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US in talks with Venezuela to acquire stake in country'soil fields as strategic reserves fall to 40-year-low: Report

US and Venezuela are reportedly nearing a deal for Washington to acquire stakes in over a dozen Venezuelan oil fields, potentially boosting US oil reserves.

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Hindustan Times27 Aug 2026, 05:30 pmUpdated 4h ago1 min readWorldWorld

World — Hindustan Times

US in talks with Venezuela to acquire stake in country's oil fields as strategic reserves fall to 40-year-low: Report

US and Venezuela are reportedly nearing a deal for Washington to acquire stakes in over a dozen Venezuelan oil fields, potentially boosting US oil reserves.

This report is published with credit to Hindustan Times. The wire sent a summary; open the original for any extra context. Read on Hindustan Times →

Source: Hindustan Times. Published 27 Aug 2026, 05:30 pm.

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