Venezuelan oil fields holding about 65 billion barrels, roughly one-fifth of the country’s proven reserves [energyconnects.com#1][cbsnews.com#1][aaj.tv#1][michaelwest.com.au#1]. Under the structure, the U.S. government will receive a 35%
President Trump's historic Venezuelan oil deal revolves around a colorful and controversial man from Caracas with a long history of supporting U.S. interests — including the operation to remove former strongman Nicolas Maduro. Why it matters: Alejandro Betancourt, 46, runs the oil company that's entering into an unprecedented partnership with the Pentagon. It gives America access to some of Venezu
Venezuela’s ruling-party-dominated National Assembly backed an oil agreement with the Trump administration on September 1, clearing the way for the United States to gain access to about one-fifth of Venezuela’s oil reserves ahead of a planned signing during U.S. Energy Secretary Chris Wright’s visit to Caracas on September 2 [energynow.com#6][aawsat.com#2][globo.com#1]. The White House terms grant
The White House has published the terms of its Venezuela oil deal, naming the private company at its centre and confirming Washington's majority control of more than 65 billion barrels, as President Trump vowed the US would be taking "all" of it.
The Trump administration unveiled additional details Monday evening about its new oil deal with Venezuela. The administration said in a press release that the Pentagon’s Office of Strategic Capital will take a 35 percent equity stake in North American Blue Energy Partners, a private company that is Venezuela’s second-largest private oil producer. It added that the...
US President Donald Trump on Friday announced "the biggest oil deal in world history" – a new deal with Venezuela for "65 billion barrels of oil". Washington is rumoured to be working in partnership with controversial Venezuelan oil tycoon Alejandro Betancourt, who made his fortune under the Chavista regime.
White House frames Venezuela's massive oil deal as a vehicle for "democratic transition," calling private-sector investment "a key precondition to driving continued reform." U.S.-sponsored talks have reportedly produced judicial reforms and political prisoner releases. But no election timeline exists. The deal itself: 100-year concessions on 17 oil fields with 65 billion barrels, Pentagon gets 35%
U.S. officials are defending their work with Venezuelan businessman Alejandro Betancourt in the unprecedented White House move to effectively gain control over huge oilfields in the country. Why it matters: Betancourt is the colorful and controversial figure who heads North American Blue Energy Partners (NABEP), the oil company partnering with the administration in the agreement that gives the U.S
Venezuela’s government-dominated National Assembly on Tuesday approved a multibillion-dollar oil agreement that grants the United States control over about one-fifth of the country’s reserves, after President Trump announced the pact last week as a way to lower US energy prices and increase access to Venezuelan crude [euronews.com#1][iraqinews.com#1][aawsat.com#2][perfil.com#1]. US Energy Secretar
Venezuela’s ruling party-dominated National Assembly on Tuesday backed an oil agreement that would give the United States control over about one-fifth of Venezuela’s reserves, with a signing planned for Wednesday after U.S. Energy Secretary Chris Wright arrived in Venezuela [thejournal.ie#1][energynow.com#3][euronews.com#2][rts.ch#1]. The White House says North American Blue Energy Partners, a pri
Government talks up pact but Venezuelan opposition alarmed that democracy yet to return after Maduro exit Trump administration officials on Tuesday defended a highly contentious deal giving the US control of a significant chunk of Venezuelan oil reserves, arguing that the sweeping agreement would help stabilize and rebuild democracy in the shattered South American country while giving Washington v
Venezuela’s National Assembly on Tuesday approved an energy agreement that gives the United States control of, or preferential access to, roughly one-fifth of Venezuela’s proven oil reserves, after President Trump announced the arrangement Friday and the White House released deal terms Monday [euronews.com#1][perfil.com#1][france24.com#1][dawn.com#1]. The pact centers on North American Blue Energy
Venezuela's parliament has approved handing the US control of a fifth of its oil reserves, cementing Washington's grip on a government it helped install after toppling President Nicolas Maduro in January.
