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Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
- On Friday, President Donald Trump announced an oil agreement with Venezuela, securing majority U.S. control of more than 65 BILLION BARRELS of proven oil reserves at no cost to American taxpayers.
- Washington has sought stable crude supplies since removing former President Nicolas Maduro in January, aiming to replenish the Strategic Petroleum Reserve and promote investment in the OPEC nation's deteriorated energy sector.
- Secretary of State Marco Rubio and Secretary of War Pete Hegseth negotiated the deal alongside Interim President Delcy Rodriguez, with Trump claiming they secured "majority U.S. control of more than 65 BILLION BARRELS."
- Facing pressure ahead of midterm elections scheduled later this year, the administration hopes to ease rising gasoline prices through cheaper oil supplies and expanded Venezuelan output.
- Venezuela's energy industry currently produces 1.25 million barrels per day; the agreement aims to revitalize this deteriorated sector while integrating it into broader American energy strategy.
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268 Articles
268 Articles
US President talks about "the biggest oil deal in history" and promises cheaper gasoline
·Marousi, Greece
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Marco Rubio said Venezuela will receive $100,000 billion in private investment in exchange for giving up much of its oil reserves.
U.S. President Donald Trump has announced a "historic" agreement with Venezuela that will double the U.S. oil reserves.
·Madrid, Spain
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Trump announces ‘biggest oil deal in history’ giving US majority control of 65 billion barrels of Venezuelan reserves
Donald Trump announced that the US has secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves in what he calls the ‘biggest oil deal in history.’ He says the agreement will double US reserves, lower domestic gas prices, and boost Venezuela’s economy.
·New Delhi, India
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Coverage Details
Total News Sources268
Leaning Left42Leaning Right40Center86Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 25%
C 51%
R 24%
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