Commodities
Trump's Venezuelan Oil Deal Secures Access to Vast Reserves Amid Global Energy Concerns
The US and Venezuela have signed a sweeping new oil production agreement that grants Washington access to vast reserves, which could be used to replenish its own strategic reserves or generate revenue.
The 'historic' deal between the Trump administration and Venezuela's interim President Delcy Rodriguez will enable increased private-sector investment from American companies in the country.
US Energy Secretary Chris Wright will travel to Venezuela on Wednesday to sign an oil agreement that will see Chevron expand its existing operations and production capacity in the country.