Trump announced the “largest oil deal in history” with Venezuela 🇺🇸🇻🇪🛢️
The administration of Donald Trump has finalized a large-scale agreement with Venezuela’s interim government (led by Delcy Rodríguez) that gives the United States control over more than 65 billion barrels of proven oil reserves.
Key details and terms of the deal:
• Scale of control: The U.S. receives a 55% share of production within a newly created private consortium, effectively more than doubling U.S. energy reserves.
• No taxpayer cost: The model is based on private investment (expected to attract more than $100 billion from the private sector and energy giants) in exchange for 100-year concessions for 17 key fields.
• Strategic objective: Replenish the U.S. Strategic Petroleum Reserve (SPR) and reduce gasoline prices amid geopolitical pressure on global supplies.
While the market is trying to assess the timeline for the oil’s real entry into the market (Venezuela’s infrastructure needs years of repair), oil prices and commodity markets are preparing for a significant revaluation.
#TrumpSaysUSReachedVenezuelaOilDeal
#USShortTermTreasuryYieldsJump
#FedSeptRateHikeOddsRiseTo57%
$BZ
$CL
$TRUMP
The administration of Donald Trump has finalized a large-scale agreement with Venezuela’s interim government (led by Delcy Rodríguez) that gives the United States control over more than 65 billion barrels of proven oil reserves.
Key details and terms of the deal:
• Scale of control: The U.S. receives a 55% share of production within a newly created private consortium, effectively more than doubling U.S. energy reserves.
• No taxpayer cost: The model is based on private investment (expected to attract more than $100 billion from the private sector and energy giants) in exchange for 100-year concessions for 17 key fields.
• Strategic objective: Replenish the U.S. Strategic Petroleum Reserve (SPR) and reduce gasoline prices amid geopolitical pressure on global supplies.
While the market is trying to assess the timeline for the oil’s real entry into the market (Venezuela’s infrastructure needs years of repair), oil prices and commodity markets are preparing for a significant revaluation.
#TrumpSaysUSReachedVenezuelaOilDeal
#USShortTermTreasuryYieldsJump
#FedSeptRateHikeOddsRiseTo57%
$BZ
$CL
$TRUMP
