According to reports, the Trump administration is in negotiations with Venezuela to acquire shares in the country's oil fields. The report quoted unnamed sources as saying that the agreement will involve more than 10 oil fields, which could double America's oil reserves. This agreement will mark a significant expansion of America's influence in the Venezuelan oil industry. It may also accelerate the transformation of the industry and continue to weaken the dominant position of state-owned oil companies.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.