Venezuela Weighs OPEC Exit as US Discusses Stake in Oil Fields

The White House provided specific details regarding an energy pact that grants Washington majority control over 65 billion barrels of proven oil reserves in Venezuela. North American Blue Energy Partners (NABEP) has granted the Pentagon’s Office of Strategic Capital a 35 per…

Alejandro Betancourt is US’s minority partner in company that will control more than 65bn barrels of oil reserves

Venezuela's interim president says its newly-inked and historic energy deal with the US help revive the economy and boost government revenue.

The administration will work with a private Venezuelan oil company that has close ties to the country’s government.

Trump announces deal for huge US stake in Venezuelan oil reserves

President claims the deal 'will substantially lower gas prices for all Americans'.

Source: Bloomberg, 5:22

Critics call move to gain long-term access to country’s massive energy reserves ‘predatory’ and ‘unconstitutional’ Reports that the US is preparing to claim a big stake in Venezuela’s massive energy reserves have sparked an outcry, with critics describing the move as “predatory”…

By Marianna Parraga and Jarrett Renshaw HOUSTON/WASHINGTON, Aug 27 (Reuters) - Trump administration officials are working on a deal to secure long-term access to a portion of Venezuela's crude

Venezuela was one of the five oil producers that founded Opec in 1960 and is widely considered the most influential country in the group's creation

President Trump has said the U.S. has already collected more than $13 billion from the sale of Venezuelan crude oil

The US is in talks with Venezuela to take a large stake in its oil fields, a dramatic move that would extend the Trump administration’s influence on the post-Maduro government and the nation’s vast energy reserves.