https://www.live-feeds.com/feed/us-nears-deal-to-secure-stake-in-venezuelan-oil-fields-insiders-sayContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-nears-deal-to-secure-stake-in-venezuelan-oil-fields-insiders-sayhttps://www.live-feeds.com/feed/us-nears-deal-to-secure-stake-in-venezuelan-oil-fields-insiders-say#u54573Wed, 02 Sep 2026 07:56:29 +0000President Donald Trump announced a deal on Friday giving the United States a majority stake in Venezuela's oil reserves. The agreement establishes a private company in which the Pentagon holds a 35% ownership stake, while the State Department secured a guarantee to purchase 20% of the production at cost. Trump intends to use the proceeds to replenish the emergency energy supplies of the United States, though energy experts expressed skepticism regarding the plan's impact on domestic gas prices.Why it mattersVenezuela holds 65 billion barrels of oil reserves. This agreement follows a https://www.live-feeds.com/feed/us-nears-deal-to-secure-stake-in-venezuelan-oil-fields-insiders-sayhttps://www.live-feeds.com/feed/us-nears-deal-to-secure-stake-in-venezuelan-oil-fields-insiders-say#u51671Sat, 29 Aug 2026 11:01:17 +0000The US is close to striking a deal to secure a significant stake in Venezuelan oil fields, with multiple sources indicating that the agreement could provide long-term access to Venezuela's vast oil reserves. The deal, which has been in the works for some time, is expected to involve Chevron and other US firms investing billions in Venezuelan oil fields. The agreement aims to secure US control of a portion of Venezuela's 65 billion barrels of oil reserves.Why it mattersThe US is seeking to secure a stake in Venezuelan oil fields as global oil supplies are strained due to conflicts in