📰 Venezuela hands the US control over a fifth of its oil in landmark deal Venezuela's parliament has approved handing the US control of a fifth of its oil reserves, cementing Washington's grip on a government it helped install after toppling President Nicolas Maduro in January.... 🔗 http://www. euronews.com/business/2026/09/ 02/venezuela-hands-the-us-control-over-a-fifth-of-its-oil-in-landmark-d
Chevron said Wednesday it will invest more than $7 billion in Venezuela over the next five years after receiving additional acreage in the Orinoco Belt, part of joint-venture plans to more than double its output there to about 600,000 barrels per day [euronews.com#1][pbs.org#1][cbsnews.com#1][boereport.com#1]. The announcement followed President Trump's Aug. 28 oil agreement with Venezuela, which
CHAPEL HILL, N.C. — Trump administration officials came to this week's G20 innovation summit to project a united front on U.S. AI leadership. But tensions between the Commerce Department and the White House's tech policy shop are playing out behind the scenes. Why it matters: The Trump administration wants the world to follow its lead on AI policy, even as it grapples with divisions at home. Drivi
US Energy Secretary Chris Wright landed in Venezuela on Tuesday ahead of a signing ceremony for a landmark oil deal between the US government and Venezuela. The deal would see the US create and control a private company that will hold 65 billion barrels in proven oil reserves. This agreement is also meant to encourage other US energy firms to invest in the country, in spite of serious challenges.
While Venezuela isn’t the powerhouse oil producer it used to be, the country nonetheless has some of the world’s largest oil reserves. When the US seized then-Venezuelan President Nicolás Maduro on Jan. 3, US President Donald Trump was clear that the raid was as much about oil as it was about the narco-terrorism and drug charges leveled against the strongman leader now being held in a federal jail
Stephen Schork, principal and editor at The Schork Group, discusses the Trump administration’s plans to take majority ownership of more than 65 billion barrels of Venezuela’s oil reserves. He also looks at refining capacity in the US and the levels of the strategic oil preserve. (Source: Bloomberg)
Italian energy producer Eni SpA aims to eventually boost production from its Venezuelan operations to more than 1 million barrels a day, a figure that includes volumes from state-owned Petróleos de Venezuela SA, according to people familiar with the matter, a potentially significant boost to US President Donald Trump’s effort to revive the country’s battered crude industry.
Energy secretary Chris Wright denies US seeking to ‘take’ country’s oil, saying deal is ‘transformation’ of relations The US energy secretary, Chris Wright, has denied Washington is seeking to commandeer huge quantities of Venezuelan oil, amid growing criticism of Donald Trump’s energy deal with the country’s interim leaders. “Absolutely not,” Wright replied when asked by a CNBC journalist if the
Chevron said Wednesday it reached updated terms with Venezuela for its joint ventures and plans to invest more than $7 billion over the next five years, aiming to more than double Venezuelan output to about 600,000 barrels per day from 2026 levels [energynow.com#1][energynow.com#2][ogj.com#1][cbsnews.com#1][fastcompany.com#1][boereport.com#1]. The company said the agreements improve fiscal, commer
Chevron said it will invest more than $7 billion over five years in Venezuelan joint ventures, aiming to lift its output there to about 600,000 barrels per day, more than double its expected 2026 level [pbs.org#1][caribbeannews.net#1][perthnow.com.au#1][fastcompany.com#1][cbsnews.com#1][larepublica.co#1][boereport.com#1][ogj.com#1]. The Houston-based company said its Petroindependencia venture, in
this outlet adds: next, agreeing, updated, terms, receiving, additional, acreage, aims
https:// lokmarg.com/trump-announced-th e-biggest-oil-deal-in-world-history-with-venezuela/
Data: Gallup ; Chart: Avery Lotz/Axios Americans' perceptions of government corruption have hit a 20-year high following President Trump's return to office, a new Gallup survey found. Why it matters: The results signal a deepening crisis of confidence in the federal government as trust in U.S. institutions already hovers near an all-time low. By the numbers: 89% of U.S. adults say government corru
US President Donald Trump said on Wednesday that Venezuela does not yet meet the conditions to call elections, five days after announcing the agreement granting Washington majority control over a fifth of the country's oil reserves for a century.
"Balance of Power" focuses on the intersection of politics and global business. On today's show, Rep. Jim Himes, the top Democrat on the House Intelligence Committee, says he does not believe Iran's regime is on the verge of collapse and warns that additional economic pressure could produce "blowback" on American consumers through higher energy and goods prices. Bloomberg's Joe Mathieu interviews
President Trump has secured the biggest oil deal in world history, delivering U.S. majority control of more than 65 billion barrels of proven oil reserves in Venezuela – vastly expanding our current U.S. territorial proven reserves of roughly 46 billion barrels. President Trump’s bold foreign policy is driving America First wins: this deal greatly increases America’s oil […] The post President Tru
Chevron said it will invest more than $7 billion over five years in its Venezuelan joint ventures after receiving additional acreage in the Orinoco Belt, with a target of lifting output to about 600,000 barrels a day [pbs.org#1][npr.org#1][cbsnews.com#1][fastcompany.com#1][boereport.com#1]. The announcement followed President Trump's Aug. 28 disclosure of a separate U.S.-Venezuela oil agreement th
Leading financial analysis firms have tempered the White House's forecasts on the Venezuelan oil agreement announced by Donald Trump on Friday, which grants a company part-owned by the US government control of seventeen fields holding some 65 billion barrels of reserves for a hundred years.
