https://www.live-feeds.com/feed/us-oil-producers-set-to-ink-production-deals-with-venezuelaContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-oil-producers-set-to-ink-production-deals-with-venezuelahttps://www.live-feeds.com/feed/us-oil-producers-set-to-ink-production-deals-with-venezuela#u45307Wed, 19 Aug 2026 21:55:37 +0000US oil producers are poised to sign production deals with Venezuela, according to reports. Venezuela has signed deals with SLB and Hunt to boost its oil output. The country is currently exporting about half of its oil output to the US, with US refineries taking in approximately half of Venezuela's oil output.Why it mattersThe development is significant as Venezuela is a major oil producer and exporter. The country has been working to increase its oil output and attract foreign investment. The US has been a key market for Venezuelan oil, with many US refineries relying on Venezuelan crude.