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Washington oversees agreements in Caracas
MX🏛️ PoliticsProgressive9/3/2026

Washington oversees agreements in Caracas

The U.S. Secretary of Energy, Chris Wright, visited Caracas to oversee agreements between Venezuela and multinational oil companies like Chevron and Eni, granting the U.S. control over 20% of Venezuela’s massive oil reserves. This follows an unprecedented deal announced by President Donald Trump, which gives the U.S. majority control over 65 billion barrels of Venezuelan oil. During his visit, Wright met with interim President Delcy Rodríguez at the Miraflores Palace and expressed hope that these agreements would bring 'peace' and 'prosperity' to Venezuela, which holds the world’s largest crude oil reserves. The Venezuelan government also signed agreements with General Electric Vernova to repair much of the country’s electrical grid. Wright stated that Venezuela’s current oil production of 1.2 million barrels per day is expected to exceed 2 million by the end of the decade. Rodríguez thanked Trump for the historic agreement, stating it benefits both nations. Meanwhile, Trump claimed Venezuela is not yet ready to hold elections, while Rodríguez emphasized that elections will occur when Venezuela is prepared, citing the country’s constitution and democratic system.

President Donald Trump announced a major oil agreement with Venezuela, stating the deal involves 65 billion barrels of proven oil reserves within Venezuelan territory. The announcement was made through his social media platform, Truth Social, where he hailed the agreement as “THE LARGEST OIL DEAL IN WORLD HISTORY.” According to Trump, under his leadership, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth worked closely with interim President Delcy Rodríguez of Venezuela and private sector operators to secure U.S. majority control over more than 65 billion barrels of proven oil reserves in Venezuela, without cost to American taxpayers. The agreement, which Trump claimed would more than double U.S. oil reserves, is expected to significantly increase domestic oil supply and reduce long-term gasoline prices for Americans. Rubio emphasized that the deal would bring nearly $100 billion in private investment into Venezuela, support thousands of well-paying jobs, and aid in the country’s economic recovery. He added that the agreement ensures stable reserves and lowers fuel costs in the United States. Rodríguez stated that the agreement, previously announced by Trump, will allow for a substantial boost in oil production through private operators. She outlined plans to develop 17 strategic fields, with a proven potential of 65 billion barrels of oil, an investment exceeding $100 billion, and over $209 billion in taxes for the state. These figures were presented as part of the broader framework of the deal. According to reports from media outlets such as Bloomberg, the U.S. government had been seeking a majority stake in Venezuela's oil reserves through a possible partnership involving the Department of Defense and Alejandro Betancourt, a controversial energy investor who has served as a key intermediary between the two nations. This suggests that the agreement may involve complex financial arrangements and political negotiations beyond the public statements. The deal comes amid ongoing tensions between the U.S. and Venezuela, particularly regarding sanctions and economic conditions in the country. While the U.S. administration has historically imposed restrictions on Venezuela due to its authoritarian regime and human rights concerns, this agreement appears to mark a shift toward economic cooperation. It is unclear how this aligns with existing international laws and agreements governing resource extraction and foreign investments. Venezuela's economy has faced severe challenges, including hyperinflation, power shortages, and a collapse in oil exports. The potential influx of private investment could offer new opportunities for economic stabilization, though critics argue that such deals often benefit foreign entities while leaving local populations vulnerable to exploitation. The role of private investors, particularly Betancourt, raises questions about transparency and accountability in the management of Venezuela's natural resources. As the agreement moves forward, further details on the legal structure, operational timelines, and environmental safeguards are expected. The involvement of high-ranking officials from both countries underscores the significance of the deal, yet it remains to be seen how it will unfold in practice. With the U.S. aiming to bolster its energy independence and Venezuela seeking economic relief, the agreement represents a complex intersection of geopolitical interests and economic strategy.

How this report was made. Objective News wrote this report from 2 source articles, using AI-assisted synthesis under our methodology. It is our own text, not a copy of any single outlet. Read our methodology.

Responsible editor: Matej BašaSpotted an error? Report it

4 reports

El Universal logoEl UniversalIndependentProgressiveFactual 85Objective 658/30/2026
US-Venezuela oil deal is for 25 years, Delcy reports; 1.5 million barrels a day

The acting president of Venezuela, Delcy Rodríguez, announced that a new oil agreement between Venezuela and the United States would last for 25 years, aiming for daily production exceeding 1.5 million barrels. She emphasized that Venezuela retains ownership and sovereignty over its resources, despite speculation about U.S. involvement in Venezuelan oil fields with a potential production capacity of 65 billion barrels. The agreement reportedly grants the U.S. access to large reserves in South America. The article references another piece titled 'What do we know about the U.S.-Venezuela oil deal?' which provides further details.

