Scoop: U.S. close to striking "massive" deal for Venezuelan oil fields

Why it matters

The imminent U.S. agreement to acquire a substantial stake in Venezuelan oil fields, involving 1.5 million barrels per day over 25 years, constitutes a confirmed sovereign-level deal with major implications for global oil supply, U.S. strategic reserves, and geopolitical risk, thereby materially affecting credit markets and financing conditions in energy and related sectors.

Sources

• Axios

  Scoop: U.S. close to striking "massive" deal for Venezuelan oil fields

  The Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the South American country's enormous oil resources, two U.S. officials tell Axios. Why it matters : The historic deal would more than double U.S. oil reserves by drawing…

• Yahoo Finance

  According to Axios, the U.S. Is Closing in on a Massive Venezuela Oil Deal. 3 Oil Stocks That Could Win.

• Nasdaq

  According to Axios, the U.S. Is Closing in on a Massive Venezuela Oil Deal. 3 Oil Stocks That Could Win.

  Key PointsThe U.S. is working on a deal to give it direct stakes in several Venezuelan oil fields.

• Fox Business

  Venezuela says Trump's historic oil deal targets 1.5M barrels per day, could generate $200B

  Venezuela's Delcy Rodriguez says the 25-year oil deal with President Donald Trump targets 1.5 million barrels per day across 17 strategic oilfields initially.

• CBS MoneyWatch

  Will Trump's Venezuela oil deal ease U.S. gas prices?

  The deal involves developing 17 strategic oil fields in Venezuela, an undertaking that experts said could take years.

• Fortune

  Trump’s ‘biggest oil deal in world history’ in Venezuela reeks of ‘colonial cronyism’ and could easily fall apart, experts say

  The U.S.-Venezuela agreement would include a third-party oil operator and incorporate 17 mature or undeveloped oilfields.