
United States· Las VegasTrump's Venezuela Oil Deal and US Energy Reserves
President Trump announced an oil agreement with Venezuela, claiming it will significantly increase US oil reserves, supply, and lower gas prices, with US control over a majority of Venezuela's proven oil reserves.
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Trump's Venezuela Oil Deal and US Strategic Petroleum Reserve
First report 5h agoLast update 1h agoCritics argue that the US Strategic Petroleum Reserve is at a critical low due to releases under both Trump and Biden, weakening the US's ability to stabilize oil markets.
President Trump's administration is touting a new oil agreement with Venezuela as a way to double US oil reserves, increase supply, and reduce gas prices.
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