Oil Reserves Archives - The Daily Journal

Rubio calls U.S.-Venezuela oil deal a “major win,” projects $100 billion in investment

August 29, 2026August 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — U.S. Secretary of State Marco Rubio on Friday endorsed the bilateral energy agreement with Venezuela, which gives Washington majority control over 17 strategic oil fields with proven potential of 65 billion barrels of reserves. “This agreement is a major win for both the American and Venezuelan people,” the top U.S. diplomat […]

Venezuela confirms agreement with U.S. on 65 billion barrels of oil reserves

August 29, 2026August 29, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — The Venezuelan government confirmed Friday night that it had signed an energy agreement with the United States that opens the development of “17 strategic fields, with proven potential of 65 billion barrels of oil” to private operators. In an official statement posted on social media, acting President Delcy Rodríguez described the […]

U.S. negotiates stake in Venezuelan oil fields, Axios reports

August 27, 2026August 27, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The Donald Trump administration is holding advanced talks with Venezuela’s interim government to acquire an equity stake in the South American country’s oil fields under a deal that official sources describe as “massive,” digital news outlet Axios reported Thursday. If the parties finalize the deal, it would cover more than a […]