According to Mr Trump, the interim authority in Venezuela, led by Delcy Rodriguez, would be in charge of facilitating this supply.

Officials say sales were expected to start with 30 million to 50 million barrels of oil and the revenue would be controlled by the US government.

Donald Trump announced a deal with the Venezuelan regime to give the United States 30 to 50 million barrels of oil.

Officials say sales were expected to start with 30 million to 50 million barrels of oil and the revenue would be controlled by the US government.

President Trump announced Venezuela will purchase American-made products, including agricultural goods and medical supplies, using revenue from a new oil deal with the US. Read more at straitstimes.com. Read more at straitstimes.com.

The U.S. will ease sanctions against Venezuela in exchange for continued shipments of oil.

Oil is Venezuela’s most important source of revenue and foreign currency.

The U.S. needs to control Venezuela's oil sales and revenue indefinitely to stabilize that country's economy and rebuild its oil sector, Energy Secretary Chris Wright said on Wednesday. The comments reflect the importance of crude oil to President ‌Donald Trump's strategy in Venezuela after U.S. forces ousted the country's leader,…

The U.S. will ease sanctions against Venezuela in exchange for continued shipments of oil.

Trump had said Venezuela agreed to send up to 50 million barrels of oil to the United States, with proceeds controlled by Washington for mutual benefit.

Trump announces Venezuela will transfer 30-50 million barrels of oil worth $2.8 billion to the US following Maduro's capture, demanding exclusive partnership.

The Trump administration said it had an agreement with Venezuela’s government, but the country’s state-owned oil company said negotiations were underway.

Jan 7 - Venezuela's state-run oil company PDVSA said on Wednesday it is progressing in negotiations with the United States for oil sales, as a board member for the company told Reuters the U.S. will need to buy cargoes at international prices.  Read more at straitstimes.com. Read more at straitstimes.com.

Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, U.S. President Donald Trump said on Tuesday, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper ‌oil production cuts. The agreement is a strong…

Jan 7 - The United States needs to control Venezuela's oil sales and revenue to drive the changes it wants to see in the country, Energy Secretary Chris Wright said on Wednesday. Read more at straitstimes.com. Read more at straitstimes.com.

Jan 7 - The United States needs to control Venezuela's oil sales and revenue to drive the changes it wants to see in the country, Energy Secretary Chris Wright said on Wednesday. Read more at straitstimes.com. Read more at straitstimes.com.

Venezuela sits atop the world’s largest oil reserves but accounts for only about 1 per cent of global supply. Read more at straitstimes.com. Read more at straitstimes.com.

The plan involves an initial shipment of up to 50 million barrels, with US sanctions eased to allow continued oil exports.

Energy Secretary Chris Wright said Wednesday that the U.S. will control Venezuela's oil sales indefinitely.

President Donald Trump said Tuesday on his social media site that "Interim Authorities" in Venezuela would be selling 30 million to 50 million barrels of "High Quality" oil to the US at its market price.

President Donald Trump said Tuesday on his social media site that "Interim Authorities" in Venezuela would be selling 30 million to 50 million barrels of "High Quality" oil to the US at its market price.

He added that the money would be controlled by himself and used to benefit the people of Venezuela and the US.

Energy secretary reveals Venezuelan oil export plan as Trump administration seeks to restart flow from world's largest oil reserves to the U.S. market.

Washington DC: US President Donald Trump announced on Tuesday that the interim authorities in Venezuela would turn between 30 and 50 million barrels of