Bias read (Progressive): The article presents the announcement by Delcy Rodríguez, who is aligned with the leftist government of Nicolás Maduro, emphasizing Venezuela’s retention of sovereignty over its oil resources. This framing highlights the government’s position while referencing speculation about U.S. influence, but o

Why factuality (85): This article provides specific details about the duration (25 years) and production target (1.5 million barrels per day) of the oil agreement, which are corroborated by other sources. It mentions the potential productive reserves (65 billion barrels) and references EFE as a source, increasing reliab

Why objectivity (65): While the article presents factual information, it uses emotionally charged language such as 'van por' (are moving towards) which suggests progress or ambition. It also emphasizes the access Washington gains, potentially biasing the narrative toward U.S. interests rather than presenting a balanced v

El Universal logoEl UniversalIndependentCenterFactual 78Objective 659/3/2026
Washington oversees agreements in Caracas

The U.S. Secretary of Energy, Chris Wright, visited Caracas to oversee agreements between Venezuela and multinational oil companies like Chevron and Eni, granting the U.S. control over 20% of Venezuela’s massive oil reserves. This follows an unprecedented deal announced by President Donald Trump, which gives the U.S. majority control over 65 billion barrels of Venezuelan oil. During his visit, Wright met with interim President Delcy Rodríguez at the Miraflores Palace and expressed hope that these agreements would bring 'peace' and 'prosperity' to Venezuela, which holds the world’s largest crude oil reserves. The Venezuelan government also signed agreements with General Electric Vernova to repair much of the country’s electrical grid. Wright stated that Venezuela’s current oil production of 1.2 million barrels per day is expected to exceed 2 million by the end of the decade. Rodríguez thanked Trump for the historic agreement, stating it benefits both nations. Meanwhile, Trump claimed Venezuela is not yet ready to hold elections, while Rodríguez emphasized that elections will occur when Venezuela is prepared, citing the country’s constitution and democratic system.

Bias read (Center): The article presents factual information about international energy agreements and political statements from both U.S. and Venezuelan officials without overtly favoring one side. It includes direct quotes from both parties and does not employ loaded language or one-sided sourcing.

Why factuality (78): The article reports on U.S.-Venezuelan energy agreements, citing specific figures like 20% control over Venezuelan oil reserves and production targets. While these details are not independently verified, they align with broader narratives from U.S. government statements and media coverage. The menti

Why objectivity (65): The article presents information from both U.S. and Venezuelan perspectives, but it frames the U.S. actions as positive developments while mentioning Venezuela's stance on elections. The language used ('historic agreement', 'peace' and 'prosperity') suggests a pro-U.S. bias, and the focus on Trump's

La Jornada logoLa JornadaIndependentProgressiveFactual 75Objective 608/30/2026
Delcy Rodríguez defends oil deal with US: Venezuela retains sovereignty over its resources

The article reports that Delcy Rodríguez, Venezuela's Vice President, defended a petroleum agreement with the United States, emphasizing that Venezuela maintains sovereignty over its resources. The headline highlights her assertion that the agreement does not compromise Venezuelan control over its oil reserves. The piece focuses on the political stance of the Venezuelan government regarding international energy agreements and national sovereignty.

Bias read (Progressive): The article frames the agreement through the lens of Venezuelan sovereignty, aligning with the leftist narrative that emphasizes state control over natural resources. The emphasis on maintaining sovereignty suggests a pro-government perspective, which is typically associated with left-leaning media.

Why factuality (75): The article reports Delcy Rodríguez defending the oil agreement with the US and stating Venezuela retains sovereignty over its resources. This aligns with the cross-source consensus as other articles also mention her statements on the agreement. However, there is no primary source to verify the exac

Why objectivity (60): The tone is somewhat supportive of Delcy Rodríguez's position, using phrases like 'defiende' (defends) which may imply approval. The article does not present opposing viewpoints or contextualize the implications of the agreement, leading to a biased framing.

La Jornada logoLa JornadaIndependentProgressiveFactual 60Objective 458/31/2026
Delcy Rodríguez, at the service of Trump // Deliver the Venezuelan oil wealth // "We will never be a backyard again" ? - Mexico SA

The article titled 'Delcy Rodríguez, al servicio de Trump // Entrega la riqueza petrolera venezolana // ¿“Nunca más seremos patio trasero”?' by La Jornada suggests that Venezuelan Foreign Minister Delcy Rodríguez is acting in support of U.S. President Donald Trump, potentially at the expense of Venezuela's national interests. The piece implies that Venezuela's oil wealth is being compromised under this alignment, raising concerns about the country's sovereignty. The headline uses strong language to frame the situation as a betrayal of Venezuela's independence, suggesting that the nation may no longer be willing to serve as a subservient partner to foreign powers.

Bias read (Progressive): The article frames Delcy Rodríguez's actions in a manner that aligns with anti-U.S. sentiment, portraying her as serving foreign interests rather than Venezuela's. The use of terms like 'al servicio de Trump' (at the service of Trump) and 'patio trasero' (backyard) carries a negative connotation,暗示着

Why factuality (60): This article appears more opinionated, suggesting Delcy Rodríguez is serving Trump and implies an economic loss for Venezuela. While it references the same event, it lacks direct sourcing and introduces subjective claims about Venezuela being a 'patio trasero' (backyard) which are not supported by p

Why objectivity (45): The article has a strongly critical tone, using loaded terms like 'al servicio de Trump' (servant of Trump) and 'entrega la riqueza petrolera' (delivers petroleum wealth), which clearly favor a political stance. It fails to provide alternative perspectives or context, making it highly one-sided.

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