US Approaching ‘Massive’ Deal for Venezuelan Oil Fields; ‘HUGE Would Be An Understatement’

A big development for Trump’s energy-centric administration. The historic deal would more than double U.S. oil reserves by drawing from a country that has the world’s largest proven reserves. It’s massive. The GOAT strikes again.

BREAKING: The Trump admin is nearing a deal with Venezuela that would DOUBLE the United States’ oil reserves OVERNIGHT — Axios

The talks are spearheaded by SECRETARY MARCO RUBIO, and STEPHEN MILLER

The deal would involve ownership stakes in Venezuela’s massive oil… pic.twitter.com/jP05AEESA3

— Eric Daugherty (@EricLDaugh) August 27, 2026

Axios reports: The Trump administration is in talks with Venezuela’s interim government about taking an ownership stake in the South American country’s enormous oil resources, two U.S. officials tell Axios. The historic deal would more than double U.S. oil reserves by drawing from a country that has the world’s largest proven reserves. “Calling this deal huge would be an understatement,” one of the officials said. “It is massive.” Adding pressure to get the deal signed: the wars in Iran and Ukraine, which have disrupted global oil supplies and raised prices. The U.S. Strategic Petroleum Reserve is now at a 40-year low. Details are still being hammered out, but the discussions involve more than a dozen productive oil fields — not all of Venezuela’s 300 billion barrels of proven reserves…. The Venezuelan oil deal would be a legacy-defining moment for President Trump, who has made U.S. energy security and dominance in the Western Hemisphere pillars of his so-called “Donroe Doctrine.” “President Trump is close to securing America’s energy future for generations to come, not just in the U.S. but in the hemisphere,” a second official said. (Axios).

Venezuela, one of OPEC’s five founding members, is considering leaving the organization

An exit would let Caracas raise oil production without OPEC quotas and give Washington a larger role in Venezuela’s oil sector, including a possible 100-year lease of several fields.

The… pic.twitter.com/JkT3Cbm0G4

— Visegrád 24 (@visegrad24) August 28, 2026

JUST IN: Trump team is closing in on a Venezuela oil deal that would MORE THAN DOUBLE U.S. reserves.

Not a press conference. Not a speech. An ownership stake in fields holding 90 BILLION barrels.

Those fields used to sit under China and the old Caracas insiders. Rubio and… pic.twitter.com/C5YmRkiHKH

— Gunther Eagleman (@GuntherEagleman) August 27, 2026

Wow.