https://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-sayContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-sayhttps://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-say#u76255Sat, 19 Sep 2026 13:10:06 +0000The United States is nearing a finalized agreement to secure long-term access to Venezuela's oil reserves following a visit to Caracas by the US Secretary of Energy. President Donald Trump announced the arrangement on August 28, which involves US control across 17 fields holding 65 billion barrels of oil, expanded operations for Chevron, and a profit stake for the Pentagon. Domestic pushback inside Venezuela follows the announcement, and analysts caution that severe infrastructure failures will likely restrict the deal's near-term capacity to influence global crude and gas prices.Why https://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-sayhttps://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-say#u65890Sat, 12 Sep 2026 06:21:12 +0000The US Secretary of Energy traveled to Caracas to oversee the implementation of a deal granting the US control over 65 billion barrels of oil across 17 fields. This arrangement, announced by President Donald Trump on August 28, includes a profit stake for the Pentagon and expanded operations for Chevron. While the US aims for long-term energy security, the deal faces domestic criticism in Venezuela. Analysts believe existing infrastructure failures will limit the agreement's immediate impact on global crude and gas prices.Why it mattersThe deal secures approximately one-fifth of Venezuela https://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-sayhttps://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-say#u57107Fri, 04 Sep 2026 16:11:21 +0000Chevron is expanding its Venezuelan operations following an agreement announced by President Donald Trump on August 28. The deal grants the United States control of approximately one-fifth of Venezuela's oil reserves, covering 17 fields and 65 billion barrels of oil. Under the terms, the Pentagon will receive a stake in the profits. While the US secures long-term energy access, many Venezuelans view the arrangement as a surrender of national resources. Analysts suggest infrastructure problems will prevent the deal from immediately affecting global crude oil or gas prices.Why it mattersVen https://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-sayhttps://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-say#u54971Wed, 02 Sep 2026 14:00:39 +0000The US is close to securing a deal for long-term access to Venezuela's vast oil reserves, with President Donald Trump announcing an agreement on August 28. The deal targets 65 billion barrels of oil across 17 fields, but details remain scarce and analysts say it won't immediately impact crude oil or gas prices due to infrastructure hurdles.Why it mattersThis development has significant implications for the US energy landscape and global oil markets. The agreement aims to secure long-term supplies, but its impact on consumers and the environment remains uncertain. Venezuela's oil https://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-sayhttps://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-say#u53237Mon, 31 Aug 2026 14:20:17 +0000President Donald Trump announced an agreement on August 28 giving the United States a stake in Venezuela's oil reserves. Trump described the pact as "THE BIGGEST OIL DEAL IN WORLD HISTORY." The agreement targets 65 billion barrels of oil across 17 different fields. While the deal aims to secure long-term supplies, analysts note it will not immediately lower crude oil or gas prices for consumers due to significant infrastructure hurdles. The White House has provided few details beyond the president's social media announcements.Why it mattersVenezuela holds the largest oil re https://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-sayhttps://www.live-feeds.com/feed/us-nears-deal-to-secure-long-term-access-to-venezuela-s-oil-reserves-sources-say#u51132Sat, 29 Aug 2026 01:40:59 +0000The US is close to striking a deal with Venezuela to secure long-term access to the country's oil reserves, which could bolster US oil supplies for years to come. The talks involve multiple producing oil fields with significant proven reserves. A pact with Caracas may face legal challenges.Why it mattersThe US is seeking to secure oil supplies as global tensions, including wars in Iran and Ukraine, strain the market. Venezuela, a member of OPEC, has significant oil reserves that could help meet US energy needs. The country has been deepening ties with the US in recent months.What is confi