S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

U.S. Secures Massive Foothold in Venezuela’s Oil Reserves

The United States has claimed control over 65 billion barrels of Venezuelan crude, a deal signed by Energy Secretary Chris Wright that grants North American Blue Energy Partners a century-long concession. This move effectively places 20% of Venezuela’s total reserves under U.S. influence, signaling a aggressive shift toward regional energy dominance.

U.S. Secures Massive Foothold in Venezuela’s Oil Reserves

The agreement, which spans 17 distinct oil fields, represents a volume 1.5 times larger than the entire current U.S. territorial reserve. By securing a 35% equity stake through the Department of War, Washington is moving to stabilize its own supply chains while sidelining foreign competitors. This arrangement is the cornerstone of the administration’s "Donroe Doctrine," a realpolitik framework designed to consolidate U.S. power across the Western Hemisphere and reduce reliance on Middle Eastern imports.

Legal hurdles remain, however, as the deal faces potential constitutional challenges within Venezuela. The nation’s charter mandates that long-term concessions for strategic resources require National Assembly approval, a step currently bypassed by the interim government. Critics argue that the Supreme Tribunal of Justice could eventually void the contract, citing the prohibition against foreign control of national assets. Despite these risks, current leadership under President Delcy Rodriguez projects the deal will trigger over $100 billion in direct investment, aiming for production levels exceeding 1.5 million barrels per day.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!