https://www.live-feeds.com/feed/us-in-talks-with-venezuela-to-take-major-stake-in-oil-fieldsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-in-talks-with-venezuela-to-take-major-stake-in-oil-fieldshttps://www.live-feeds.com/feed/us-in-talks-with-venezuela-to-take-major-stake-in-oil-fields#u54695Wed, 02 Sep 2026 10:00:14 +0000The United States has established a joint venture with Venezuela to develop 17 untapped oil fields through a new company, North American Blue Energy Partners (NABEP). The deal grants the US majority ownership and control of approximately one-fifth of Venezuelan reserves via 100-year leases. The venture targets a production of 1.5 million barrels per day. While the White House claims the agreement will secure low-cost oil and counter Russian and Chinese influence, no formal text of the agreement has been released to the public.Why it mattersThe agreement follows years of US sanctions on Venezue https://www.live-feeds.com/feed/us-in-talks-with-venezuela-to-take-major-stake-in-oil-fieldshttps://www.live-feeds.com/feed/us-in-talks-with-venezuela-to-take-major-stake-in-oil-fields#u53004Mon, 31 Aug 2026 10:10:45 +0000President Donald Trump announced an agreement on August 28 giving the United States majority ownership in a joint oil venture with a Venezuelan energy company. Trump described the arrangement as "THE BIGGEST OIL DEAL IN WORLD HISTORY." While the deal grants the US a stake in Venezuela's oil reserves, analysts note it will not immediately lower crude oil or gas prices for consumers. The White House has provided limited details beyond the president's social media announcements.Why it mattersThe deal targets assets with 90 billion barrels of proven reserves via a potential 100 https://www.live-feeds.com/feed/us-in-talks-with-venezuela-to-take-major-stake-in-oil-fieldshttps://www.live-feeds.com/feed/us-in-talks-with-venezuela-to-take-major-stake-in-oil-fields#u51759Sat, 29 Aug 2026 12:46:45 +0000The US is negotiating a potential deal to secure a significant stake in Venezuelan oil fields, which could provide long-term access to the country's vast oil reserves. The discussions involve a possible 100-year lease on assets with 90 billion barrels of proven reserves. The deal could require billions of dollars to develop the fields and upgrade Venezuela's deteriorated oil infrastructure.Why it mattersThis development is part of the US efforts to consolidate influence over Venezuela's energy infrastructure. The potential deal comes as Venezuela weighs an exit from OPEC after d