Summary President Donald Trump announced on Friday that the United States has secured majority control of more than 65 billion barrels of Venezuela oil reserves. The agreement, reached through a partnership with private business, marks one of the biggest energy deals in recent history. Officials say the deal could reshape US fuel supply while boosting Venezuela’s battered economy. Background Venezuela oil reserves have long been recognised as the largest proven reserves on the planet, sitting at roughly 303 billion barrels. Despite this, the country’s output has collapsed over the past…
Read MoreTrump Says US Has Secured Majority Control Over Venezuela Oil Reserves