TRUMP'S GRAND THEFT The Trump regime officially signs oil deal with Venezuela. The US now has control over 65 billion barrels of Venezuelan oil. # AureFreePress # News # uspol # uspolitics # Venezuela
The United States has successfully negotiated a deal to import Venezuelan oil, aiming to replenish its reserves with a consistent supply of affordable crude. While the long-term implications for American drivers remain ambiguous, the deal's effect may not be felt for several months. The arrangement involves significant untapped oil fields and a private company, but future political developments in
Venezuelan bonds have jumped since the Trump administration moved to take control of a huge swath of the country’s oil reserves, with investors factoring in the prospect of higher crude production as they await a debt restructuring that could top $200 billion.
Venezuela’s opposition leader María Corina Machado stopped short of criticizing a major oil agreement between the country’s interim authorities and the Trump administration, while questioning acting President Delcy Rodríguez’s authority to negotiate it.
US energy firms on Wednesday signed a raft of multi-billion-dollar deals with Venezuela, days after the South American country agreed to grant the United States control of a huge chunk of its vast oil reserves. President Donald Trump has talked up the agreement on Venezuela's oil reserves as the "biggest oil deal in world history." But the deals have raised major questions about Venezuela's sovere
María Corina Machado says interim government does not have democratic mandate to negotiate natural resources The Venezuelan opposition leader, María Corina Machado, has questioned Donald Trump’s oil deal with Venezuela’s interim government, declaring that the country’s natural resources do not belong to “an illegitimate regime”. In her first public comments since Trump announced what he called “th
He couldn't legally leave the UK three months ago. Now he's Trump's oil partner. Alejandro Betancourt still carries a Swiss arrest warrant over money laundering allegations — yet controls 17 Venezuelan oil fields and 65 billion barrels in reserves under a deal Trump calls historic. We investigated how he got there, and whether the Trump family profits. Read it: 👉 https://www. patreon.com/Free_Pre
President Trump announced a U.S.-Venezuela oil arrangement that would give Washington control of or preferential access to roughly one-fifth of Venezuela’s oil reserves, including 17 fields with about 65 billion barrels of crude, after acting President Delcy Rodríguez agreed to the pact last week [theweek.com#1][japantoday.com#1][pbs.org#1][abcnews.com#1][aljazeera.com#1][reason.com#1][talcualdigi
The White House is at odds with some private sector analysts over how much oil is leaving the Strait of Hormuz — but it will take weeks until the picture of what's truly getting through becomes clear. Why it matters: How much oil exits the waterway sways the price of gasoline and other consumer products. The White House is claiming success in forcing open the world's most important energy chokepoi
The Trump administration’s deepening involvement in Venezuela — first with the ouster of longtime leader Nicolás Maduro and now with a deal to take a stake in its oil industry — could complicate China’s strategy in Latin America.
President Donald Trump has boasted that his sweeping oil accord with Venezuela — effectively giving the US control over much of the nation’s crude wealth — is possibly “the greatest deal ever made.”
