By Riffat Kausar,
Scandinavian News Agency
A Venezuela oil deal reportedly giving U.S. companies majority control over more than 65 billion barrels of proven reserves has been described by its backers as a major energy win, though the claim has not yet been independently verified through official government channels.
According to a report published by Snn News Finland, the arrangement would hand U.S. firms majority stakes in Venezuelan oil fields at no direct cost to American taxpayers.
The report attributes the framing of the deal to former President Donald Trump, who has publicly touted it as a win for U.S. energy security.
Neither the U.S. State Department nor Venezuelan officials have issued a confirmed public statement on the deal’s exact terms as of this writing, and Scandinavian News Agency has not been able to independently verify the reported figures.
Key Details of the Venezuela Oil Agreement
Snn News Finland reports that the deal would add access to reserves large enough to more than double the United States’ proven oil reserves on paper.
Venezuela holds some of the largest crude reserves in the world, and any shift in access to that supply would be significant for global energy markets if confirmed.
The report does not cite a signed agreement, treaty text, or named government official confirming the 65-billion-barrel figure.
Readers should treat the number as a reported claim, not a verified fact, pending confirmation from primary sources such as the U.S. Department of Energy or Venezuela’s state oil company, PDVSA.
Could the Venezuela Oil Deal Bring Down Fuel Prices?
Venezuela Oil Deal trader Phil Flynn, cited in the original report, said the deal is unlikely to lower gas prices immediately.
He reportedly said that bringing additional Venezuelan crude within U.S. reach could help stabilize or lower prices over a longer period, rather than overnight.
Energy analysts generally note that gasoline prices depend on global refining capacity, transport logistics, and existing supply contracts not just reserve access so any price effect would likely take months or years to materialize, if the deal proceeds as described.
Key Facts
- Snn News Finland reports a deal giving U.S. companies majority control over 65+ billion barrels of Venezuelan oil reserves.
- The report attributes the “zero cost to taxpayers” framing to Donald Trump; this has not been independently verified.
- Oil trader Phil Flynn is quoted saying gas prices likely won’t drop immediately.
- A claim linking the deal’s timing to Maduro’s alleged capture remains unverified.
- No official U.S. or Venezuelan government confirmation has been located as of publication.
- Venezuela Oil Deal
FAQs:
Is the Venezuela oil deal officially confirmed?
Not yet. The figures come from a single report; no signed agreement or official government statement has been independently verified.
How many barrels of oil are reportedly involved?
The report cites more than 65 billion barrels of proven reserves, which would be a very large addition to U.S.-controlled reserves if confirmed.
Will this lower gas prices right away?
According to oil trader Phil Flynn, no any price effect would likely take time, not happen overnight.
What is PDVSA?
PDVSA is Venezuela Oil Deal state-owned oil company, which manages the country’s crude production and reserves.
Is the claim about Maduro’s capture confirmed?
No. This is reported as an unverified claim and has not been confirmed by named government sources.
Unverified Claim About Nicolás Maduro
The Snn News Finland report also links the timing of the deal to an unverified claim that the U.S. “captured” Venezuelan leader Nicolás Maduro roughly nine months earlier, framing the two events as connected.
Scandinavian News Agency could not independently confirm this claim through official U.S. or Venezuela Oil Deal government sources at the time of publication.
Given the seriousness of an allegation involving a head of state, this claim should be treated as unconfirmed until verified by named officials or wire services.
U.S. Energy Information Administration (eia.gov) for verified data on global crude oil reserves.
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