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Trump Close To 'Massive' Deal For Seizing Stake In Venezuela's Vast Oil Fields Amid ongoing global oil supply disruptions due to the Iran war and Hormuz Strait crisis, and also as Ukraine's war on Russian oil refineries and export terminals heats up, the Trump administration has been scrambling to tap new reliable and long-term energy sources. Now, nearly eight months since the US miliary raid on Caracas which removed from power and captured socialist President Nicolás Maduro, and the Trump administration is said to be on the brink of a massive deal to gain ownership stake in the countries vast oil resources. Axios is newly reporting Thursday of 'negotiations' (sure) in the works: "The historic deal would more than double U.S. oil reserves by drawing from a country that has the world's largest proven reserves." Back in February: Venezuelan acting President Delcy Rodriguez greets US Energy Secretary Chris Wright at Miraflores presidential palace in Caracas, via AP The report ...

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The Trump administration is in talks with Venezuela to take an ownership stake in the Latin American nation's oil fields, Axios reported....

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Reconstruction spending after the devastating earthquakes that struck Venezuela and Colombia this year could provide a modest lift to both economies in 2027, according to ECLAC Secretary José Manuel Salazar-Xirinachs....

What happens when the world stops buying Iran oil due to the threat of secondary sanctions? Where will India procure crude from if it faces tariffs of up to 100% for its Russian crude oil imports? The Middle East crisis has pushed Russia's share in India's crude oil basket to over 50%....

Große Hoffnung auf einen Aufschwung herrschte in Venezuela nach dem Sturz von Diktator Maduro. Nun werfen Kritiker den USA vor, das Land zu einem Protektorat zu machen....

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Iranian President Masoud Pezeshkian says Iran has stood firm despite what he calls a full-scale war....

Flooding across Caracas, Venezuela, after heavy rains...

Venezuela has emerged as a much larger supplier to India in August till now, with imports rising sharply and placing the South American producer fourth in India's crude supply rankings, Kpler data showed....

About half of the oil produced in Venezuela, approximately 500,000 barrels, is currently exported to the US...

While companies are signing contracts, the process is opaque and the rules are uncertain....

Österreich hält Lehren für den Umgang mit der AfD bereit. Bernie Sanders führt den Widerstand gegen KI-Datenzentren an. Und María Corina Machado spricht über ihre Flucht aus Venezuela. Das ist die Lage am Donnerstagmorgen....

Venezuela is keen to sign production-sharing contracts and ramp up output from the world's biggest crude reserves, Oil Minister Paula Henao told investors in Houston....

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US official says Venezuela is sending 500,000 of its 1.25 million barrels per day output to Gulf Coast refineries....

Venezuela signed oil-related contracts with two US companies as the government of the South American country seeks to attract investment and boost crude production....

Venezuelan Minister of Hydrocarbons Paula Henao plans to attend the signing ceremony...