The US has secured majority control of Venezuela's oil reserves, aiming to double American supplies and stabilise crude flow amid rising petrol prices. Read more at straitstimes.com. Read more at straitstimes.com.

Aug 28 - U.S. President Donald Trump on Friday said the U.S. had entered into an oil agreement with Venezuela. Read more at straitstimes.com. Read more at straitstimes.com.

The US has secured majority control of Venezuela's oil reserves, aiming to double American supplies and stabilise crude flow amid rising petrol prices. Read more at straitstimes.com. Read more at straitstimes.com.

President Donald Trump says his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost.

Aug. 28 (UPI) -- President Donald Trump on Friday said his administration had reached a deal with Venezuela to secure a stake in more than 65 billion barrels of the country's oil reserves.

“The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote in a social media post.

Donald Trump said the US had struck a deal with Venezuela and private firms over oil reserves. The announcement expands Washington's energy push, though legal and financial questions remain.

Trump announces U.S. deal with Venezuela to control 65 billion barrels of oil reserves, marking a historic agreement.

HOUSTON/WASHINGTON, Aug 27 - Trump administration officials are working on a deal to secure long-term access to a portion of Venezuela's crude reserves, sources with knowledge of the negotiations said on Thursday, a move that could ultimately lower the cost of oil imports. Read more at straitstimes.com. Read more at straitstimes.com.