U.S. Seizes Majority Stake in Venezuelan Oil | Denver News

The U.S. is set to gain majority control over Venezuela’s massive oil reserves—over 60 billion barrels—in a historic joint venture that could slash gas prices and inject $200 billion into Venezuela’s economy. With a 55% government stake and no taxpayer cost, the deal aims to lure American energy firms back after years of sanctions and nationalization fears, while offering Venezuela a lifeline to revive its struggling oil sector. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8de040f9d5fca493