President Trump’s administration structured a 35% U.S. government position in North American Blue Energy Partners as “penny warrants,” giving Washington the right but not the obligation to buy equity later at a token price while protecting the stake from dilution as the company raises capital, a U.S. official told Reuters [boereport.com#1][albertonews.com#1]. NABEP, controlled by Venezuelan busine
A man with an active Swiss arrest warrant for money laundering now runs "the biggest oil deal in history" alongside the U.S. Pentagon and State Department. Senior Trump officials personally intervened with Swiss prosecutors to clear his path. He controls 17 Venezuelan oil fields, 65 billion barrels in reserves. Congress wants answers on who profits. We got there first. Read the investigation: 👉 h
US oil executives say they were blindsided by the Trump administration’s Venezuela deal, which gives North American Blue Energy Partners access to fields that other companies had been pursuing. Bloomberg News White House Reporter Jennifer Dlouhy and Wall Street Journal National Security Reporter Vera Bergengruen are on Bloomberg This Weekend and say industry figures are also questioning whether th
President Trump’s administration has reached a long-term oil agreement with Venezuela that gives the Pentagon’s Office of Strategic Capital a 35% stake in North American Blue Energy Partners, the company led by Venezuelan businessman Alejandro Betancourt. The deal also gives the State Department the right to buy 20% of NABEP’s oil at production cost and preferential access to the remaining output
President Trump’s administration has entered an oil arrangement with Venezuela that gives the Pentagon’s Office of Strategic Capital a 35% stake in North American Blue Energy Partners, a private company led by Venezuelan businessman Alejandro Betancourt, while the State Department gains the right to buy 20% of the company’s output at production cost and preferential access to the rest [cnbc.com#1]
The Trump administration’s Venezuela oil deal puts the federal government in business with a controversial figure from the South American nation. Recent reporting links North American Blue Energy Partners’s Alejandro Betancourt to multiple investigations. But administration officials have defended their partnership, saying that Betancourt is a proven operator in Venezuela’s energy sector. Late las
Energy Secretary Chris Wright said on Sunday that the U.S. has “a lot of leverage” over Venezuela after the Trump administration reached a deal with the latter government to grant it control of more than 65 billion barrels of oil. “We have a lot of leverage over Venezuela. We control the sale of oil outside...
finance.yahoo.com/markets/arti... President Trump says a newly announced oil deal with the Venezuelan government will "fill up" the US government's Strategic Petroleum Reserve (SPR). But an array of issues suggests it won't be quite t...
Venezuela’s government said it retains “control and ownership” of its oil under a U.S.-Venezuela agreement to develop part of the country’s crude reserves, while President Trump has described the deal as giving the United States majority control over more than 65 billion barrels of proved reserves [rtp.pt#1][krdo.com#1][lanacionweb.com#1]. Venezuelan Hydrocarbons Minister Paula Henao said the agre
Venezuelans are deeply divided over the Trump administration’s oil deal with the country’s interim authorities, with half saying the agreement will benefit the US more than Venezuela.
On Tuesday, a widely cited psychologist took to YouTube to raise the alarm regarding “more highly concerning behavior” from President Donald Trump. According to Dr. John Garrison, Trump’s recent actions suggest “steep neurological decline” and a dangerously “manic-like state.” Garrison began by playing a clip from a recent Fox News interview, in which Trump declared that the price of oil is “going
When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it “the biggest oil deal in history”. The White House fact sheet provided the details: NABEP’s 100-year concessions on 17 oilfields with 65 billion barrels of pr
The Trump administration is seeking greater access to Venezuela’s mineral wealth, especially gold, after expanding U.S. influence over the country’s oil sector, Reuters reported, citing sources [energynow.com#1][oilprice.com#1][antena3.ro#1][businessam.be#1]. Caracas is seeking foreign investment while Washington looks to deepen its economic influence over Venezuela’s broader resource sector [ener
President Trump said Wednesday that oil prices, which have surged during the U.S.-Iran war, probably will not fall significantly until after the U.S. midterm elections in November [pbs.org#1][seattletimes.com#1][newsday.com#1][wfla.com#1][aaj.tv#1][stuff.co.nz#1][lefigaro.fr#1][bbc.co.uk#1][dailypakistan.com.pk#1][globo.com#1][cna.com.tw#1][politico.com#1][minutemirror.com.pk#1]. Brent crude rose
The nation's election system is in a messy legal limbo, with fights over mail-in voting , electoral maps and voter records still locked in court. Why it matters: Americans are in the eye of the storm, with over half saying they don't think the 2026 midterms will be conducted fairly or are unsure, according to a new poll. President Trump insists his push to reform America's elections will protect t
Trump touted the new Venezuela oil deal at the Republican convention, declaring: Venezuela, which we’ve just added to our little stockpile … 65 billion barrels are ours.
The Pentagon is taking a stake in a private Venezuelan oil company in what President Trump called “the biggest oil deal in world history.” On the Big Take podcast we break down what we know about the plan so far and what may be the motivation behind it. Listen wherever you get your podcasts. (Source: Bloomberg)
Trump: We took over Venezuela’s oil — 65 billion barrels of oil.
US President Donald Trump lands in Ireland under tight security on Saturday for two days of diplomacy and golf, on a trip that again blurs the lines between his presidency and personal business interests. At least 4,000 police and other personnel, including snipers, have been mobilised for the visit, in what has been dubbed one of the biggest security operations ever mounted in Ireland. Trump spok