A White House official said the agreement would give the United States a 55% effective output stake in a new private joint venture. | World News

The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves, Trump said in a social media post.

President Donald Trump said Friday night the United States reached an oil agreement with Venezuela, a move he said will more than double American oil reserves, increase oil supply…

The agreement would give the US control of 65 billion barrels of Venezuelan oil