US in Talks With Venezuela to Take Major Stake in Oil Fields

Sources cited by Reuters and The Independent say the deal is in an advanced stage, with the Trump Administration leading the negotiations. Proponents argue the arrangement would bolster U.S. energy security and provide a hedge against volatile global markets. Venezuela’s consideration of an OPEC exit and its push to deepen ties with the United States have created a window for the deal, according to Bloomberg.

The prospect of re‑orienting its export strategy appears to be driving Caracas to entertain a partnership that could offset sanctions‑related revenue losses. The move aligns with Washington’s broader aim to diversify supply sources, a theme echoed in WSJ coverage of the advanced talks. Al Jazeera reports insiders confirming the near‑final status, yet the exact size of the stake, pricing terms and any conditions tied to Venezuela’s OPEC membership remain unspecified.

Coverage does not detail how long‑term access would be structured or what regulatory approvals might be required. Analysts note that Venezuela’s OPEC status could influence the deal’s durability, but no outlet has provided a timeline for any membership decision. The next step hinges on formal agreements, which have not been publicly revealed.